Brazil Introduces Tax Exemption for Real Estate Foreign Investments

Brazil has exempted foreign investors from paying a financial transaction tax if they purchase real estate investment trusts traded on the country’s stock exchange. This measure announced on Thursday was taken in hopes that foreign investments would be encouraged and later support Brazil’s economic recovery.

Indian Consortium Gets 100% Tax Break for Luxury Sri Lanka Development

According to the Sunday Leader, a realty consortium has been offered a 100% tax exemption to develop a two acre site at Sir James Peiris Mawatha in Colombo 2, In addition to the tab breaks, the Sri Lankan government will also allow full profit and capital repatriation. The realty consortium, South City Projects (Kolkata) is […]

Illinois Seniors Receive Automatic Property Tax Exemption

Close to 300,000 seniors in Cook County , Illinois will no longer have to file every year to continue to receive property tax exemptions, thanks to a new measure the Illinois State Senate authorized.  Under the current law, those who wish to receive the property tax exemption must file annual paperwork with the County Assessor. […]

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