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Taxation of real estate capital gains realized by tax residents and the reinvestment


The taxation under Personal Income Tax (“PIT”) of capital gains obtained with the sale of real estate may vary, depending on the taxpayers’ tax residency status. For those who are considered as tax residents, there are tax benefits, namely the consideration of only half (50%) of the value of capital gain and the possibility of the gain being excluded from taxation, provide the realization value is reinvested, whether in the acquisition of another property or in the purchase of financial products, such as life insurance contracts, individual adhesion to pension funds or contributions to the public capitalization regime, all under certain specific conditions.