G
growler
New Member
Like many people I bought a property in Brazil but the money didn't come into the country because the seller didn't have a permanent visa so didn't have a bank acct.
I know now that the correct thing to have done was to send it through the central Bank however I wonder if there is anyone who has personal experience and/or knowledge of this situation. I am not planning to leave Brazil at the moment but it could be a possibility in the future and I would then need the money in the UK.
I recently changed accts to a guy who seems very "on the ball" and he has said the money should have come into Brazil but the fact it hasn't isn't a major problem in itself. He said I would have a problem in that I would have to pay CGT (probably 20%) on the profits (which I expected anyway)
Can anyone help here pse?
I also have a second question, something that was touched on in the "sticky" on "Basics."
It was said that CGT was usually charged at 15% but with reductions could be reduced generally to about 6 or 7%. How is this done? I gather improvements to the property is deductable but is there anything else?
I know now that the correct thing to have done was to send it through the central Bank however I wonder if there is anyone who has personal experience and/or knowledge of this situation. I am not planning to leave Brazil at the moment but it could be a possibility in the future and I would then need the money in the UK.
I recently changed accts to a guy who seems very "on the ball" and he has said the money should have come into Brazil but the fact it hasn't isn't a major problem in itself. He said I would have a problem in that I would have to pay CGT (probably 20%) on the profits (which I expected anyway)
Can anyone help here pse?
I also have a second question, something that was touched on in the "sticky" on "Basics."
It was said that CGT was usually charged at 15% but with reductions could be reduced generally to about 6 or 7%. How is this done? I gather improvements to the property is deductable but is there anything else?