As in most countries, the U.S. tax regulations are complicated, especially when dealing with properties or assets set outside the United States. Not all accountants and tax advisors know the tax systems of other countries. For this reason and so you can understand taxes in Mexico Real Estate, we highly recommend that … [Read more...] about Bi-national Transactional Taxes in Mexico Real Estate
Mexico Property Taxes
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
Many Americans and Canadians considering retiring or investing south of the border often wonder whether there are any actual advantages to property taxes in Mexico. What are they like and are there any actual benefits to putting my hard-earned money there? Before getting into that you need to answer three … [Read more...] about What Are Property Taxes Like in Mexico?
It’s not uncommon to hear your neighbors, friends and family in America complain about paying high taxes on everything. Perhaps even you are complaining. When it comes to property, no one is sure about what to do anymore. But some thousands of people have hit the nail on the head and found the easy solution: moving! … [Read more...] about Moving Is the Solution to High Property Taxes
With the incredible coastlines, attractions, weather, low cost of living and healthcare, Mexico has become a preferred destination for retirement, full time residency and real estate ownership for Americans and Canadians. Friday November 1st the Mexican Congress passed the first part of the proposed Mexican reforms … [Read more...] about Mexico’s New Tax Reforms – Could They Affect Interest in Foreign Real Estate Purchases?
Every transfer of Mexico real estate property MUST, by law, be made before a Mexican notary public. The Mexican notary public is required to have a degree in law. He must have a minimum of five years of legal practice, pass a rigorous examination and then be appointed by the governor of the state in which he/she … [Read more...] about Mexico Real Estate Closing Advice and Role of the Closing Agent
This is important news for all Playa del Carmen real estate owners; starting NOW, there are large discounts available for early payments of 2011 Playa del Carmen property taxes. The discounts and dates are as follows: NOW until December 15: 25%!!! December 16 – December 31: … [Read more...] about Attention Playa del Carmen Real Estate Owners – Super Property Tax Discounts for Early Payment!
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 for … [Read more...] about Taxes and the Mexico Real Estate markets Part I