He was in doubt when filling in his statement of Income Tax 2025? THE Infomoney help you, with the help of accounting and tax experts. Just send your question to the email Ir@infomoney.com.br. The messages will go through a screening, and the selected will be answered here on Infoomoney’s website and social networks.
Check out the reader’s question about IR:
Doubt: I received, through an aunt’s inheritance, the value of the sale of a property in Spain. The result of the Euro/Real conversion was made through a exchange rate contract with Banco do Brasil and deposited in an application in the same bank. I would like to know if this value of the conversion will have the tax incidence when I make my declaration of IR, or if it is exempt from taxation, because I imagine that the taxes referring to the sale have already been collected in the country of origin, as it seems to me that Brazil and Spain have a taxy agreement.
Answer, by Charles Gularte*:
“The goods and rights inherited abroad are exempt from income tax, regardless of the country of origin, but taxed by the transfer tax and donation (ITCMD), whose tax rate and rules vary according to the State where the taxpayer resides in the IR declaration, the amounts received must be declared in the exempt and non -taxable income.
*Executive Vice President of Services to Customers of Contabilizei
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