Building to rebuild with 2.150m2, very well located in the center of Funchal, with project for 31 apartments typology T1. This building fits into the area with tax beneficiaries (ARU and IFFRU).
ARU benefits with IFFRU tax and financing benefits.
ARU: IMT exemption, VAT 5%, Perdias and Capital Gains 5%, IMI Exemption 3+5 years, reduction permit fees up to 70% (see CMF website).
IFRRU: Financing up to 100% of rehabilitation and projects, term up to 20 years, grace period up to 4 years, reduced interest, etc. (see program).
Don't miss this opportunity.