Brazil tax aids property investment plans
People looking at investing in Brazilian property have been told that the country’s tax system is reasonable compared with other countries.
A spokesperson for the commercial section at the Brazilian embassy said that it is obvious from the number of people that have invested in property in the South American country recently that tax is not having a large effect.
"[You can tell by] the amount that has been invested and the amount of people buying property as an investment … or even people who are looking for a second home or just a holiday home to buy, especially in the north-east [that the tax isn't a problem]," he added.
The spokesperson also advised people looking at Brazilian property that research needs to be done into the taxation system before moving out to the country.
He stated that investors should get in touch with a lawyer with experience and offices in Brazil but which gives representation in the UK, adding that any move abroad "can be confusing".
Earlier this week, Shelter Offshore advised people looking for property investment opportunities that Brazil was an ideal location.
