J
Jer
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Anyone have any information regarding obstacles to owning beachfront land?
Property rights? Marine tax? Building restrictions?
Thanks.
Property rights? Marine tax? Building restrictions?
Thanks.
Anyone have any information regarding obstacles to owning beachfront land?
Property rights? Marine tax? Building restrictions?
Thanks.
5% of the "valor fiscal" (fiscal value),which is normally much lower than the sales price?I own a fairly large tract of beachfront land. Property rights are the same as other lands. You do have an additional tax...."terreno da marinha", it comes out to be around 5% at title exchange, the yearly tax is minimal. The only building restrictions outside of the normal ones are you must get building approval from Ibama (fed) and your state environmental regulatory agency, here it's Adema. And you can't build on the initial 20 meters or so in front of the beach.
It's 5% of the value that is on the deed. If you buy a piece of beach front property for 1,000,000 reais, and 1,000,000 reais is the value on the deed, you pay 50,000 reais only for the "terreno da marinha" tax. There is approximately another 3% total of other taxes that you will have to pay as well. So, at title exchange, the purchaser will be obliged to pay approximately 8% of the value on the deed in tax.5% of the "valor fiscal" (fiscal value),which is normally much lower than the sales price?
I think that might be over simplifying it a little - it might be 20 meters or 220 meters. Depends on where the 'build line' is, in front of which it is illegal to construct any permanent structure. Should the sea reclaim the street in front of you, you are obliged to reconstruct it or donate part of your 'private beach' or marina area back to the community so that it can be rebuilt.
It's 5% of the value that is on the deed. If you buy a piece of beach front property for 1,000,000 reais, and 1,000,000 reais is the value on the deed, you pay 50,000 reais only for the "terreno da marinha" tax.
Cheapest price I've heard of was three years ago - a guy swapped a fridge for a plot of frontline beach land - don't know the size of the plot though and could be an "tall story". Sounded like it until I saw the below:Hi Guys what price does does small plots of land start from lets say 500 meter start in North Brazil areas, I mean the cheapest prices you have seen?