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Selling a Brazilian home and getting the profit back to the United States

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jeffrey398
1/22/2019 07:38 EST

In the next year we plan to sell our vacation home in Recife. Purchased in 2005, it has tripled in value, so we will have capital gains. Our questions: Do we pay capital gains in Brazil or in the United States? How do we get the money back to the United States? And finally, does anyone know a shipping company we can use to bring the contents of our Brazilian home back to the United States? Doing all this makes us sad, but the crime rate in Recife is simply too awful.

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Marlington
1/22/2019 16:08 EST

Hello!

Have you thought about the possibility of buying a house in Florianópolis/SC and move all your stuff here.

This is a safe island-city with beautiful beaches and all amenities. There are very few places in this country where women can jog, cycle or just walk along the motorway by a forest all alone and be OK. In Florianópolis, they can.

Why give up on your Brazilian beach house dream just because Recife is no good?

There is a growing number of foreigners moving to Florianópolis, the state capital city that feels like you are always on holiday. I am sure you will like it.

Think about it!

Margaret Arlington

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EnockUlle
1/22/2019 22:40 EST

In Brazil you'll pay taxes on the transmission of property, usually nothing to worry about. What is most likely to be a headache is the repatriation of funds. Start by checking with either Citibank or Banco do Brasil how much you'd be able to wire internationally.

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DeLeoterio
1/23/2019 06:07 EST

The income tax is 15% on the income unless, and there's some more conditions in it, you use the money to buy another one.

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dfhensley
1/23/2019 13:03 EST

I have a similar problem. Wife says we are too old to make the trips back and forth. I am leaving my apartment in Bombinbas.

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BrazD
1/23/2019 14:28 EST

Folks can see if transferwise.com will work for them.

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expat health insurance from CIGNA

Choosing an expat health insurance provider is an important decision. Get a quote from our trusted expat health insurance partner, CIGNA. With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family.

Learn More Get a Quote

BrazD
1/23/2019 14:31 EST

https://www.expatexchange.com/banking-in-brazil.html

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