Enjoying Income from Rental Properties
http://youtu.be/UJUrtLMJByw Every day more and more foreigners from the United States, Canada, Asia and Europe, have found Mexico to be an ideal location for healthy retirement. Others have come to Mexico as a result of job transfers. Others still, taking advantage of electronic and wireless communications, seek out delightful areas in which to live and...
Real Estate in Mexico
Guidelines for a Successful Acquisition
Mexico is a wonderful and very beautiful country. If you enjoy your visit you may begin to think about acquiring a bit of our paradise. We have mountains, lakes, rivers, forests, deserts and seashore in Mexico. We also have history, ancient cultures, handcrafts, folklore and many other things to share. Buying property in ANY country...
The Mexican Will
Is it Necessary? Protecting your assets through proper planning…
United States and Canadian citizens living in Mexico frequently ask: Do I need a Mexican Will? While there is no legal requirement to have a Testament, or Will, executed in Mexico, it often makes sense for people whose only Mexican asset is a home or condominium, to be proactive and draft a Mexican Will. The...
The Apostille
Making a document legal for use in Mexico
In Mexico, the ONLY authority permitted to draft a deed transferring real property or an interest in real property (such as the fideicomiso) is the Mexican Notary Public. This person is different from a notary public in the United States where a simple exam, a bond, and a rubber stamp can make a notary public...
Ejidal Property
Is it a bargain…or a problem?
EJIDAL (EEEE-heee-doll) properties were established in Article 27 of the Mexican Constitution of 1917 as an outcome of the Revolution and represent probably 50 percent of all the land in Mexico. After the Revolution hundreds of millions of acres from the original Spanish land grants were expropriated by the government and classified as ejidal properties....
Mexican Capital Gains Tax
...and how your deed declared property value affects it
Just as in the United States or Canada, the foreigner selling his trust rights in real estate must pay a tax on his profits to S.A.T., previously known as Hacienda, Mexico’s version of Uncle Sam. None of us like to pay taxes but we’ve become accustomed to paying them in our own countries and, believe...
