NuWire Investor just came out with a great article outlining some of Mexico’s tax laws that apply in real estate transactions (
Mexico Real Estate: How to Navigate Mexican Tax Law). It seems that each month we get progressively more calls about purchasing foreign real estate with a
self-directed IRA. It is always important to familiarize yourself with the foreign laws applicable to your transaction.
This article points out that a corporation or a specialized trust will need to be created to hold the property and that any taxes will need to be filed by a Mexican accountant if the property is held in a Mexican corporation – all important things to know!
posted by
Guidant Financial Group
@
3:00 PM
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