The Mais Habitação Programme contains a law that suspends the deadline for reinvesting capital gains for a period of two years.
If you sold your house and only managed to invest its value in another home after the legal deadline to benefit from the IRS exemption on these amounts, you may be able to obtain an exemption on the capital gains of the value in question. To benefit from this exemption, you need to contact the Tax and Customs Authority (AT) from April 2024.
This is because one of the laws of the Mais Habitação (More Housing) programme provides for the suspension of the deadline for reinvesting capital gains for two years from 1 January 2020, which means that it starts counting from 2 January 2022.
According to the AT, in order to benefit from the exemption, you must submit a replacement personal income tax return or file a complaint against the fact that the AT has assessed the personal income tax. You can also make a "request for review of tax assessment acts" within three years of the tax act, using "serious or notorious injustice" as a basis.