Jul 8, 2008, 8:31 AM
Post #1 of 2
My husband and I have bought the home in Los Ayala in the state of Nayarit. We have sold our home in Vancouver, and this home will be our principal and only residence. We have put the home in both of our names, and intend to run the home as a bed and breakfast.
In researching FM3 visas and capital gains tax we are confused and I hope someone may be able to advise in more detail.
If we are running the home as a B&B, will an FM3 visa suffice? Or do we need a special visa to run our home as a B&B?
In order to avoid the capital gains tax, should we ever decide to sell and return to Canada, do we both need to have FM3s or should one of us list as the others dependant? I am under the impression that it is better for us to have our own FM3s
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