ITBI (Imposto de Transmissão de Bens Imóveis)

“I remember the moment when Carlos, a young professional from Rio de Janeiro, sat down with his cousin Ana at a small café in Ipanema. Over a glass of fresh coconut water, they pored over a set of documents and figures, each one more confusing than the last. It was Carlos’s first attempt at buying an apartment in Brazil, and he had just discovered something that made him sweat a bit: property taxes....