Late last year (2001) the Mexican Congress decided to get off their behinds and bring about a badly needed tax reform. Not liking what President Fox proposed, they waited until the very last days of of the year to seriously discuss and pass new laws. Unfortunately, there is general agreement among tax and constitutional attorneys, […]
Continue ReadingLike many a traveller, you’ve come to Puerto Vallarta, let’s say from from Portland, Oregon, looking for an escape from the cold and the office. A little romance in a tropical paradise would be nice too! What you did not expect was to fall in love with the city and its charms: the beaches, the […]
Continue ReadingIn the wake of the tragedy of 11 September, 2001, I was reading as much news as I could get my hands on. I was shocked to read one article that talked about a scam that briefly made the rounds in the US, where the promoters were asking for donations for the victims of New […]
Continue ReadingNote: This article was last updated in 2008. It remains in our archive for historical purposes as a general guide only to Mexican trusts. For current up-to-date information, a competent lawyer or Mexican notary should be consulted. MEXICAN TRUSTS WHAT IS A MEXICAN TRUST? PARTIES TO A MEXICAN TRUST PURPOSES OF MEXICAN TRUSTS WHO CAN […]
Continue ReadingEveryone involved in real estate has heard the adage “Location, Location, Location.” While undoubtedly this saying has a lot of truth to it, no less true is the following: “Taxes, Taxes, Taxes.” Consider as well that when two countries can claim tax jurisdiction over you or your property, things become quite complicated. Real estate is […]
Continue Reading“How can I obtain a capital gains, or homestead, tax exemption on the sale of my Mexican real estate?” is one of the most frequently asked questions by expatriate residents of San Miguel when they contemplate selling their homes. Residents may not be aware that the requirement that you live in your Mexican home for […]
Continue ReadingWe all have a “Plan” that distributes the property we own when we pass away. The difference is that some of us are familiar with our plan, others are not. Those with foresight have drafted estate planning documents, including a Will, that customize the plan to meet our needs and wishes. Those who have not […]
Continue Reading