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Real Estate Blog
Why Do You Need A Fideicomiso To Buy Property In Mexico?
Promulgated back in 1917, the Mexican Constitution didn’t allow foreigners to own property in Mexican territory. That is why in 1973, the Government designed the fideicomiso, a land trust system to encourage foreign investment. And this is important because now you can buy your dream beach house through a bank trust, also known in Mexico as “fideicomiso”.…
Capital Gains Taxes (ISR) on Mexican Properties
Oct. 22, 2015 UPDATE On October 18, the Mexican Congress amended the tax law for 2016. Under the new rules, our primary residence will be exempt from capital gains after living in the home for just 3 years, instead of the current law’s every 5 years. Soda pop manufacturers got a boost with 50% reductions…
Bill Gates’s Mexican Resort Lures Tech Companies And Personalities
Tech companies and personalities tie up with Bill Gates’ recently renovated resort as the world’s richest man seemed to be an influential magnet to other top tech management to hold seminars, talks, and conferences. According to its press release, the Four Seasons Resort Punta Mita, is nearing completion and will become a five-star luxury resort…