The Tax team prepared a note regarding the State Budget for 2021 and the most relevant measures for the real estate sector:

■ IMT (Real Estate Transfer Tax) – Acquisitions of Shareholdings
■ IMI (Real Estate Municipal Tax) and IMT (Real Estate Transfer tax) – Indirect Investments in Offshores
■ IRS (Personal Income Tax) – Capital gains in case of allocation of real estate to private use or to business activity and subsequent sale to a third party

Ana Pinto Moraes
Coordinator of the Tax team