Do you know what laudêmio is?

Recently, much has been commented on social networks, due to the tragedy caused by the rains in the city of Petrópolis (RJ), about the laudêmio, also known as the “prince's tax”. This involves charging a percentage of 2.5% on the value of real estate transactions carried out in the city. So keep reading and understand what is the award, who gets it and how it works. Keep reading!

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Who gets the fee?

As much as there is no longer a monarchy in Brazil, the amount received from the charges still goes to the descendants of the royal family, since the properties in Petrópolis belong to it. However, the receipt of the 2.5% fee is done through a legal entity, Companhia Imobiliária de Petrópolis.

Thus, residents of houses in the municipality have the useful domain of the property, but do not have the right to property. However, they can use and sell the building almost as if it belongs to them.

Moreover, there are still other cases of this type of regime in Brazil. Like the land owned by the Navy, which is owned by the Union. As a result, several people who live close to the Brazilian coast are only holders of the useful domain over the properties, which belong to the State.

How does the award work?

When we talk about territories belonging to the Navy, the charges are based on a law from 1831. To understand better, at the time, the Crown had defined that the Terras de Marinha are all those that are within a range of 33 meters from the maximum level of high tide.

Thus, the properties within these ranges can be used, however, they are in partial domain of the government, in order to guarantee national defense and free access to the beaches by the local population.

Therefore, being a charge on the sale of a Union building or land, the laudêmio corresponds to 5% of the value of the property. In addition, the payment is made only once, but the charge is made again in case of donation or inheritance to the new user.

In addition, the laudêmio does not exempt the obligation of the Property Transfer Tax (ITBI), which must be paid in full before the registration of the deed of the property.

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