The attachment of Homes and the Real Estate Market

23/08/2013 in Diário de Notícias

The confiscating of houses by the Tax Authority and its sale at auctions, is one way to pay off the debts of taxpayers where taxes were not paid or were illegally detained.

Since the beginning of 2013, the Tax Authorities has confiscated and sold 15,500 houses, an average of 70 per day.

Besides the houses, cars, jewellery and salaries were also pawned bringing in a total of 22,5 thousand goods until August 2013. In 2012, the number was around 39,000 and in 2011 it was 38, 5000.

In the case of cars, 4,400  were sold in between January and August, an average of 19 cars per day. A number that exceeds the quantities in 2011 (1800 cars).

The direct seizing of salaries or bank accounts is another of the ways to “collect” debts to creditors. This process is fast, the tax authority has “an immediate system” that does not need to wait for a court order for execution.


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