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Old 07-01-2008, 08:41 AM
JMBroad JMBroad is offline
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Join Date: Jun 2007
Location: Natal, Brazil
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Quote:
Originally Posted by RalphJ View Post
I own a fairly large tract of beachfront land. Property rights are the same as other lands. You do have an additional tax...."terreno da marinha", it comes out to be around 5% at title exchange, the yearly tax is minimal. The only building restrictions outside of the normal ones are you must get building approval from Ibama (fed) and your state environmental regulatory agency, here it's Adema. And you can't build on the initial 20 meters or so in front of the beach.
5% of the "valor fiscal" (fiscal value), which is normally much lower than the sales price?
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