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1. www.mexperience.com › the-costs-and-taxes-ofCosts and Taxes When Selling Property in Mexico - Mexperience

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   Sep 5, 2024 · Capital Gains Tax. Mexico applies a capital gains tax on residential property of 25% on the gross sales value of the transaction without any deductions OR between 1.92% and 35% on the value of the gain (purchase costs less allowable exemptions and deductions): the percentage is calculated on a sliding scale in relation to the gain and we ...

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3. investguiding.com › article › the-costs-and-taxes-ofThe Costs and Taxes of Selling Property in Mexico (2024)

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   3 days ago · Realty agents in Mexico typically charge between 5% and 8% of the sale price in commission—and you need to add Mexican sales tax (IVA)to this (16%), so if the agent’s commission is 5%, the tax-inclusive payment will be 5.80% of the final sales price; and if the agent’s commission is 8%, the tax-inclusive payment will be 9.28% of the final ...

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4. mexhome.com › blog › selling-property-in-mexico-aSelling Property in Mexico: A Deep Dive into Taxes and Costs

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   • 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. www.larivieragroup.com › costs-taxes-sellingThe Costs and Taxes of Selling Property in Mexico | KW Bahia ...

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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.

6. silmexicooaxaca.com › closing-and-taxes-costs-ofCLOSING AND TAXES COSTS OF SELLING PROPERTY IN MEXICO

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   Mexico applies a capital gains tax on residential property of 25% on the gross sales value of the transaction without any deductions OR between 1.92% and 35% on the value of the gain (purchase costs less allowable exemptions and deductions). The percentage is calculated on a sliding scale in relation to the gain; it’s suggested to assume 35% as residential property sales with gains above ...

7. www.gasparmichelrealestate.com › sellersUnderstanding Costs Involved in Selling Your Home in Mexico

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   Mar 31, 2024 · Selling a home can be a complex process, and when it comes to selling property in Mexico, there are specific costs and considerations that sellers need to be aware of. Whether you're a local or a foreigner selling property in Mexico, understanding these costs can help you navigate the process smoothly and ensure a successful transaction.

8. People also ask

   How much does it cost to sell a property in Mexico?

   • Before selling your property in Mexico, you’ll need to have it appraised by a certified appraiser. This assessment will help determine the property’s value and calculate all relevant taxes correctly. Appraisal fees can vary depending on the property’s size and location, usually costing around $300-$500. 7. Legal Fees

   Selling Property in Mexico: A Deep Dive into Taxes and Costs - MexHome

   mexhome.com/blog/selling-property-in-mexico-a-deep-dive-into-taxes-and-costs/

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   Do you pay taxes when selling a property in Mexico?

   • 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: Taxes.

   Costs and Taxes When Selling Property in Mexico - Mexperience

   www.mexperience.com/the-costs-and-taxes-of-selling-property-in-mexico/

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   How much do real estate agents charge in Mexico?

   • Realty agents in Mexico typically charge between 5% and 8% of the sale price in commission, on which a 16% VAT rate is levied. Taxes Taxation on residential property sales is a complex area of Mexican tax law and every case will be slightly different depending on the circumstances.

   CLOSING AND TAXES COSTS OF SELLING PROPERTY IN MEXICO - SILM…

   silmexicooaxaca.com/closing-and-taxes-costs-of-selling-property-in-mexico/

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   How much tax does a real estate transaction cost in Mexico?

   • For example, with no deductions, the tax may be assessed at 25% of the gross sale of the property. Or, it could range from 1.92% – 35% of the profit. Pesos not Dollars! All real estate transactions are recorded in Mexican pesos, regardless of whether you negotiated the purchase price and paid for your property in USD or CAD.

   Are you planning selling your Mexican property? Don’t forget to

   mexlaw.com/are-you-considering-selling-your-mexican-property-dont-forget-to-consider-your-capital-gains-tax/

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   Can a foreign person sell a property in Mexico?

   • * Mexican income tax law does not expressly state whether the foreign person selling a property must have temporary or permanent residency status to avail themselves of capital gain tax exemptions; it does, however, expressly state that the seller must be selling his/her primary residence in order to qualify for tax exemptions on capital gains.

   Costs and Taxes When Selling Property in Mexico - Mexperience

   www.mexperience.com/the-costs-and-taxes-of-selling-property-in-mexico/

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   How much is property tax in Mexico?

   • The rate can vary between 20-35%, depending on your residency status and whether the property is your primary residence. Foreign residents selling property in Mexico can benefit from a tax exemption if they can prove that the property was their primary residence for at least two years before the sale.

   Selling Property in Mexico: A Deep Dive into Taxes and Costs - MexHome

   mexhome.com/blog/selling-property-in-mexico-a-deep-dive-into-taxes-and-costs/

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9. mexlaw.com › are-you-considering-selling-yourAre you planning selling your Mexican property? Don’t forget ...

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   May 1, 2024 · Whether you are a Mexican national, a Mexican resident or a foreigner, if you are selling your property in Mexico, you may be liable to pay a capital gains tax. (855) 851-5000 Call Us (CANADA / USA TOLL FREE)