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Parliament approved Tuesday, Nov. 27 PS proposal to exempt from the IRS the real estate of people over 65 years and apply the proceeds of the sale to the savings .
The Left Bloc voted against the proposal, but it eventually led to favorable votes by the PS, PCP and CDS. The PSD has abstained.
At present, taxes on real estate gains from their own housing are exempt from the IRS only when they are reinvested in another housing of their own.
From now on, the added value of people over 65 will also be exempted from applying the proceeds from the sale of the home to economies other than housing.
On the other hand, and as Business has already reported, the BE and PSD proposals to penalize real estate speculation through taxation of real estate gains realized by the IRS have been affected.
Parliament has also approved the proposal of the PS which removes the tax benefits of the IRS to those who have received state aid for the purchase or rehabilitation of real estate where they sell over the next ten years.
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