Selling Mexican Property: Tax and Currency Documents
Mexican income tax on a property sale is not a universal percentage of the selling price. It depends on the seller’s tax regime and documented calculation. The home-sale exemption in Article 93, section XIX, has conditions; tax residence alone is insufficient. Request the notarial calculation before committing to net proceeds.
Calculate net proceeds from the tax file
Provide the notary with the acquisition instrument and relevant tax records for costs and improvements. The seller’s regime and allowable deductions determine the applicable calculation. Distinguish tax, selling costs, releases and mortgage balance when estimating net cash proceeds.
Article 93, section XIX, provides a home-sale exemption subject to limits and conditions. Article 126 addresses provisional payments within its applicable regime. Neither a general rate nor a statement of tax residence replaces the individual review.
Ready to buy in the Riviera Maya?
Request published property options and buying guidance by email. Ask White Rock which floor plans, current price lists and closing-cost details are available for the property you are considering.