GDF approves reduction of ITBI tax rate; change begins in 2025

The Federal District Government (GDF) recently announced a reduction in the Real Estate Transfer Tax (ITBI) rate. This change, which will come into effect on January 1, 2025, represents a significant opportunity for the real estate market.

ITBI is a tax levied on the purchase and sale of real estate, and its rate is determined by the local government. Until now, the ITBI rate in the Federal District was 3%, but from 2025 onwards, this rate will increase to 2%. In the case of newly built property, the buyer will only have to pay 1% of the value of the property.

The Impact of the ITBI Tax Rate Reduction

This change in the ITBI tax rate represents a unique opportunity in the market. With the tax reduction, customers will have the chance to save a significant amount during the property purchase process. This could translate into an increase in demand for real estate services, as more people feel encouraged to invest in properties.

Furthermore, the reduction of the ITBI tax rate can stimulate the real estate market as a whole, boosting economic activity and generating more business opportunities. With the possibility of acquiring properties at a lower cost, more people can become homeowners, which can lead to an increase in the purchase and sale of properties.

The ITBI rate was 2% in the DF until 2015, when the increase to 3% was approved as part of the Pacto por Brasília program – a package of measures from the government of Rodrigo Rollemberg (PSB) launched to reinforce the district's coffers.

In 2022, under the Ibaneis government, there was a temporary reduction in the tax to 1%, for three months, within the scope of the Pró-Economia II program.

Three years earlier, in 2019, the GDF presented a bill to the CLDF that provided for the gradual reduction of ITBI to 2%. The proposal, however, ended up being put on the back burner and did not become law.

Conclusion

The reduction in the ITBI tax rate represents a significant change in the real estate market in the Federal District. For Mateus Adler, this is a unique opportunity to stand out and expand its business, offering its clients even more advantageous services.

With a strategic approach, the company is preparing to make the most of this change, strengthening its marketing actions, improving its internal processes and exploring opportunities for expansion. In this way, Mateus Adler is positioned to consolidate itself as a reference in the local real estate sector, contributing to the development of the market and providing its customers with an even more satisfactory experience.