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When declaring their Income Tax 2025, many taxpayers have doubts about how to report transactions involving real estate and automobiles. Some may think that because they have sold a given asset they do not need to declare it on their Income Tax return.
To avoid being caught in the fine-tooth-comb review (malha fina) or incurring fines and penalties, the taxpayer must pay attention to the specifics of how to declare the sale of real estate on the Income Tax 2025 return.
Check here the website of the Federal Revenue Service (Receita Federal) and the main information that can be obtained there.
In the case of the sale of real estate, the taxpayer must declare the transaction so that the Federal Revenue Service can verify whether there was a profit. Even in cases where there is no capital gain, it is important to provide the data on the annual form, even if no tax is recorded.
What is the amount to be paid for the sale of a property on the Income Tax 2025 return
According to Juliana Assolari, partner at Lassori Advogados, the base rate is 15%, but it may be higher depending on the value of the gain.
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However, there are situations of exemption, such as:
- Sale of a single property for up to R$ 440 thousand, provided that the taxpayer has not carried out another sale of a property in the last five years.
- Use of the sale amount to acquire another residential property in Brazil within 180 days, in accordance with the rules established by the Federal Revenue Service.
It is essential that the amount due on the Income Tax 2025 return be paid by the last day of the month following the sale, by means of a DARF (Federal Revenue Collection Document / Documento de Arrecadação de Receitas Federais) issued by the GCAP program, thus avoiding fines and interest. The progressive rates of the Tax on Capital Gains are:
- Up to R$ 5 million: 15%
- From R$ 5 million up to R$ 10 million: 17.5%
- From R$ 10 million up to R$ 30 million: 20%
- Above R$ 30 million: 22.5%