## Details We are facing a tax transition that could redefine the real estate sector, but uncertainty and complexity still bring significant risks and challenges. The ongoing tax reform in Brazil, with the introduction of the Dual VAT, radically changes how consumption taxes are applied. Although there is an expectation of tax rate reductions, the general economic conditions remain challenging, with still high interest rates and limited credit, impacting financing capabilities and the dynamics of real estate investment. In the sector, the 50% reduction in the standard rate for properties and 70% for rentals represents an important evolution. However, the necessary accounting adjustments and adaptation to new systems could be significant bottlenecks. Credit remains restricted, construction costs are high, and demand is still weak, diminishing the  ...