In the wake of the tragedy of 11 September, 2001, I was reading as much news as I could get my hands on. I was shocked to read one article that talked about a scam that briefly made the rounds in the US, where the promoters were asking for donations for the victims of New […]
Continue ReadingNote: This article was last updated in 2008. It remains in our archive for historical purposes as a general guide only to Mexican trusts. For current up-to-date information, a competent lawyer or Mexican notary should be consulted. MEXICAN TRUSTS WHAT IS A MEXICAN TRUST? PARTIES TO A MEXICAN TRUST PURPOSES OF MEXICAN TRUSTS WHO CAN […]
Continue ReadingEveryone involved in real estate has heard the adage “Location, Location, Location.” While undoubtedly this saying has a lot of truth to it, no less true is the following: “Taxes, Taxes, Taxes.” Consider as well that when two countries can claim tax jurisdiction over you or your property, things become quite complicated. Real estate is […]
Continue Reading“How can I obtain a capital gains, or homestead, tax exemption on the sale of my Mexican real estate?” is one of the most frequently asked questions by expatriate residents of San Miguel when they contemplate selling their homes. Residents may not be aware that the requirement that you live in your Mexican home for […]
Continue ReadingSeptember 1996 – Austin, Texas – With the many Mexican nationals who live in the Austin area and with the increase in trade between our countries under NAFTA, the Consulate frequently handles questions from individuals and businesses who need to send money to Mexico. The services described below are common ways to accomplish that goal; […]
Continue ReadingPosted by Chris Decker on May 23, 1997: I will be relocating to Mexico (Queretaro) soon and it is time to replace my computer. I had planned to purchase a notebook here in the US and bring it with me. Now I am having second thoughts. First, I fear that it would be difficult to […]
Continue ReadingThe majority of my work involves inspections of homes, however there is a large amount of consulting regarding Mexico real estate where clients need help to promote or sell their property. The rumor mill has produced some odd information lately that really needs to be addressed. One rumor is that the overall real estate market […]
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Recently, I have been helping my wife’s family to sell their home in Guadalajara. It is located in a community near a popular shopping center and is located in front of a large community park and local church. It has been tough process, since there is some dissension in the family because one member does […]
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In Mexico, the Capital Gains Tax (CGT) is the Impuesto Sobre la Renta (ISR), which is paid by the seller of the property. It translates to a tax upon rent, profit, yield or income and in other financial circles it is called an income tax. When selling Mexico real estate, the seller must first be established as the […]
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Mexico makes it easy for foreigners to own property. Inland, they can hold a direct title to their Mexico real estate. In the prohibited zones — including prized beach areas — expats can own real estate through a bank trust. Will you live in Mexico full time or spend only part of the year South […]
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