What are the tax implications for selling property in Brazil?
I'm an Australian & in the process of selling a house & 2000m2 of land in the state of Goais, Brazil. Do I have to pay any tax to the Brazilian Government upon completion of the sale?...
I'm an Australian & in the process of selling a house & 2000m2 of land in the state of Goais, Brazil. Do I have to pay any tax to the Brazilian Government upon completion of the sale?
cisne n.egro |
When someone sells a property in Rio de Janeiro depends at the place that it will be sold, it usually happens on the property the "Tax of Transmission of Immobile property" in the value of 2,5% on the value of the property and it is paid to the city hall. If the property is until 1,5 Km of the sea pays her 5% of tax the Navy. If the property is FOREIRO, in other words, If he is located in lands that belong to Brazilian Royal family or the Catholic Church pays LAUDÊMIO that is 5% of the value of the transaction, for to Royal family or to Vatican. For who sells if the value of the sale is larger than the value that he bought the property and he had declared in the declaration to the Income tax he will pay on the value of the difference a tax that had depended on the value of the "Real estate profit." Haul of that the registry office taxes exist a deed cost + - R$ 580,00. If you are selling will only have to pay the Income tax on the "real estate profit." |
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