TAXES AND OTHER EXPENSES ON REAL ESTATE

TAXES AND OTHER EXPENSES OVER THE REAL ESTATE TRANSACTIONS

– ITBI (Tax over Real Estate Transmittal): municipal tax of 2% over the Real Estate value;

– Fee-farm rent (“Laudêmio”): tax over transmittal of 5% due to Service Union Heritage, only when it is referred to Navy Lands. It must be checked in the if a Real Estate belongs to Navy or not;

– Real Estate Profit Tax: if there is profit in a Real Estate sale (difference between the purchase price and the price which was sold mentioned in the deeds) there will be a taxation of 15% over the profit (there are exceptions);

-Deed Engrossment: value collected by the Notary of Deeds and Documents to make the deed;

– Deed Registration: value collected by the Official of the Real Estate Registration to register the deed in the Real Estate General Registration (RGI).