Real Estate Law
Ask an Expert - What are trust administration  fees?

Ask an Expert – What are trust administration fees?

What exactly is the annual “administration” of the Mexican Bank Trust? Does the bank actually do anything on an annual basis besides sending me an invoice? [The bank that administers my trust] just sent me an invoice for $616.52 U.S. for the “annual administration” of the trust. Last year it was $603.66 U.S. I have...

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Do I have to pay taxes on my Mexico rental in the US?

Do I have to pay taxes on my Mexico rental in the US?

  Do I need to pay income taxes on my Mexico rental property if I only rent it a few times a year? YES!   Mexican newspapers are full of headlines about the growing problem of foreigners who are renting their homes or condominiums and failing to pay Mexican taxes.  Not only is this a...

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Ask an Expert - Do foreigners have to pay taxes in Mexico?

Ask an Expert – Do foreigners have to pay taxes in Mexico?

If I do not earn any income in Mexico, nor have any investments in Mexico, as a permanent resident do I need to file a Mexican income tax return? Question 1: I sold my principal residence (not a rental) in PV in June and paid Capital Gains tax. I know I have to go to SAT...

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Changes in Mexican Migratory Law, part two

Changes in Mexican Migratory Law, part two

This is part two of my series on the new Mexican Migratory Law; it deals with the classification of TEMPORARY RESIDENT. The previous article dealt with the classification of VISITOR as explained in the first part of Article 52 of the new Mexican Migratory Law and the following article will deal with the classification of...

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New Changes to Mexican Immigration Law

New Changes to Mexican Immigration Law

On May 25th, 2011, Mexico published its new migratory law (Ley de Migración) in response to glaring human rights violations, but as well as the human rights protections, the new law also includes some changes that affect expat foreigners. This is part one of a series of articles explaining the changes in the new migratory...

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Owning Property In Mexico

Owning Property In Mexico

Ley De Fideicomiso


http://youtu.be/lKGgxj4OZkk   How many times have you heard,  you can’t own property in Mexico, you can only get a long term lease!   Real property ownership is not the same in Mexico article 27 of the Mexican constitution of 1917 decrees that no foreign person may be registered as the owner of any real property...

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Ask An Expert

Ask An Expert

SAT on Timeshare sales


Question: I have been contacted about selling my timeshare in Mexico. The firm claims that I must pay 12.5% tax on this sale. Can you confirm that?   Answer #1 Rory King: The answer to the question is a little complicated because it depends on the type of timeshare.   Most timeshares or fractional ownership packages...

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Buying on the Beach

Buying on the Beach

Defining Mexico’s Federal Maritime Zone


Defining and measuring the Federal Maritime Zone The Federal Maritime Zone is legally described as the 20 meter wide strip of land that is transitable and next to the beach (playa mar). Let’s break this down to make sure we are clear on what we are talking about: 1. The Federal Maritime Zone is 20...

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Mexico Rental Income

Mexico Rental Income

Paying Tax Is Now Easier Than Ever and with Stateside Benefits!


http://youtu.be/UJUrtLMJByw Those who have rental properties in Mexico can now rest easy. SAT, Mexico’s Uncle Sam, has provided a straightforward and relatively simple way to declare and pay taxes on rental income for those foreigners who have long wished to be in compliance but did not know the way to do so. As of February...

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The Fideicomiso Controversy

The Fideicomiso Controversy

and Forms 3520 and 3520A


Per Internal Revenue Code Section 6048, any trust established in a foreign country by a United States citizen requires filing certain forms with the U.S. Department of the Treasury (Internal Revenue Service) each year. Forms 3520 and 3520A must be filed by anyone who holds an interest in a foreign trust as a beneficiary. These...

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Avoid Dual Agency

Avoid Dual Agency

Consider a Buyer’s Agent


Dual agency arises when a real estate broker or salesperson represents adverse parties (e.g., a buyer and seller) in the same transaction.  In real estate the party that represents a buyer and or a seller in the purchase or sale of a property, is called an agent. In Mexico, as in other countries of the...

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Title Insurance

Title Insurance

The Essential Protection for Mexican Real Estate


Title insurance is available in Mexico. A title policy, issued in conformance with Mexican law, will protect the amount of the buyer’s investment.  Canadian newspapers carried stories recently about the eviction of land owners in an area known as La Manzanilla, located on beautiful Tenacatita Bay, between Puerto Vallarta and Manzanillo on the west coast...

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