The Government said this week that it was studying measures to support families with the payment of the house to the bank and, according to Correio da Manhã (paid access), this could involve deducting the interest on mortgage loans from the IRS, extending, thus, something that is already possible, but only for contracts made until the end of 2011.
In the State Budget for 2012, under the Passos Coelho government and by imposition of the troika, the deduction of interest on the house in the IRS was limited to contracts concluded until the end of 2011 and housing expenses were reduced from 30% to 15% of the its value. Now, more than a decade later, with interest rates soaring, António Costa's Executive is studying extending this possibility to contracts signed after that date.
According to the CM, if it is necessary to support families with housing credit, this will probably be a hypothesis to be used. From 2012 to 2021, banks signed with individuals around 663 thousand new credit agreements for the purchase of a house, which is the potential universe of beneficiaries if this measure actually advances.
Another hypothesis on the table is the possibility of giving families a moratorium similar to that of the critical period of the pandemic, as the vice president of the PS bench, Carlos Pereira, admitted this Friday to Renascença. The deputy added that Portugal is defending the measure in the European Union, but the green light from the European Central Bank is lacking. “We don't have the capacity to put domestic policies on this issue already,” he said.
Font: Eco Sapo