Dave ,
Might I suggest that you read this as it may help you.It has certainly helped me and he was able to give figures to help too!
Quote:
Originally Posted by PAUL-brasil
Dotty,
1) If you sell after 5 years of ownership of the property and it is the only property you own in Brazil, and the property sale is under R$440,000 then it is tax free on Capital Gains.
2) Regardless of when you sell or the amount of sale, if you reinvest within 6 months the full amount then this would also be tax free. If you reinvest with the 6months but under the full total sale price, you may pay some CG tax but can be offset against your new investment.
3) You can also claim back 4% a year on de- appreciation for every year you have owned the property against any CG.
Regards
Paul
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