PROPERTY TAX INCREASE IN MADEIRA 2017

Effective 2017 Tax Year in Madeira Island, a single tax payer owning property/ies in Madeira totalling a patrimonial value over and above 600 000.00Euros will have to pay an aditional 0.7% (or 1 % if in excess of 1 Million Euros) in adition to the normal IMI annual tax in their area.

If you are on the market to buy or sell luxury property in this price range in Madeira, you will need expert tax advice.

We work with the best tax advisors in Madeira. For Expert Real Estate Market and Tax advice in Madeira, contact us here.

About Author: Tony Nobrega

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