I am sitting on my porch here in Natal with a brilliant blue sky,temperature hovering around 30degrees,cool off shore breeze and we are in the depths of winter right now!How great it is to live near the equator...
Most of the overseas clients we meet looking for a brazilian beach property want the same thing,sun,sand laid back lifestyle and a great sea view,60-70% of our clients come here to buy oceanfront property and a fair percentage end up doing just that.It doesn`t have to cost a fortune either.We have sold beachfront homes in Natal for as little as $30,000 over the past 5 years.Let`s not get into the selling of brazilian property here though.....
I would like to enlighten you a little more on the logistics of buying and transferring beachfront property here in Brazil.
I covered the purchase process in the past postings.....http://brazilbeachhouse-wwwbrazbeachhousecom.blogspot.com/2011/07/how-to-buy-property-in.html
There is an additional step plus tax to pay when claiming ownership of beachland.
Brazil has a coastline of over 7000kms and technically all beachfront land belongs to the navy.This came about in the 1850`s when the country was on a war footing and needed to commandeer territory to launch attacks by sea.Times have changed over the past 160years,the law has not.The good news is that you are able to lawfully own and occupy beachfront land by paying a one off tax at purchase and a yearly tax on occupation.
The transfer tax (laudemio)of 5% is calculated on the value of the property(as evaluated by the local municipality)
The tax slip can be emitted on-line by going to the marine department site;
http://atendimentovirtual.spu.planejamento.gov.br/Transferencia/Transf_Menu.asp
You just need to type in the registration number(RIP) plus value of property and this tax will be calculated automatically.After paying this at Banco do Brasil you must wait around 10days for the payment to clear and can then take the receipt to the notary office for them to draw up the deed.
After the paperwork is finalized and deed publicly registered...there is a further step that is often overlooked...I know because I have been guilty of overlooking it in the past!
The property needs to be transferred through the marine department before you can gain absolute legal ownership.You need to go back to the marine office and fill out a form with all the details of the buyers,sellers,characteristics of the property etc.You also need to bring a batch of authenticated/notarized documents for your application.Providing all is in good order your process is sent to Brasilia and registration confirmed within around 90days.
This is a very basic guideline to the process of transferring beachfront land in Brazil.For more in depth information please contact me via my contact details below.
Right now the sunshine is drawing me out the the beach but alas there is plenty of work still to do before the day ends!Mike Smith
Real Estate Professional in Brazil
License number;3125
Tel; NATAL,BRAZIL
Office ; 0055 84 3225 2108
Cellular; 0055 84 8807 5651
SKYPE ; mikebrazilbeachhouse
E-mail ; mike@brazbeachhouse.com
Website; http://www.brazbeachhouse.com/
Facebook;
http://www.facebook.com/pages/Natal-Brazil/Brazil-Beach-House/126654720715275
http://brazilbeachhouse-wwwbrazbeachhousecom.blogspot.com/
