Would anyone happen to know under what circumstances one would have to pay capital gains tax as a non-permanent visa holder in Brazil if one planned to sell one's flat abroad (no double-taxation agreement) ?
Only if sold with a profit ? Only if the sale price exceeds a certain sum ? Not at all if the purchase of the flat abroad already exceeds a specific number of years ?
Would be very grateful for useful information.
Thanks in advance and with best regards,
Michael. .
Selling a flat abroad - taxable in Brazil ?
Polvano
15 June 2013 05:26:11
2
James
15 June 2013 12:08:12
11272
The question is did you use Brazilian earned income at any time in order to purchase the flat?
If you didn't then you should not pay taxes on the sale in Brazil. You will have to pay taxes in the country of your origin if they have a capital gains tax on property.
It becomes much more complicated if you used Brazilian earned income to purchase the flat and in that case you really should seek the advice of an accountant specializing in taxes.
Cheers,
William James Woodward - Brazil Animator, Expat-blog Team
Polvano
15 June 2013 14:29:05
2
Hi William,
Thanks a lot for your reply. I did not use any income emanating from Brazil at the time of buying the flat, so I suppose I will only have to look into taxation in my home country.
Best regards and thanks again,
Michael.
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