Luxury property in Portugal: more owners are paying AIMI.

In 2022, the state collected €144.08 million in revenue from AIMI, the lowest amount since 2017. Buying houses and other luxury real estate is not affordable for everyone. In addition to high prices, families have to pay more taxes, such as the Additional Municipal Property Tax (AIMI). This tax is levied on those who have purchased properties worth more than one million euros, including houses, building plots and inherited estates. It is true that 84,396 owners had to pay AIMI in 2022, which is the highest number since this tax was introduced in 2017. At the same time, the revenue received by the Finance Authority is the lowest ever.

Data from Revenue and Customs also''show that AIMI covered 551,291 buildings in 2022, down 0.56% year-on-year. At the same time, the tax assessed value (VPT) increased by 0.15% over the year to €31.357 billion, although revenues remained virtually the same (-0.03%).

It was also taken into account that 13,992 private owners had to pay AIMI in 2022 (168 more than in''previous year). At the same time, the value of their real estate was less than 3.4 billion euros (-0.16% compared to the previous year). The amount of revenue from this tax amounted to 30.82 million euros (-0.33%).

In the end, in 2022, the state collected 144.08 million euros in revenues from AIMI, which goes into the Social Security vaults. But this is the lowest amount collected since the tax was introduced in 2017 (incidentally, the highest amount, 154 million euros, was collected that year). In all these years, around 886 million euros of the tax have been collected in Portugal AIMI.