Closing Taxes and Expenses in Mexico

Today we’re here to talk about the closing taxes and other costs and expenses you should take in consideration when buying or selling property in Mexico. Whether it is land, an apartment or a house, you can get great value for money in comparison to prices in the US and Europe. Although, prices in someContinue reading “Closing Taxes and Expenses in Mexico”

Acquisition Tax in Playa del Carmen, Update 2020

When purchasing property, there are some added costs during closing that you should consider. One of them is the acquisition tax or transfer tax. This is, in Spanish, “Impuesto Sobre Adquisiciones de Bienes Inmuebles” This tax went from 2% to 3% as of January 2020. The acquisition tax is calculated on the assessed value ofContinue reading “Acquisition Tax in Playa del Carmen, Update 2020”