Advice From the Accountants at MexTax About Capital Gains

Posted by Mexlaw

Real estate transactions in Mexico typically involve a profit for the seller, and on that profit, the seller is expected to pay capital gains tax. The tax is classified as ISR (Impuesto Sobre la Renta) and applies as an income tax. Whether you are a foreigner or Mexican national, you will be subject to this tax. However, an experienced Mexican accountant can assess your situation and find the best way to reduce or avoid the capital gains tax. Before you complete the sale of your property, you are advised to seek the advice of an accountant in Mexico. The assessment...

02 March

0 Comments

Sticky

Generate Income From Seller Financing

Posted by Mexlaw

in MexLaw, Real Estate

Most people would agree that selling your home is one of the most stressful events in one's life. It is time consuming, emotional, and a lot of work with repairs and touch-ups. Also, the endless housekeeping to make sure it is presentable for viewing at all times and leaving the property each time a realtor calls. It feels as though your life is literally on hold, just waiting for the big sale so you can walk away and begin a new chapter in your life. It is no wonder most of us just want it over and done with it....

19 February

0 Comments

Sticky

Good News for Frequent Travelers with Pets

Posted by Mexlaw

in Immigration, MexLaw

Many expats living in Mexico are frequent flyers with their pets and have concerns regarding over-vaccinating them for travel, but now Mexico has established a Frequent Traveler Pet Program. To register for the program apply through SENASICA Servicio Nacional de Sanidad, Inocuidad Calidad Agroalimentaria; they require a health certificate issued by a SENASICA-authorized veterinarian, current rabies vaccine, and treatment against internal and external parasites (within the last six months). Once your pet is registered in this program, Senasica will issue an official entry document for each pet which will contain pertinent data about you and your pet, plus vaccination records and...

19 February

0 Comments

Sticky

Relocating Your Pets to Mexico

Posted by Mexlaw

in Immigration, MexLaw

As you are making arrangements for your move to Mexico, do not forget your pets! For many people, the dogs and cats are part of the family and when the family is relocating to Mexico so are the pets. Dogs and cats are welcome in Mexico, and no quarantine is required. Other animals may need special permission; follow the link below. To ensure you have a stress-free and safe trip, consider these points when flying with your pet: the proper documents for your destination, airline breed restrictions, crate size, heat embargos, the pet's weight and size, and the duration of the...

19 February

0 Comments

Sticky

Do Foreigners Feel Safe Living in Mexico? Testimonials From Expats in Mexico

Posted by Mexlaw

in Immigration, MexLaw, Real Estate

There is a lot of media sensationalism about the dangers of living in Mexico, but those of us who are living in Mexico have to disagree. Of course, like any country, there are areas you should avoid, and precautions you should take when you are out and about. You should always be aware of your surroundings, but the greater part of Mexico, especially those states catering to tourists and expats are perfectly safe. Every day more foreigners make the decision to move to Mexico. The immigration office in Playa del Carmen reports that they process an average of 60 new procedures a day.