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Mexico Real Estate Taxes

THE FIDEICOMISO (MEXICAN BANK TRUST) CONTROVERSY and FORMS 3520 and 3520A is it? or is it not??

Filed Under: How to Buy Property in Mexico, How to Buy Real Estate in Mexico, Mexico Fideicomiso / Bank Trust, Mexico Real Estate Taxes, Mexico Real Estate Tips

Per Internal Revenue Code Section 6048 any trust established in a foreign country including the Mexico real estate region or its US beneficiary must file certain forms with the  US department of the treasury (Internal Revenue Service) each year.. Forms 3520 and 3520A must be filed by anyone who holds an … [Read more...] about THE FIDEICOMISO (MEXICAN BANK TRUST) CONTROVERSY and FORMS 3520 and 3520A is it? or is it not??

Playa del Carmen Real Estate Investment; Municipal Government Credit Rating Improves

Filed Under: Infrastructure News, Mexico Bridges and Roads, Mexico community information, Mexico Permits, Mexico Real Estate Taxes, Mexico Residential Permits, Playa del Carmen Real Estate

While quite unfortunately, governments in some parts of the world are seeing downgrades in credit ratings due to poor financial management, there is some good news for investors; Playa del Carmen's municipal government has recently received an upgrade in credit rating, and is likely to see further upgrades in the near … [Read more...] about Playa del Carmen Real Estate Investment; Municipal Government Credit Rating Improves

What are my selling costs on Real Estate in Puerto Vallarta?

Filed Under: Mexico Closing costs, Mexico Fideicomiso / Bank Trust, Mexico Notary Public, Mexico permits, Mexico Public Registry, Mexico Real Estate Taxes, Mexico Real Estate Tips, Michael Green, Puerto Vallarta Real Estate

During the closing process of real estate in Puerto Vallarta, you must pass your title free and clear of any liens or encumbrances.  Prior to the closing, the Notario will order a no liens certificate from the Mexico Public Registry.  Therefore, you will need to pay all utility bills up to the closing date.  You … [Read more...] about What are my selling costs on Real Estate in Puerto Vallarta?

A Few Updates on Yucatan Real Estate Taxes

Filed Under: Merida Real Estate, Mexico Cities, Mexico Real Estate Taxes, Mitch Keenan, Yucatan Real Estate

I have edited and updated a few article to include new tax laws and closing costs for the Yucatan Real Estate region.  These updates will compliment my article I posted last 14th of June. To see this post please click here (Yucatan Real Estate Capital Gains Tax). The updates for 2010 include a capital gains tax … [Read more...] about A Few Updates on Yucatan Real Estate Taxes

Taxes and the Mexico Real Estate markets Part I

Filed Under: Cost of Living in Mexico, How to Buy Real Estate in Mexico, Living in Mexico, Mexico Property Tips, Mexico Real Estate Taxes

  Linda Neil is one of our Top Brokers who has just written another informative piece regarding Mexico Real Estate issues such as taxes as seen below in her article called "Tax Obligations for foreigners in Mexico Death and Taxes...both are inevitable".  Linda has been working in the La Paz real estate industry … [Read more...] about Taxes and the Mexico Real Estate markets Part I

Mexico Real Estate Tax Requirements in the U.S.

Filed Under: How to Buy Real Estate in Mexico, Mexico Real Estate Taxes, Mexico Real Estate Tips

U.S. taxpayers are required to file certain reports with the U.S. government if they own property in Mexico, have a business in the country, or are shareholders in Mexican corporations Uncle Sam, U.S. tax watchdog, has instituted a voluntary disclosure program for those people who may have omitted reporting in the … [Read more...] about Mexico Real Estate Tax Requirements in the U.S.

Yucatan Real Estate Tips

Filed Under: How to Buy Real Estate in Mexico, Merida Real Estate, Mexico Cities, Mexico Real Estate Taxes, Mexico Real Estate Tips, Mitch Keenan, Yucatan Real Estate

I have written several articles on the Yucatan real estate purchasing process here in Mexico Articles about the role of the Mexico Notary Public, about rectifying property measurements, and even about Mexico real estate taxes Below are the last points I wish to share with you before covering other topics dealing with … [Read more...] about Yucatan Real Estate Tips

Mexico Real Estate Closing Costs, How to Avoid Unpleasant Surprises

Filed Under: How to Buy Real Estate in Mexico, La Paz Real Estate, Mexico Cities, Mexico Closing costs, Mexico Real Estate Taxes

Mexican law says that Mexico real estate taxes must be paid on the higher of the following: purchase price OR appraised value Since many appraisals in the La Paz real estate market are lower than the actual selling price your taxes will be condisderably lower if the appraisal value is declared Payment on this basis has … [Read more...] about Mexico Real Estate Closing Costs, How to Avoid Unpleasant Surprises