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
Mexico Capital Gains Tax
Mexico Real Estate & the New Immigration Laws! Part 2 – Tax Exempt Status?
A question that many expats who own Mexico real estate will be wondering about is the exemption from capital gains taxes when selling a property and how the new immigration laws affect this exemption. The Capital Gains Tax and It’s Exemption in the Past Very briefly, if an expat sells a property in Mexico, … [Read more...] about Mexico Real Estate & the New Immigration Laws! Part 2 – Tax Exempt Status?
A Few Updates on Yucatan Real Estate Taxes
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
Q: Do you Pay Mexico Capital Gains Taxes in Your Home Country Too
A couple of weeks ago, we had an interesting question be sent to our panel of experts The seller of a property wrote to ask, Q. "What happens when I make some profit on the sale of Mexico real estate, we paid the Mexico capital gains tax, do we still need to pay taxes on the capital Gains in my home country too … [Read more...] about Q: Do you Pay Mexico Capital Gains Taxes in Your Home Country Too
The Tax on Profits from a Mexico Real Estate Sale
There is a lot of misinformation on this subject, such as: "If you become a Mexican citizen you have no tax to pay when you sell real estate"...... or "With a FM-3 and some receipts, you will be exempt from paying capital gains on the sale of your vacation house in Mexico" Neither scenario is completely … [Read more...] about The Tax on Profits from a Mexico Real Estate Sale