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Jun 6, 2024 · When you eventually come to sell your Mexican property, the buyer will pay most of the closing costs, but there are also selling costs and taxes you will need to account for. The three main costs when you’re selling a property in Mexico are: Selling fees; Professional service fees; and. Taxes.
- Real Estate Agent Fees. When listing your home for sale in Mexico, one of the first things you’ll need to consider is hiring a real estate agent. These seasoned experts can help you navigate the complex property selling process and ensure you receive the best possible price.
- Notary Public Fees. In Mexico, a notary public is required to oversee the sale of real estate, ensuring that all necessary documentation is completed and submitted correctly.
- Capital Gains Tax (Impuesto Sobre la Renta) Capital gains tax in Mexico, known as Impuesto Sobre la Renta (ISR), is levied on the profit generated from selling a property.
- Value-Added Tax (IVA) Value Added Tax (IVA) is a sales tax applied to transferring goods and services in Mexico. However, when it comes to selling residential real estate, IVA is not typically used.
5 days ago · When you eventually come to sell your Mexican property, the buyer will pay most of the closing costs, but there are also selling costs and taxes you will need to account for. The three main costs when you’re selling a property in Mexico are: Selling fees; Professional service fees; and. Taxes.
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Discover the essential costs and taxes when selling property in Mexico. From real estate agent fees to capital gains tax, learn how to navigate the financial aspects of your property sale effectively.
Jun 14, 2023 · Selling your home in Mexico? Learn about the essential expenses involved in the process. From agent commissions to closing costs and taxes, this blog provides insights to help you navigate the financial aspects of selling a home in Mexico.
Closing costs in Mexico mostly range between 6% and 8% of the purchase price (although they depend of many factors, some of which will be enunciated in the following paragraph). These fees may seem high but, in the long run, they add up to less money when considering property taxes.
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Jun 7, 2024 · Round-trip transaction costs range from low to high for foreigners buying residential property in Mexico. Foreign buyers are attracted to the coast. International investors, particularly American and Canadian buyers, have been returning to Mexico, as economic activity normalizes after the Covid-19 pandemic.