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  • in reply to: How to declare assets abroad: 3 main mistakes and fines #7337
    Eliza Zoboli
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    Congratulations on the excellent content and thank you for sharing your knowledge!
    I'm moving to another country and I'm going to file my final tax return. I'm in doubt as to whether or not I should put my property up for sale, because I checked the website and found out that I couldn't deduct the major renovation I did as soon as I bought the property in 2011. I have updated the value of the property in all my tax returns to date with the value of the renovation in addition to the deduction for financing costs. Please could you confirm the correct calculation of the capital gain on the sale of this property of mine for Darf calculation? Would the capital gain be sale value - purchase value (deducting only brokerage fees) * 15%, or could it be sale value - property value from the last tax return * 15%? Thank you very much for your attention.

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Hi, I'm Vinicius Tersi, a specialist in international tax law.

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