Legal & Financial
Legal Advice by Manzares International Lawyers
To ensure complete peace of mind for this investment opportunity, Manzanares International Lawyers advises that there are some key issues to consider when buying property in Brazil.
Foreign Ownership
- Under Brazilian law, foreigners are permitted to buy, own and rent property in Brazil and are entitled to almost the same rights as Brazilians regarding property ownership and tenant rights.
Tax Identification Number (Cadastro de Pessoa Física/CPF)
- All foreigners who purchase property in Brazil require a tax identification number known as the cadastro de pessoa física (CPF). The CPF allows identification of the buyer for tax and registration purposes and is obtainable from the Brazilian tax office. Manzanares will apply for a CPF on your behalf.
Capital Gains Tax
- Brazilian non-residents are subject to capital gains tax or withholding tax on profits made from the sale of property in Brazil. Withholding tax is levied at 15%, except when double taxation treaties provide for tax relief. However, when profits are remitted to a tax haven (Brazil regards any country or territory with income tax rates below 20% as a tax haven), withholding tax is levied at 25%.
For more information on all legal and financial aspects to buying real estate in Brazil visit our client pages.
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