Transfer money from USA to Brazil friend tax?

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Golsucks Active member

Member since 18 November 2020

GolsucksActive member18 November 2020 17:19:43

Hello
I bought a house with my Brazilian girlfriend. I transferred money from the USA using transfer wise to my gf’s Brazilian account to pay for the house.
Will this money be taxable to her?
Michael

Texanbrazil Brazil Advisor

Member since 10 February 2018

TexanbrazilBrazil Advisor18 November 2020 19:02:47

2744

I guessing, yes. Have her speak with an accountant.

Golsucks Active member

Member since 18 November 2020

GolsucksActive member19 November 2020 10:27:02

Yes. Thank you

English Penguin Contributor

Member since 08 October 2020

English PenguinContributor20 November 2020 17:17:08

123

Just before I moved here, I was sending my wife, then girlfriend, a lot of money via trasnferwise. All she had to do was prove the money was already taxed, which it was in the UK, and everything was fine. The only problem was it disqualified her from being a dependant I believe, if that could be an issue.

Golsucks Active member

Member since 18 November 2020

GolsucksActive member23 November 2020 10:59:47

Thanks. My girlfriend is not a dependent so okay there.
Not quite sure how you demonstrate that the money is taxed. Can you explain?
MO

English Penguin Contributor

Member since 08 October 2020

English PenguinContributor23 November 2020 12:44:57

123

You need to show your tax records in the country the money originates basically. I showed my tax returns to her accountant as a precaution if she ever got audited. So far it hasn't happened though but it's probably a good idea to have that info handy just in case.

Golsucks Active member

Member since 18 November 2020

GolsucksActive member23 November 2020 18:50:43

Cheers

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