New Brazil law on CGT

[royoneill]

I am a UK citizen who moved permanently to Brazil with in 2018.
I bought my family home in the UK in 2004 and it was to be unaffected by Brazil tax when I sold it in the future.
On 31/12/2023 a new tax law came into effect in Brazil removing the exemption for pre owned assets and they now want 15% CGT when I sell, on the whole profit not just the profit from 2015 value like the UK will want.
I am looking for some advice on how to legally ensure I don't pay CGT in Brazil.
Or am I stuck waiting for the DTA to come into force.

[darthblingbling]

The DTA ain't gonna protect you, it'll still be taxable in Brazil.

[AGoodman]

The new DTA will give the UK first right to tax but that will just be a credit against the Brazilian tax liability. If the Brazilian tax is more, you will have to pay them the balance.

[wamstax]

We are mainly UK tax specialists so you would need to get advice from a Brazilian tax adviser for potential mitigation
Bill