Brazil Owners: Introduce Yourselves!!

[lagarto]

Originally Posted by Mineiro

Well do know what Rob you're probably right. However if you care to pick at little details instead of answering the main question then I suppose that speaks volumes for you. Little things please etc.

Probably right .... should be definately right.

Little details ... should be facts.

You really should visit the places you are commenting on or maybe have a vested interest instead of knocking those who do actually live here, invest here and provide positive input and facts on this forum.

My 5 year old son says that little things please.... but sticks and stones my friend should not be thrown...especially when you were the one incorrect and corrected. That to me speaks volumes.

[robh]

Originally Posted by Mineiro

Zen Spa Properties
"Innovative Norwegian design combined with Brazilian rustic charm"- in other words Ikea on the beach.
119000 pounds for a semi detached villa that so far hasn't been built. I wouldn't say that's "well under market value", especially when you can buy a Terravista golfing villa on a golf course that actually exists with 4 bedrooms for slightly more.

Since I bought one of them myself and stood on site ten days ago watching them being built I am not sure what you are talking about.

[Dotty]

Hi Mineiro,

Costa do Sauipe was heavily promoted as far back as 2000-by Unijet when they were trying to get the N.E off the ground (you may remember them) until the company folded .
Not much has changed since then as Unijet never got moving,Thomson's package holiday's have been and gone in Natal -which was one of the most heavily promoted regions in Brasil for overseas investors . I get the feeling that the Brasilian estate agents are focusing on their Brasilian customers to invest in Natal,of course there are joint ventures,but it is not so easy without the flights coming in ,fewer flights,fewer sales .
As for making a quick buck,not cheap by any means .Simple eg buy for 100,000 pa 7% to register(not bad) sell for 150,000-200,000 pay 5 % commission and a further 15% in capital gains tax (if you do not reinvest in Brasil within 5 mths)so already has been eaten 20% and if you care to move money out of Brasil (which is often the case) another 15%, so work that out a hugh 35% taken straight away and not to forget the other tiny taxes in between approx 2%.

If I did not have strong links with Brasil would I invest here? The honest answer would be no .


From

Originally Posted by Mineiro

Coqueiro, first of all Costa de sauipe is south of Praia do Forte and secondly I don't need calming down . I have no coastal property and have no personal interest in this matter. However I don't agree with the salesmen and co who are constantly overhyping Brazil purely for their own financial benefit. I love living here in Brazil but I wouldn't want to deceive people into investing here in Brazil if they weren't going to live here full time and were looking for substantial property increase. Brazil's a great place to live but it's not a great place to make a quick buck investing in off plan properties. Sorry if you thought I was being agressive but the amount of **** that's being touted on this site is quite remarkable.

[davehoskings]

Originally Posted by Dotty

Hi Mineiro,

Costa do Sauipe was heavily promoted as far back as 2000-by Unijet when they were trying to get the N.E off the ground (you may remember them) until the company folded .
Not much has changed since then as Unijet never got moving,Thomson's package holiday's have been and gone in Natal -which was one of the most heavily promoted regions in Brasil for overseas investors . I get the feeling that the Brasilian estate agents are focusing on their Brasilian customers to invest in Natal,of course there are joint ventures,but it is not so easy without the flights coming in ,fewer flights,fewer sales .
As for making a quick buck,not cheap by any means .Simple eg buy for 100,000 pa 7% to register(not bad) sell for 150,000-200,000 pay 5 % commission and a further 15% in capital gains tax (if you do not reinvest in Brasil within 5 mths)so already has been eaten 20% and if you care to move money out of Brasil (which is often the case) another 15%, so work that out a hugh 35% taken straight away and not to forget the other tiny taxes in between approx 2%.

If I did not have strong links with Brasil would I invest here? The honest answer would be no .


From

I tell you really don't have any experience in Brazil since you have got the taxes totally wrong.

[robh]

Originally Posted by Mineiro

Well do know what Rob you're probably right. However if you care to pick at little details instead of answering the main question then I suppose that speaks volumes for you. Little things please etc.

Mineiro,

I am not sure misplacing a town is a little detail, you cannot criticise a place and then not know where it is.

What is the main question? You think all coastal property investment is a waste of time which is an opinion you are entitled to. You can keep on thinking that whilst my clients and me keep making money.

Regards,
Rob.

[robh]

Originally Posted by Mineiro

Zen Spa Properties
"Innovative Norwegian design combined with Brazilian rustic charm"- in other words Ikea on the beach.
119000 pounds for a semi detached villa that so far hasn't been built. I wouldn't say that's "well under market value", especially when you can buy a Terravista golfing villa on a golf course that actually exists with 4 bedrooms for slightly more.

Here is a photo of the development which "so far hasn't been built".

I also doubt you even know what market value is?

[Dotty]

Oh how funny,I've been living here for the past 9 ,invested for the 1st time 17 yrs ago and I have no idea of the tax system.Would you like to elaborate on the Brasilian tax system,may be of interest to buyers and sellers!

Originally Posted by davehoskings

I tell you really don't have any experience in Brazil since you have got the taxes totally wrong.

[davehoskings]

Originally Posted by Dotty

Oh how funny,I've been living here for the past 9 ,invested for the 1st time 17 yrs ago and I have no idea of the tax system.Would you like to elaborate on the Brasilian tax system,may be of interest to buyers and sellers!

For a start your tax figure is at least 15% too high. But since you claim to have all this experience with Brazilian tax, maybe you should name all the taxes you are talking about.

[Dotty]

Would you like to point out why it is 15% too high .You may like to also go into Receita Federal and Impostas/Pagamentos na Cartorios,Banco do Brasil and also see a good accountant or lawyer if you have doubts about taxes in Brasil.They will put the record straight .

Happy researching.

Originally Posted by davehoskings

For a start your tax figure is at least 15% too high. But since you claim to have all this experience with Brazilian tax, maybe you should name all the taxes you are talking about.

[davehoskings]

Originally Posted by Dotty

Would you like to point out why it is 15% too high .You may like to also go into Receita Federal and Impostas/Pagamentos na Cartorios,Banco do Brasil and also see a good accountant or lawyer if you have doubts about taxes in Brasil.They will put the record straight .

Happy researching.

Ok since it is getting pretty obvious you have no idea what you are talking about I will explain.

When you sell your property you will be taxed 15% CGT, this tax is only on the profit you have made not on the original capital you invested.

Add 1 or 2% for transfer taxes, exchange fees etc.

This is nowhere near the 35% you claim.