Simulate and estimate the income tax owed on the net profit obtained from the sale of goods or financial assets (Capital Gain). This educational tool considers monthly exemption rules for stocks, limits for crypto assets, and rules for properties.
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The Capital Gain is the positive difference between the sale price of an asset (alienation) and its acquisition cost (adjusted purchase price). When you sell an asset for an amount higher than what you paid for it, the Federal Revenue Service of Brazil requires the payment of Income Tax on that profit.
The basic tax rate is 15% for profits up to $5 million (progressive table from this threshold). The Federal Revenue Service offers important exemptions and reductions:
When selling a property, you can add various proven expenses to the acquisition cost (original purchase price) to reduce the tax owed. The following are accepted: ITBI (property transfer tax) paid on purchase, brokerage fees (if paid by the buyer/seller), expenses with documentation and structural improvements (such as painting, wiring, plumbing, and amplifications) made over the years.
Different from the annual Income Tax return, the tax on capital gain must be calculated and paid by the last working day of the following month after the sale. The official calculation is performed using the GCAP (Capital Gain) program of the Federal Revenue Service. The program generates the DARF (code 4600) for payment. In the case of variable income on the stock exchange (stocks and REITs), the DARF is generated manually via Sicalc Web with code 6015.
This depends on the type of asset. For variable income on the stock exchange (stocks, REITs, and ETFs), you can offset past losses with current month profits of the same category (common offsets common, day trade offsets day trade, REIT offsets REIT). However, for movable goods (such as cars) or properties, the Federal Revenue Service does not allow offsetting past losses.