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Request for IMI Exemption

In 2015, you may apply for exemption from “IMI” (Property Rates) if you purchase a property (whether a villa or an apartment) as a permanent residence, provided that the rateable value (“VPT”) of the property does not exceed €125,000. In addition, it is necessary that the household has a total income tax base for personal income tax purposes (IRS) of less than €153,300. If taxpayers meet these criteria, they will qualify for an exemption for a period of three years.

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