Prédio rústico (rural property)
Prédio rústico Rural property
Rural properties are, as a rule, land outside an urban area that should not be classified as building land and whose normal use generates agricultural, forestry or livestock income. Certain land inside an urban area also counts as rural where that is the only use allowed and the use is actually made of it. The classification decides how the taxable value is calculated and which taxation applies.
In practice
Anyone buying land intending to build should confirm the classification on the caderneta predial before the promissory contract: rural land does not become building land because the buyer wants it to.
The difference shows up in the bill. Rural property has its own IMI rate and its own IMT table, and falls outside AIMI, which only reaches urban property. Property with both a rural and an urban part is taxed on each part under its own rule, and its taxable value is the sum of the two. Buildings directly serving farming, forestry or livestock on such land count as rural too.