Thursday, September 17, 2009

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About Buying a Property in Brazil

Foreigners are allowed to buy property in Brazil. Brazilian law does not make any difference between Brazilians and foreigners with regard to the ownership of the property and rights acquired with the purchase on it. Foreigners are only limited in certain transactions dictated by national security in border areas or large area. Foreign governments can not own land or property unless those required to accommodate its diplomatic representation in Brazil. See: Constitution of the Federal Republic del Brasile, articolo 5, paragrafo XXII
In un qualsiasi Cartorio e successivamente (stesso giorno o giorno dopo) si registra
l’ immobile nel Registro dove l’immobile e’ iscritto.
NB: Cartório è l’ufficio di un notaio
Subito dopo aver effettuato l’atto dal notaio, se si paga in un unica soluzione. Se l’acquisto viene dilazionato, si riceverà il Titolo di Proprietà al pagamento del saldo. Per l’acquisto è necessario il passaporto valido e in tutti gli stati è richiesto anche possedere il CPF (Cadastro das Pessoas Físicas). Il n° di CPF si ottiene facilmente in 2 giorni in Brasile.
CPF (Cadastro das Pessoas físicas) is a personal identification number that is used for all documentation and registration of any financial transaction in Brazil (for example, buy a property, open a bank account etc ...)
Verify that the property is debt free IPTU sure that taxes are paid. The checks can be made at the "Prefeitura" (Town Hall), indicating the "number do contribuinte" (number of the taxpayer)) that is in the "Matrícula" of the property. However certificates of registration and 'IPTU must in any case be submitted by the seller and the notary public before they have not been paid you can not go to the "Escritura Publica" (notarial deed), so you can not cheat. Only a tax called

IPTU, virtually tax on the possession of approximately 0.2% of the declared value of the municipal preifetura the IPTU is payable once a year.

Any earnings from property is taxed in the country where it is located. There are in fact the OECD agreements to avoid double taxation to which they subscribe, contracts between Italy, Brazil and Argentina. In any case, any income should be included in the RW line of your tax return. If the IRS audit that fees have been paid in one of the two countries is no taxation in Italy. But where should pay taxes? Please note that in Italy to individuals with an income from land and buildings at a rate ranging from 23 to 43 percent. While in Brazil the rate for non-residents is 15 to 27.5 percent.




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