Real estate taxes every owner should know
Whether buying, selling or owning property in Mexico, there are tax obligations you must meet.
Buying taxes
ISAI varies by state (2-5.8%). New residential property may be VAT exempt for personal use.
Selling taxes
ISR on gain. Exemption exists for primary residence sold once every 3 years under ~$5.4M MXN.
Ownership taxes
Annual property tax (predial). Rental income taxed with 35% blind deduction or real expenses option.
Conclusion
Real estate taxes are optimizable with proper advice. Consult a specialized accountant.
