Discounts and benefits to remodel Lisbon

RE9 is the name of the program launched last June by the Municipality of Lisbon, which congregates the Order of Engineers and the Order of Architects, a banking institution and several mediators as well as building and materials companies, with the aim of providing very favorable solutions for anyone who intends to remodel homes and buildings.

If you have plans to remodel or make your home more energy efficient, through the RE9 program you could benefit from various tax incentives, obtain technical support from architects and engineers, access a line of bank financing, hire construction companies or acquire building materials at more affordable prices.

These are the main advantages presented by the RE9 program:

• -17% VAT on labor and materials
• 5 years exemption from IMI (Municipal Property Taxes)
• Exemption from IMT (Real Property Transfer Tax)
• Other Benefits Tax (Individual or Business Income Tax)
• Exemption from municipal charges
• More accessible architectural and engineering projects
• Special financing conditions
• Discounts on building materials
• Urban Renewal Highway - faster process

Besides allowing proprietors to renovate at a lower cost, this program presents several advantages for the economy and businesses, providing work to the industry, architects and engineers, the construction and building materials companies involved in rehabilitation in Lisbon, and thus contributing to a more beautiful and valued image of the city.

More at: www.cm-lisboa.pt