CAPITAL GAINS TAX (ISR) ON THE SALE OF HOMES IN MEXICO

By Everardo Terán Gallegos and David W. Connell www.mexicolaw.com.mx This is a subject that everyone wants to know about, and everyone wants to find a way to legally avoid. In an effort to keep you up to date, the following is the “Cliff’s Notes” version of what you need to understand. In 2007 the Mexican [...]

BUYING PROPERTY IN MEXICO`S RESTRICTED ZONE

By David W. Connell www.mexicolaw.com.mx The restricted zone, according to Article 27 of the Mexican Constitution, is all land located within 100 kilometers of any national border and within 50 kilometers of any ocean. Article 27 of the Constitution states that no foreigner will be allowed to acquire direct title to land within the restricted [...]

Now that I have Bought Property in Mexico, What do I have to do to Keep Everything Current?

  For a foreigner, buying property in Mexico is a new and different experience. Most foreigners spend time researching the procedure of buying property, setting up a trust or a corporation and becoming familiar with the different permits and costs required to close on a property transaction in Mexico. A lot of effort is put [...]

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