The exemption only applies if the requirements referred to in point 2.1 above have been met. That is: (1.) the work must fall within the definition of urban rehabilitation; (2.) energy classification equal to or greater than A or the awarding of an energy class higher than that previously certified, in at least two levels; and (3.) recognition of the exemption by the competent entity, generally the Municipality in the area of the property.

• Under article 71, the acquisition of rehabilitated real estate is exempt from IMI for a period of five years starting from the year in which the rehabilitation was completed. It is possible to renew the exemption for an additional five-year period.
• Urban rehabilitation contracts are subject to a reduced Value Added Tax (VAT) rate of 6%, provided that:

1. It is an urban rehabilitation contract, i.e. a form of integrated intervention on the existing urban fabric, in which the urban and real estate heritage is maintained, in whole or in substantial part, and modernized by carrying out remodelling or improvement works on the urban infrastructure systems, equipment and urban or green spaces for collective use and construction, reconstruction, extension, alteration, conservation or demolition works on buildings, as defined in the Legal Regime on Urban Rehabilitation (DL no. 307/2009, of 23 October);

2. A construction contract has been signed;

3. The property is located in an Urban Rehabilitation Area.

• Income, of any nature, obtained by Real Estate Investment Funds, in accordance with article 71 of the EBF, is exempt from IRC, provided that

1. They are established between January 1, 2008 and December 31, 2013;

2. At least 75% of its assets are real estate subject to rehabilitation actions carried out in urban rehabilitation areas.

• Income relating to investment units in the investment funds referred to in the preceding paragraph, paid or placed at the disposal of the respective holders, whether by distribution or redemption, is subject to IRS or IRC withholding tax at the rate of 10% (with the exceptions set out in the EBF).
• Capital gains earned by IRS taxpayers resident in Portugal are taxed at an autonomous rate of 5%, without prejudice to the option for aggregation, when they derive entirely from the disposal of real estate located in Urban Rehabilitation Areas, recovered under the terms of the respective rehabilitation strategies.

Income from land earned by IRS taxpayers resident in Portugal is taxed at 5%, without prejudice to the option for aggregation, when it derives entirely from the rental of real estate located in Urban Rehabilitation Areas.

The exemption only applies if the requirements referred to in point 2.1 above have been met. That is: (1.) the work must fall within the definition of urban rehabilitation; (2.) energy classification equal to or greater than A or the awarding of an energy class higher than that previously certified, in at least two levels; and (3.) recognition of the exemption by the competent entity, generally the Municipality in the area of the property.

• Under article 71, the acquisition of rehabilitated real estate is exempt from IMI for a period of five years starting from the year in which the rehabilitation was completed. It is possible to renew the exemption for an additional five-year period.
• Urban rehabilitation contracts are subject to a reduced Value Added Tax (VAT) rate of 6%, provided that:

1. It is an urban rehabilitation contract, i.e. a form of integrated intervention on the existing urban fabric, in which the urban and real estate heritage is maintained, in whole or in substantial part, and modernized by carrying out remodelling or improvement works on the urban infrastructure systems, equipment and urban or green spaces for collective use and construction, reconstruction, extension, alteration, conservation or demolition works on buildings, as defined in the Legal Regime on Urban Rehabilitation (DL no. 307/2009, of 23 October);

2. A construction contract has been signed;

3. The property is located in an Urban Rehabilitation Area.

• Income, of any nature, obtained by Real Estate Investment Funds, in accordance with article 71 of the EBF, is exempt from IRC, provided that

1. They are established between January 1, 2008 and December 31, 2013;

2. At least 75% of its assets are real estate subject to rehabilitation actions carried out in urban rehabilitation areas.

• Income relating to investment units in the investment funds referred to in the preceding paragraph, paid or placed at the disposal of the respective holders, whether by distribution or redemption, is subject to IRS or IRC withholding tax at the rate of 10% (with the exceptions set out in the EBF).
• Capital gains earned by IRS taxpayers resident in Portugal are taxed at an autonomous rate of 5%, without prejudice to the option for aggregation, when they derive entirely from the disposal of real estate located in Urban Rehabilitation Areas, recovered under the terms of the respective rehabilitation strategies.

Income from land earned by IRS taxpayers resident in Portugal is taxed at 5%, without prejudice to the option for aggregation, when it derives entirely from the rental of real estate located in Urban Rehabilitation Areas.

The exemption only applies if the requirements referred to in point 2.1 above have been met. That is: (1.) the work must fall within the definition of urban rehabilitation; (2.) energy classification equal to or greater than A or the awarding of an energy class higher than that previously certified, in at least two levels; and (3.) recognition of the exemption by the competent entity, generally the Municipality in the area of the property.

• Under article 71, the acquisition of rehabilitated real estate is exempt from IMI for a period of five years starting from the year in which the rehabilitation was completed. It is possible to renew the exemption for an additional five-year period.
• Urban rehabilitation contracts are subject to a reduced Value Added Tax (VAT) rate of 6%, provided that:

1. It is an urban rehabilitation contract, i.e. a form of integrated intervention on the existing urban fabric, in which the urban and real estate heritage is maintained, in whole or in substantial part, and modernized by carrying out remodelling or improvement works on the urban infrastructure systems, equipment and urban or green spaces for collective use and construction, reconstruction, extension, alteration, conservation or demolition works on buildings, as defined in the Legal Regime on Urban Rehabilitation (DL no. 307/2009, of 23 October);

2. A construction contract has been signed;

3. The property is located in an Urban Rehabilitation Area.

• Income, of any nature, obtained by Real Estate Investment Funds, in accordance with article 71 of the EBF, is exempt from IRC, provided that

1. They are established between January 1, 2008 and December 31, 2013;

2. At least 75% of its assets are real estate subject to rehabilitation actions carried out in urban rehabilitation areas.

• Income relating to investment units in the investment funds referred to in the preceding paragraph, paid or placed at the disposal of the respective holders, whether by distribution or redemption, is subject to IRS or IRC withholding tax at the rate of 10% (with the exceptions set out in the EBF).
• Capital gains earned by IRS taxpayers resident in Portugal are taxed at an autonomous rate of 5%, without prejudice to the option for aggregation, when they derive entirely from the disposal of real estate located in Urban Rehabilitation Areas, recovered under the terms of the respective rehabilitation strategies.

Income from land earned by IRS taxpayers resident in Portugal is taxed at 5%, without prejudice to the option for aggregation, when it derives entirely from the rental of real estate located in Urban Rehabilitation Areas.