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Tax specialist Serena Cabrita Neto comments on proposal to increase IRS tax deductions for landlords

16/09/2014

Serena Cabrita Neto, a partner in PLMJ’s tax practice, has spoken to the newspaper Diário Económico about the proposal by the commission for reform of IRS (personal income tax) to increase the IRS tax deductions available to landlords.

The PLMJ tax specialist believes the proposal is advantageous to landlords as it “allows them to deduct more expenses than previously (by not limiting expenses to “conservation or maintenance”). In her opinion, this “opens the door to deducting, for example, municipal taxes (sewer taxes and others), energy certificates, insurance policies, and electricity, water and other costs of the property when paid by the landlord”.

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