Urban properties in Portugal with improvements or expansions are exempt from IMI, when they are used as the permanent primary residence of the taxpayer or his/her household, and are allocated to this purpose within 6 months of the completion of the improvements or expansions.
A duly documented request for exemption must be submitted within 60 days of this time period.
The exemption will only apply to the taxable assessed value of the increase from the improvements or expansions, bearing in mind the property’s total taxable assessed value after the increase resulting from these changes.
