Wednesday, September 19, 2007

Understanding IMI

Can anyone tell me the meaning of the following word which appears regularly from pages 8 - 13 of the module on Fiscalidade no Imobiliario?

'afectação'

I know Daniel hasn't given out definitive copies of this module yet, but it does appear here on the campus.

Many thanks.

Jenny

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Better late than never, right?

I believe you now know the meaning of "Afectação".

It means attachment; Relating an object to something, very much like a a toy such as a teddy bear gains meaning and life - hence, affection - in a young child's eyes.

It is used the this context to relate property to the use it is give: Commerce, Housing, Industry, etc.

This coeficient is then joined by the others to help achieve and diferentiate properties, making VPT a more realistic and balanced value to assist in the calculation of both IMI and IMT.

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