Non-residents individuals do not pay income tax on gains from Brazilian real estate funds
As long as the real estate fund abides by a few conditions, such as having at least 50 investors, gains arising from it and paid to individual investors who reside abroad are exempt from income tax in Brazil.
To be eligible for this tax break, the non-resident investor must not own more than 10% of the quotas in the fund. However, the benefit applies even when the non-resident investor is based on a low tax jurisdiction.
