In the past, it was easier for foreign investors in the Mexican real estate market to get tax exemptions on the sale of their Mexico properties. Proving residency required only one to two years and many foreign sellers found it easy to qualify for tax exemption.
Not any more. Recent changes in tax laws are expected to make it more difficult for foreign investors in Mexican real estate to avoid paying taxes on the sale of residential property. Under the new rules, only homeowners who can prove five years of primary …
In the past, it was easier for foreign investors in the Mexican real estate market to get tax exemptions on the sale of their Mexico properties. Proving residency required only one to two years and many foreign sellers found it easy to qualify for tax exemption.
Not any more. Recent changes in tax laws are expected to make it more difficult for foreign investors in Mexican real estate to avoid paying taxes on the sale of residential property. Under the new rules, only homeowners who can prove five years of primary …
With its close proximity to the US, lower land and construction costs, and low cost of ownership, Mexico is an attractive location for buyers looking for great values in international real estate. Still, there are significant differences in how real estate is purchase in Mexico than it is in the US and foreign real estate investors would be wise to have these three “must haves” in place to ensure a successful transaction:
Hire a reputable Notary Public (Notario Público)
Unlike their counterparts in the US, the notary public in Mexico must …
With the stock market in flux and the price of commodities high, many investors are trying to find other vehicles for building and diversifying their retirement portfolio. One way to diversify individual retirement investments is to use your IRA or 401(k) to invest in real estate. Qualified retirement money can be accessed to include personal real estate ownership, whether it be a second home, investment property or commercial/office space.
With Mexico real estate prices just starting to recover from the global recession, investors can purchase homes at significant discounts. Recent prices …