The Municipality of Braga will make the first amendment to the Tax Benefits Regulation, with the aim of providing significant support and incentives for young people residing in the municipality to acquire their own housing. The measure will be analyzed today at the municipal executive meeting, which will take place at the Sé Parish Council.
The changes include the reimbursement of 25% of the Municipal Tax on Onerous Property Transfers (IMT) for young people between 18 and 35 years of age, who acquire urban buildings or autonomous units intended exclusively for their own permanent housing. This refund will also apply to couples or co-owners, as long as one of the purchasers is up to 35 years old and the other is not over 40 years old.
To be eligible, applicants cannot own any other urban building or autonomous unit intended for housing in the municipality of Braga. Furthermore, a 25% IMT refund will be granted as long as the acquisition value does not exceed the following typology limits: T1: 200 thousand euros; T2: 250 thousand euros; T3: 300 thousand euros.
After recognizing the right to support, the Braga City Council will refund 25% of the tax paid, deducting the value of the costs incurred with the settlement and collection of that tax by the Tax Authority. In addition, young people will have the opportunity to receive a contribution of 50% of the cost of the construction/reconstruction project, up to a maximum amount of 1,000 euros, as long as the project is intended exclusively for their own permanent housing within the Municipality of Braga.
These measures aim to provide young people living in Braga with greater accessibility to own housing, thus promoting the development and well-being of the community.
Also at this executive meeting, the new regulation on the Granting of Rights and Benefits to Protection and Relief Volunteers will be voted on. This regulation, of a social nature, aims to recognize, value and protect the important work carried out by volunteers for the benefit of the community, on a voluntary basis.
“This initiative represents a significant step in municipal social policy, demonstrating recognition for the dedication of the men and women who commit themselves daily to civil protection missions, often putting their lives at risk to safeguard populations and heritage”.
According to the regulation, Volunteer Firefighters, Volunteers of the Red Cross Emergency Operational Structure and Operational Volunteers of Local Civil Protection Units are considered Protection and Relief Volunteers.
