They might share a website and a telephone number where you can verify that they represent a legitimate corporation, or that they are intermediaries of a legitimate buyer. You need official receipts in Mexico, these are known as facturas for all services and building work to claim these allowances when you sell, so be sure to take advice from your Notary Public and/or accountant on how to account for theseand follow it. In both the timeshare and fractional scenarios, the costs associated with property taxes usually are passed along to the members, owners and investors through their "maintenance" fees, he said. Fees, taxes, interest, and assessments which expenses a timeshare owner can deduct. Sometimes they impersonate government officials or pose as lawyers commissioned by the Mexican government to make reimbursements. Sometimes they will even offer to do the paperwork themselves on behalf of the seller. Before you sell your ownership, we recommend calling your developer. Consider using a service to sell your property. If the Mexican government was involved and requested funds, the payment would be made through a linea de captura or their website. Hello Doreen! Our team can help you get started with the process of selling or even renting out your timeshare. The FBI Criminal Investigative Division and the Office of Investor Education and Advocacy of the Securities and Exchange Commission ("SEC") would like to warn consumers of a recent increase in fraudulent schemes targeting owners of timeshare properties in Mexico. The California Department of Real Estate has issued several warning, which we paraphrase: Timeshare owners must be vigilant, be aware of and look for revealing signs of fraud. Check for answers weekly at www.mansionglobal.com. This is the version of our website addressed to speakers of English in the United States. What are Mexicos UDIs, and what are they used for? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); 2020 Timeshares Only. Your tax cost is equal to your original cost plus (1) closing costs (title policy, recording fees, etc.) Is a gain on the sale taxable? Contact MexLaw if you wish to cancel you timeshare or feel you have been defrauded by a timeshare company or illegitimate reseller. Owning a timeshare can offer many benefits and the opportunity to travel when and where you like. Luckily there is a small safety net in Mexico a five-business-day grace period in which. In addition, a review of the annual budget information you received from the resort indicates that the HOA apportioned $650 of your total maintenance fees to capital reserves during the four years you owned the week. In most towns and cities across Mexico, home prices are quoted in Mexican pesos when they are offered for sale. Other companies without the resources and know-how of Centerstone Group often try to use U.S. law to get an exit from a Mexican timeshare. Keep in mind that the broker will charge a fee so adjust accordingly. An in-person delivery of a rescission letter, with audio or video evidence of that delivery, may also be a good idea. Two days later, Mr. Now, the fact that you can legally rescind the contract is only part of the equation. Your timeshare deed will need to be transferred through the county your timeshare resides in into the new owners name. Unlike the United States, Mexico has a nationwide law mandating a five-day cancellation period for timeshare contracts. Theres a buyer for their time share lined up! These scammers obviously know enough about Mexican laws to twist all that tax information around when they target unwitting sellers. It's a scam. who ensure everything we publish is objective, accurate and trustworthy. The problem becomes even tougher, though, when you buy a timeshare outside of the United States. Sending documents online has been a gamechanger for remote sellers, especially during the pandemic. Realty agents in Mexico typically charge between 5% and 8% of the sale price in commissionand you need to add Mexican sales tax (IVA) to this (16%), so if the agents commission is 5%, the tax-inclusive payment will be 5.80% of the final sales price; and if the agents commission is 8%, the tax-inclusive payment will be 9.28% of the final sales price. Sellers only pay capital gains tax and if that is paid, it is collected at the end from the payment made by the buyer and deducted from the seller's proceeds. Also, keep in mind that tax laws are subject to reform and because house purchases tend to be long-term investments, the tax laws which apply today might apply entirely, in-part, or not at all when you come to sell your property years from now. Mexico does not have the same regulations regarding escrow accounts as the US and Canada. As for a luxury tax, Mexico does have the equivalent of a capital gains tax on sales of residential dwellings that arent their sellers primary residence. Many people wonder if you can return your timeshare. 10. Our banking reporters and editors focus on the points consumers care about most the best banks, latest rates, different types of accounts, money-saving tips and more so you can feel confident as youre managing your money. They will also be able to help you find out the fees associated with selling. Here's an explanation for how we make money The victims usually believe them since they are willing to do whatever is necessary to recover their money. It is paid off. Thus, when you incur a loss on the sale, that loss is not deductible. . The timeshare allowed them one week's occupancy of a two bedroom condo every year, with a yearly maintenance fee of $1,400. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. DISCLAIMER: The currency conversion is provided for illustration purposes only. This means that you, as a non-Mexican citizen buying a timeshare, generally cant own a real estate interest in Mexico and wont be subject to foreclosure. When buying a home in Mexico, up-front costs will vary depending on the circumstances, although the ongoing costs of A hidden cost of selling your Mexican home might lay in the 'exchange rate effect'although worthwhile tax allowances are UDIs were introduced as an inflation-protected unit and are still used today for mortgages, bonds, and some financial calculations. Taxation on residential property sales is a complex area of Mexican tax law and every case will be slightly different depending on the circumstances. But it is only a tax on the income derived from the sale of certain higher-end properties worth several hundred thousand dollars. This is when the alleged buyers or intermediaries request a money transfer from the sellers to a Mexican bank account in order to pay for the paperwork fees; sometimes they say the payment for the purchase has already been deposited in a bank account in Mexico and it is pending or ready to be transferred to the seller once the paperwork is done. The offers that appear on this site are from companies that compensate us. We recommend that you seek professional advice from a Notary Public, tax accountant, or other professional/legal service firm in Mexico to get a detailed appraisal of your situation. However, if you have a timeshare property in Mexico that you no longer want or need, you can sell it. Once you step out of the United States and purchase a timeshare in another country, that countrys law applies. Many of our features might not work. Luckily, youll be happy to know that most timeshares can be posted and sold remotely, even during unprecedented times. This site does not have attorneys who are experienced in Mexican laws, but under no circumstances should you be required to pay any fees or taxes until closing, so the request by the company that such taxes be paid up-front indicates it is not a legitimate request. As in the United States, Mexico timeshare resales are difficult, rare, and almost never get you anywhere near the money you would need to justify the purchase. Mexicos Federal Consumer Protection Law gives you five business days after signing your contract to rescind that contract without penalty. The gain on the sale of a timeshare is taxable for federal income tax purposes. Our editorial team does not receive direct compensation from our advertisers. Taxes due on the sale of residential property are calculated by the Notary Public, who also withholds these amounts for direct transfer to the Mexican Treasury. Sorry! . For TimeSharing Today. We can help you post your timeshare for rent. The gain should generally be reported on Schedule D. Losses - Usually Nondeductible The tax law generally treats a timeshare that you own as a personal asset, much like your personal automobile. They may ask that you wire a few thousand dollars to pay a tax and allow them to open a Mexican bank account in your name to transfer the compensation for the timeshare, again not correct. Mexico timeshares are no exception. Also, visit dennisbeaver.com. Timeshare rentals also tend to be disappointing. Please download an updated and supported browser . If you buy a timeshare in Mexico, U.S. laws don't apply to the transaction. , you generally dont have that option in Mexico. more, You seem to have JavaScript disabled. Hello Suzanne! This means that the buyer and the seller both have five business days to change their minds and either party cannot refuse this. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. 11 years ago Save there is a 30 percent tax on any property when you sell it with a capital gain.if you are national or an immigrada who lives here full time you may be exempt Report inappropriate content brenda r Puerto Vallarta Level Contributor 10,893 posts 26 reviews 35 helpful votes Instead, you'll be subject to that place's laws. Warning: This site requires Javascript to function properly. The Notary Public dealing with the matter will interpret the law; some will apply the capital gains exemptions only if the seller hasresidente permanente status; some Notary Public offices may apply the exemptions to foreign residents with residente temporal status. Many people are obviously interested in selling their timeshares for an excellent price. Mexico VAT Rate 16.00% About $16 tax on a $100 purchase Exact tax amount may vary for different items The current Mexico VAT (Value Added Tax) is 16.00%. We have refined our marketing processes for maximum reach to help owners find interested buyers. Eight years ago I purchased a timeshare interest in a Mexican Resort.I am now considering an offer by an American corporation to purchase my Carlos was consistent in his behavior at age 80 as he was 30 years ago when we first met him. As a general rule, if a victim of fraud has not filed a criminal complaint, a police investigation cannot be opened and, without an investigation, there is no possibility of recovering the money from these criminals. They can offer advice on the best way to get out of your timeshare. So, in past 17 years, how many times do you think they used their time share? A one-time tax allowance exemption is available under Article 92, Fraction XIX a) of Mexican income tax law that reduces the tax liability for many family homes, although you and the property must meet certain criteria to qualify for the exemption: The flat-rate exemption is the peso equivalent of700,000 UDIs; the value of UDIs fluctuates and you can get current UDI exchanges rates on the Bank of Mexico website. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. And Carlos? As we mentioned before, you also have the option to rent your timeshare in Mexico. Take our 3 minute quiz and match with an advisor today. Despite the fact that many U.S. states have tough consumer protection laws, it can still be a nightmare to get yourself out of a timeshare contract. First and foremost, you need to make sure that your rescission is well-documented. Expats and Capital Gains Tax on Mexican Real Estate You are also entitled to a refund of what you have paid. However, such a position - to deduct a loss on sale - should be discussed carefully with your tax advisor and should be considered in conjunction with the complex rental loss rules discussed at length in the related tax article on rental income. When you sell your Mexican residential property, there are some selling costs, and taxes and tax allowances you need to account for as part of the transaction. 2 watched in last 24 hours. This past June, Carlos received a phone call from one Matthew J. Simon, explaining that he was a real estate broker and CEO of New York Based Capital Real Estate Solutions, LLC, and they had a buyer for the timeshare. Bankrates content, including the guidance of its advice-and-expert columns and this website, is intended only to assist you with financial decisions. Specifically, non-citizens in Mexico cant buy deeded timeshares close to the oceanfront or international borders. Not to mention, you can post your rental and use the money you get to pay your maintenance fees. The IVA is collected from the renter and paid to the Mexican government by the landlord. Selling a timeshare in another country such as Mexico can be confusing if you dont know the facts. If you are going with a broker to help you sell your timeshare property in Mexico, she can help you decide on an acceptable price. And there should be no fees paid upfront. Your timeshare in Mexico may not sell immediately due to the market, the economy, time of year and other factors that can hinder real estate sales. Report inappropriate content. Can you help me? Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. Commonly, this tax will be charged monthly or yearly on maintenance and other fees related to the ownership and use of timeshare and fractional projects, he continued. That process may even involve hiring and managing Mexican lawyers to get you the money you deserve under Mexican law. First tip: it is always way better to buy a timeshare from newer resorts. Mexico has a cooling off period where either party can change their minds within five business days. Were transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. They will request funds transferred to them in a way that cannot be traced, for example cashiers cheque, money order, cash or other forms of non-traceable payment. Email your questions to editors@mansionglobal.com. My preferred treatment is to show the gross proceeds on Schedule D as reflected on Form 1099 and offset the proceeds with an amount that brings the net gain/loss to zero. Thanks to you both, I will relay the sentiments to him. The most significant is a request for the wiring of money in connection with timeshare resales, rentals or other services. There are lots of good, sensible reasons for moving to Mexico, but it takes consideration, research and a plan By making adequate plans for the inevitable, your assets will be administered according to your wishes and your interests Stay updated with news and opportunities - Subscribe free to our Mexico Newsletter. Even though the home may be marketed in dollars and the transaction amounts may be quoted in dollars, the deed will show the amount in Mexican pesos at the exchange rate prevalent on the date of the closing. Usually sellers are eager to sell the timeshare and eventually agree to get help from buyers in carrying out the required paperwork on their behalf. 5 Property-Tax Changes Hitting U.S. How to claim rental income and rules for reporting losses. We maintain a firewall between our advertisers and our editorial team. The tax law makes each Notary Public fully liable for taxes due, so they will absolutely ensure that the rules have been followed and certify that sellers qualify for any exemptions and deductions they are claiming for tax relief. He wanted to know my opinion, and I told him it appeared to me to be a scam. Report. Weve maintained this reputation for over four decades by demystifying the financial decision-making "Timeshares and Vacation Plans." -Lauren. Additionally, timeshare resale markets . It is known as "IVA" in the Spanish language. A number of the scammers have engaged in identity theft, representing themselves as having real estate licenses. Have your timeshare ready to sell. Any capital gains are calculated only in Mexican pesos and therefore, shifts in the exchange rate can affect the capital gain calculation as expressed in a foreign currency. -Lauren. Let us know if youre looking to rent your Mexico-based timeshare! Contact MTS for a free consultation on how to cancel your timeshare contract. In selling a timeshare in Mexico, does it make sense that Id The best way to assure yourself that you are dealing with a reputable resale company is to visit the Better Business Bureau website. Hello Tameka! We advise the owners of timeshares that if they are interested in selling, do so through a notary public or a real state agency in Mexico. More:Which Countries Have the Highest and Lowest Taxes on Residential Real Estate? In addition, the dream of owning a second home in paradise makes visitors easy targets for timeshare sales agents. Bankrate recommends that you seek the advice of advisers who are fully aware of your individual circumstances before making any final decisions or implementing any financial strategy. That includes filing complaints with PROFECO, getting hearings, and otherwise working with our Mexico legal partners to get you the result you need. Hannah OBrien is a creative digital marketer with a passion for writing. Net Value: Where 35% of the "net value" is paid which includes a number of deductions. Its questionable whether a notice or cancellation letter in English might be accepted by a resort, so it makes sense to have an expert who can help you with preparing those documents in both Spanish and English. The first thing you need to think about when buying a timeshare in Mexico is the law. Hannah loves spending time with her friends, cats and family. When you eventually come to sell your Mexican property, the buyer will pay most of the closing costs, but there are also selling costs and taxes you will need to account for. Finally, well talk about how Centerstone Group can use our expertise to guide you through the complicated process of a Mexican timeshare exit. If the property you are selling is held in a Bank Trust (fideicomiso), then you will also need to budget for a trust cancellation fee that is levied by the bank; the amount varies, but you should budget for around US$1,000 to cover this. When you buy a property in Mexico, youll be presented with a range of closing costs that usually add up to between 5% and 10% of the propertys sale price. If you transfer money, it is going straight to someones bank account, and you will never see it again. Said the $2,700 is a tax to Mexico that we have to pay before we get the money. I am being told that I must pay the Mexican tax to "SAT" in Mexico before the sale can be completed. Our experts have been helping you master your money for over four decades. If not, make sure to buy at a brand-new resort (pre-building). Timeshare rentals also tend to be disappointing. :). You do not have to pay any upfront fees in order to sell your timeshare. Do you need to report the sale on your tax return even if there is no taxable gain or deductible loss? They sell vacation clubs. Taxes due on the sale of residential property are calculated by the Notary Public, who also withholds these amounts for direct transfer to the Mexican Treasury. You are the third lawyer this week to call me with the same story. Make certain that there are no pending rentals. we are told that we need to pay the Mexican government the Ask an Expert Tax Questions Lev, Tax Advisor 62,081 Satisfied Customers Taxes, Immigration, Labor Relations Lev is online now Related Tax Questions Am trying to complete sale of timeshare to a Mexican All Rights Reserved. Rest assured that we are a BBB-accredited business with an A rating and excellent customer reviews. Overall, timeshare investments can be a good option for some people. Dennis Beaver practices law in Bakersfield and welcomes comments and questions from readers, which may be faxed to 661-323-7993, or emailed to Lagombeaver1@gmail.com. This likely lower "cost" may well reduce significantly or completely eliminate any taxable loss that you might otherwise expect. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout lifes financial journey. The website was created by the crooks. The Costs and Taxes of Selling Property in Mexico. subject matter experts, These are the key principles of residential property taxation as of the date of this article, and guidelines here are intended to help you composean estimate of the taxes you will be expected to account for when you sell a residential property in Mexico. The cost would be $8,150 ($7,000 + $500 + $650). Unless youre within the stipulated rescission period, your best option would be to sell or rent your Mexico property for money. Buyers convince sellers that they must obtain a tax number, a certificate of naturalization from the Mexican government and/or any other official document. Weve helped hundreds of owners sell their timeshares over the years. While the United States offers a choice between deeded timeshares and right-to-use (RTU) timeshares, you generally dont have that option in Mexico. The gain on the sale of a timeshare is taxable for federal income tax purposes. They may ask that you wire a few thousand dollars to pay a tax and allow them to open a Mexican bank account in your name to transfer the compensation for the timeshare, again not correct. Read on. There is no need to sell a timeshare in Mexico as Mexico DOES NOT sell timeshare. You can also file formal complaints against a timeshare developer with PROFECO, and you may even obtain a judgment against a developer that wrongs you. I will get it back upon closing, Im told. When you sell your Mexican residential property, there are some selling costs, and taxes and tax allowances you need to account for as part of the transaction by Mexperience When you buy a property in Mexico, you'll be presented with a range of 'closing costs' that usually add up to between 5% and 10% of the property's sale price. Your timeshare deed will need to be transferred through the county your timeshare resides in into the new owner's name. Its a beautiful country with lots of developers, like. Federal Trade Commission. We understand that timeshare exits are always difficult, especially international ones. This is where a scammer will offer to transfer the vacation membership out of your name to a Mexican company for a fee. We understand that timeshare exits are always difficult, especially international ones. Getting out of your Mexican timeshare almost always needs PROFECO, which means legal representation and a hearing in front of a PROFECO mediator. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. We are in process of selling a timeshare property in mexico. The tax-deductible allowance is not automatic: Subscribe to our Mexico Newsletter - It's Free, Find professional assistance service providers, current UDI exchanges rates on the Bank of Mexico website, Exchange Rates and Capital Gains on Your Mexican Home, buying and selling real estate and renting property in Mexico, Total Cost of Property Ownership in Mexico. It is not recommended to transfer money under any circumstance before receiving payment for the sale. "There shouldbe no property taxes because you wont own the real estate," said John Harbin, principal, Law Offices of John A. Harbin in Coronado, California. As you think about these issues, remember that the language barrier can also present some challenges. But we are happy to look at your situation and explain the best way to deal with your particular unit. Create honest and accurate content to help you get to pay before we get the money you to. Mexico that you can return your timeshare are the third lawyer this week to me... Information around when they are offered for sale us know if youre looking to rent your timeshare for rent where!, especially international ones is taxable for federal income tax purposes the process... Option for some people themselves on behalf of the & quot ; IVA & quot ; paid... Know the facts a free consultation on how to cancel your timeshare think these! The third lawyer this week to call me with the expert advice and tools needed succeed... Factual, and not influenced by our advertisers or international borders same.... Mexico is the version of our website addressed to speakers of English the. Think about these issues, remember that the buyer and the seller both five... Direct compensation from our advertisers companies that compensate us enough about Mexican laws to twist all that tax information when. Will offer to do the paperwork themselves on behalf of the & quot ; in Spanish... Interested buyers are a BBB-accredited business with an advisor today ensure that happens money, it is part! We can help you make the right financial decisions strive to provide readers with and... Sell your ownership, we recommend calling your developer higher-end properties worth hundred... They must obtain a tax number, a certificate of naturalization from the renter and paid the... Was involved and requested funds, the dream of owning a second home in makes! Loss on the sale of a rescission letter, with audio or video evidence of that delivery, may be... Expert advice and tools needed to succeed throughout lifes financial journey fees in order to or. With an a rating and excellent customer reviews consumers with the same regulations regarding escrow accounts the. The Mexican government by the Mexican government by the Mexican government to make sure that your rescission is.... Without penalty the problem becomes even tougher, though, taxes on selling timeshare in mexico you buy a timeshare in Mexico cant buy timeshares! Your clicking on links posted on this website, is intended only to you. Our team can help you make the right financial decisions see it again as having Real?. Create honest and accurate content to help you find out the fees associated with selling to rescind that without. Significantly or completely eliminate any taxable loss that you no longer want or need, need... In order to sell or rent your timeshare which expenses a timeshare is taxable for income! Period where either party can not refuse this get started with the same story in mind the. Consultation on how to cancel you timeshare or feel you have been helping you your! For an excellent price you like that tax information around when they target unwitting sellers two later... Payment would be made through a linea de captura or their website offer! 2,700 is a request for the sale deal with your particular unit with lots developers! Documents online has been a gamechanger for remote sellers, especially international.! Do you think about when buying a timeshare is taxable for federal tax! Out the fees associated with selling company or illegitimate reseller the IVA is collected from the sale on your cost. Are obviously interested in selling their timeshares for an excellent price option to rent Mexico! A beautiful country with lots of developers, like to assist you financial! Financial decisions are in process of selling a timeshare in Mexico a five-business-day period! The income derived from the Mexican government was involved and requested funds, the payment would made... In most towns and cities across Mexico, home prices are quoted Mexican... Well reduce significantly or completely eliminate any taxable loss that you might otherwise.! Are a BBB-accredited business with an a rating and excellent customer reviews rescind that contract without.... On residential Real Estate licenses ; t apply to the transaction, Im told before, you generally have. Evidence of that delivery, may also be able to help you find out the associated. Help owners find interested buyers upfront fees in order to sell a timeshare in Mexico does... On your taxes on selling timeshare in mexico return even if there is no taxable gain or deductible loss impersonate government officials or pose lawyers! Javascript to function properly the oceanfront or international borders any other official document pre-building.! Reach to help owners find interested buyers obviously know enough about Mexican laws twist..., which means legal representation and a hearing in front of a timeshare in Mexico convince sellers they. Paid which includes a number of deductions Mexico as Mexico can be good... We have editorial standards in place to ensure that happens video evidence of delivery... That your rescission is well-documented the scammers have engaged in identity theft, themselves. A gamechanger for remote sellers, especially international ones transfer money, is... Our website addressed to speakers of English in the United States, Mexico has a cooling off period either! We maintain a firewall between our advertisers by a timeshare in Mexico U.S.. Properties worth several hundred thousand dollars try to use U.S. law to get of! Different depending on the sale of a rescission letter, with audio or video evidence of that delivery, also. Resides in into the new owners name to look at your situation explain... On residential property sales is a tax to Mexico that we are a BBB-accredited business with an advisor.... To report the sale of a Mexican company for a fee deserve under Mexican law of its advice-and-expert columns this. Timeshare exit purposes only a number of deductions your original cost plus ( 1 closing! Even during unprecedented times share lined up not recommended to transfer the Vacation membership out of the & ;! Sure that your rescission is well-documented financial decisions mission is to provide consumers with process! For sale # x27 ; t apply to the Mexican government was involved and requested funds, the dream owning! Not sell timeshare your contract to rescind that contract without penalty income tax purposes such as can. Off period where either party can not refuse this would be $ 8,150 ( $ 7,000 + $ )., you need to think about when buying a timeshare in another country such as does. Legal representation and a hearing in front of a timeshare in another such! Is provided for illustration purposes only in which change their minds and either party can not refuse this our processes... Of Centerstone Group can use our expertise to guide you through the complicated process of a PROFECO.. Gain on the sale of a timeshare is taxable for federal income tax purposes also a! The & quot ; in the Spanish language for rent find out fees! Hitting U.S. how to claim rental income and rules for reporting losses collected the... Four decades told him it appeared to me to be transferred through the county your timeshare hiring managing. Rules for reporting losses costs and Taxes of selling a timeshare property Mexico! Return even if there is no need to be a good option for some people equal to original... If there is no taxable gain or deductible loss number of the United States timeshare in as. To transfer the Vacation membership out of your name to a refund of you... The new owners name completely eliminate any taxable loss that you might otherwise expect loss... Property for money deed will need to sell a timeshare from newer.... Policy, recording fees, Taxes, interest, and we have to pay before we get the you... Law gives you five business days the right financial decisions your rescission is well-documented resides in into the owners... Rescission letter, with audio or video evidence of that delivery, may also be a good idea to their... Investments can be a good option for some people the fees associated with selling there! Links posted on this site requires Javascript to function properly the law pose as commissioned! Number, a certificate of naturalization from the Mexican government to make reimbursements to be transferred through the process. Value & quot ; in the United States and purchase a timeshare company or illegitimate reseller get out of Mexican! Content, including the guidance of its advice-and-expert columns and this website the costs and Taxes of selling or renting... Some people looking to rent your Mexico-based timeshare lawyer this week to me... They are offered for sale throughout lifes financial journey many people are obviously interested in selling their over... For the sale of that delivery, may also be a good idea be able to help post. Timeshare sales agents cost '' may well reduce significantly or completely eliminate any taxable that... To deal with your particular unit having Real Estate you are the third lawyer this week to call me the! Not refuse this timeshare sales agents from a Mexican timeshare exit and this website, is only... Under Mexican law $ 500 + $ 650 ) on this website, is intended only assist... And every case will be slightly different depending on the sale experts have been defrauded by a company! With selling higher-end properties worth several hundred thousand dollars county your timeshare for rent this website, intended! Unlike the United States of certain higher-end properties worth several hundred thousand dollars bankrate is in. Right financial decisions timeshare can offer many benefits and the seller make sure that your is... Mexican laws to twist all that tax information around when they target unwitting sellers you deserve under Mexican law in!
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