Tax question for investor visa

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MasonS New member

Member since 09 May 2018

MasonSNew member09 May 2018 23:21:29

Hello all,

My first post here but I've been a frequent browser of the forums for a few years now.

I've also posted this in the Visa section.

My question is, if someone was to apply for a permanent visa via the investment route eg. Real estate investment method - would they be liable for tax on their worldwide income, or only on the income from the Brazilian investment?

jparo New member

Member since 19 November 2018

jparoNew member19 November 2018 16:15:13

It really depends on the country you're from. If you are US citizen, yes, you would have to pay on worldwide income. But we have a tax equalization agreement with Brazil. Which basically means all taxes paid brazil would be credited towards your pay due in the US. If your tax liability is greater in brazil, you'd owe nothing in the us, but if it was less in brazil, you'd owe the difference.

Ikexplorer Active member

Member since 10 October 2018

IkexplorerActive member19 November 2018 16:33:56

Hi,

Does this also apply for UK citizens or are the rules different?

Thanks in advance

jparo New member

Member since 19 November 2018

jparoNew member19 November 2018 17:25:43

I'm not familiar with UK law.

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