They normally do not translate word for word (unfortunately).Persist with the portugese acountant by asking questions e.g is the inventory 100% ok?Are the documents all ok,is there anything missing , how long will this whole process take(in Brasil it's like asking how many trees are in the Amazon!!)Get hold of a native speaking lawyer as you do not speak portugese ) through the consulate or trade and commerce and that just might get it moving slightly quicker .

Unfortunately I am not a driver ,but you could try www.carros.com.br.:)

QUOTE=AlTag2000;77118]Dotty:

Thanks for the response, I will contact the consulate. We do have an accountant who is preparing taxes but he only speaks Portuguese. My wife is fluent but I'm not and would like be able to converse with someone who I understand, It seems like a lot gets lost in the translation when I tried to get answers now when dealing with our attorney.

I understand about the time, we've been dealing with this since last April and we still have additional properties and a car to liquidate.

Any suggestions on how to sell a car down there?

Al[/quote]

I just got this emailed to me:

"Brazil’s Finance Ministry has said that as of Oct. 23, Brazil will lift a 0.38 percent tax and a 1.5 percent tax on financial operations, Reuters reported. The removal of the tax is designed to facilitate inflow of foreign capital investments."

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Capital Gains on real Property:

Although you should use a certified accountant or lawyer you can calculate your capital gains using a free program by Brazilian IRS (Receita Federal). It is "GCAP2008", "Ganhos de Capital 2008". http://www.receita.fazenda.gov.br/Pe...C***2008.htm

Single properties owned for 5 years are exempt to R$440,000. Worst case scenario is that you own more than one property and are cashing out. The capital gains rate is 15% but the bottom line is more like 5-6% of the gross gains. As an example, a property purchased in 1986 for R$5000 selling for R$900,000 in 2008, your capital gains using above program will be R$49560.

Hello,

Basically, the advice that everyone is giving is that one needs to get an account and a good attorney.
We sold some land in Brasil and we want to transfer this money to the USA.

NP,

Is that a question or a statement? If it is a question then the answer is yes.

Rob.

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