Building in the centre of Funchal
Funchal, São Pedro, Centro (Madeira - Portugal)
Energy certificate: F
Devoluted building located in the center of Funchal, with excellent sun exposure, in need of works, with the possibility of building three apartments of typology T1, close to all services: schools, hospital, shopping center and near the port of Funchal. This building has the possibility to still benefit from the Advantages Aru with tax benefits and Iffru financing.
The Urban Rehabilitation Area (Aru) is a territorially delimited area characterized by buildings, infrastructure, collective use equipment and urban and green spaces of collective use that are in a situation of insufficiency, degradation or obsolescence, calling into question the conditions of use, solidity, safety, aesthetics or health, and that justifies an integrated intervention through an urban rehabilitation operation.
Urban rehabilitation thus benefits from a set of tax benefits enshrined in the law, such as exemption in some taxes:
Municipal Property Tax (Imi) (The benefit is translated into the reimbursement of the amount paid of Imi, by the competent finance service, up to 15 days after communication by the city council of the determination of the state of conservation resulting from the works or the issuance of their energy certification, if this is later.).
Municipal Tax on Onerous Transmissions (Imt) (The buyer of a property can benefit from the exemption of Imt if you want to do rehabilitation works. But they must start within a maximum of 3 years from the date of purchase. You will also benefit from Imt's exemption at the time of the first transmission of the rehabilitated property, if it is intended exclusively for own and permanent housing or rental for own and permanent housing)
Property Tax (IRS) (Private owners may deduct 30% of the charges incurred for urban rehabilitation purposes, up to a maximum of €500).
Corporate Income Tax (Irc) (If the owner is an investment fund, constituted between January 1, 2008 and December 31, 2103, irc income obtained in which at least 75% of its assets are real estate subject to rehabilitation actions in the Aru) will be exempt from Irc.
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