Clipping of news on Brazilian Culture, Law and Citizenship
01/12/2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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It is allowed to use the FGTS to buy a second property if the Fund's resources have been previously used in bought property together with another person, but that the user is no longer co-owner?
Response Marcelo Tapai *
When the FGTS is used for the purchase of a property, even if together with another person, the fund's resources can not be used again. The value of the FGTS can only be re-used if the owner sells the first property.
The restriction to use FGTS occurs when the buyer purchases a property from an owner who has used the FGTS for less than three years is to give as input the time of purchase or to pay off the financing of the property you want to buy.
For example, the used the FGTS to buy a property and decides to sell it a year later. If B wants to buy that property, you can not use your FGTS, because A has used the fund's resources to buy the same property in a period of less than three years.
Source: MSN
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This article was translated by an automatic translation system, and was therefore not reviewed by people.