Tax options when selling your home in Mexico are very similar to the United States and Canada. The government requires you to pay taxes on any capital gains made when selling a property in Mexico. There are two tax options when you sell your home: After itemizing any allowable deductions, you will forfeit 35% of … [Read more...] about Capital Gains Tax Options When Selling Your Home in Mexico
Capital gain tax
Taxes for Expats in Mexico
Things can get tricky if you are new to Mexico and plan on living and working here. As foreigners, you need to know what rules to follow, especially when it comes to taxes. Expats living and investing in Mexico will be responsible for paying tax for any property they own. Also, if you earn an income from renting your … [Read more...] about Taxes for Expats in Mexico
What are Closing Costs? Part 2
During the closing of the real estate transaction you as a buyer have the obligation of paying closing costs. The closing costs are divided in multiple parts. In Part 1 I spoke to Ivan Castillo at Stewart Title Latin America´s Playa del Carmen office so he could explain what they are. We continue with Part 2 and … [Read more...] about What are Closing Costs? Part 2