fm3: The Tax on Profits from a Mexico Real Estate Sale
- 09/23/09 02:57 AM
There is a lot of misinformation on this subject, such as: “If you become a Mexican citizen you have no tax to pay when you sell real estate”…… or “With a FM-3 and some receipts, you will be exempt from paying capital gains on the sale of your vacation house in Mexico Real Estate“ Neither scenario is completely correct! Mexican citizens must pay exactly the same tax on the sale of a lot or or a rental property as any foreigner No exemption is permitted for the sale of a vacation home, no matter what immigration status the seller has As … (0 comments)
fm3: Moving to Mexico: Obtaining the Resident Investor Visa
- 08/24/09 03:06 AM
In a few previous posts, I wrote about the various options available for non-Mexicans to obtain residence status here in Mexico. In my line of business, Mexico Real Estate industry, I meet many Mexican foreigners who are estabishing a new life concept, moving from their native country to set up a business in various regions of this emerging country. I have also met a tremendous amount of people with a life plan of purchasing their retirment getaway here in distinct parts of Mexico, whether it be in Cancun, Merida, Puerto Vallarta, San Miguel de Allende or even in Oaxaca. No matter … (3 comments)
fm3: Mexico Resident Pensioner Visa: How to Retire in Mexico
- 08/21/09 02:48 AM
One of the most common permits obtained by Mexican Foreigners is the Resident Pensioner visa (FM3 or FM2). On a previous post the classification of the differences between non-resident, temporary resident, and permanent residents was outlined (See Post). The Resident Pensioner permit (temporary resident) is described as those foreigners who want to live in Retirement in México, subsisting on funds, interest – bearing securities or pensions generated from any country other than Mexico. Applications for FM-3 and FM-2 can be realized at any Mexican Immigration Office within Mexico, or at any Mexican Consulate. It is also a good note to point … (2 comments)
Everything you need to know about Mexico Real Estate. Looking for Mexico properties? Do you want a Mexico Oceanfront Preconstruction Condo? Or maybe looking to Retire to Mexico. Learn tips and inside advise on Mexico Luxury Real Estate from a top Mexico Real Estate agent, Thomas Lloyd
There is a lot of misinformation on this subject, such as:
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