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Sale

Reinvestment of capital gains: Tax Authorities detect almost 4,900 flaws in the sale of real estate

1 ИЮЛЯ 2022
Темы
Imóveis Mercado Imobiliário Autoridade Tributária e Aduaneira Destaque Notícia Homepage Mais-Valias
These are reinvestment controls on real estate capital gains that targeted tax returns for the 2017 tax year and resulted in additions to gross income subject to IRS of €93.4 million.
Reinvestment of capital gains: Tax Authorities detect almost 4,900 flaws in the sale of real estate
This data is included in the report on the fight against tax and customs fraud and evasion for 2021 that the government sent to parliament, with the statement pointing out that these are additional assessments due to the fact that taxpayers have registered their intention to reinvest and have not reinvested all or part of the realisation value obtained from the sale of property within the deadlines set by law.

The 93.4 million euros of additional assessments revealed compare with "the increase in gross income taxed last year, for the same reason, and which corresponded to 49,993,267 euros.

The document also says that in 2021 tax benefits worth 1.8 million euros were terminated to 665 companies due to the existence of tax debts.

That total includes 71 situations of benefits relating to income deductions (amounting to 1.1 million euros), 26 associated with deductions to the collection (in 155 thousand euros) and 568 with reduced rates (amounting to 539 thousand euros).

Still regarding the latter group, the document points out that most had to do with "the termination of the benefit to companies based in inland regions and the remaining to entities licensed to operate in the Madeira Free Trade Zone.

Темы
Imóveis Mercado Imobiliário Autoridade Tributária e Aduaneira Destaque Notícia Homepage Mais-Valias
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