5 October, 2018
As far as the seller is concerned, he/she will pay the capital gains tax (if applicable), fideicomiso cancellation or transfer fee (if applicable) and the fiscal calculation fee of about 1000pesos charged by the notary.
5 October, 2018
For transactions between Mexican citizens, it can take as little as a week to close a sale. When the buyer and/or the seller is a foreigner, the closing process will take on average 4 to 6 weeks counting from the time that all the required documentation is delivered to the notary’s office.
5 October, 2018
In case of a sale where the property is owned through a fideicomiso, the letter of instruction is a document prepared by the notary and signed by the seller instructing the bank to cancel or transfer an existing fideicomiso.
5 October, 2018
In case of foreigners who own the property through a fideicomiso – no. In case of Mexicans, Sinaloa and Sonora have a relatively new law that states that regardless of the way that a couple is married (with or without a prenap), if one spouse is on the deed and the other is not, forcefully…