Absolute Twin Sands – Property Inspection Visits to Phuket Thailand

Absolute Twin Sands – Property Inspection Visits to Phuket Thailand

Beachfront Lots, FAQ, Inspection Visit, Kamala, Money, News, Phuket, Pre Construction, Project Management, Property Management, Retirement, Thailand, Thailand, Turn Key
Absolute Twin Sands is a stunning resort with panoramic ocean views, contemporary apartments and first class service, all in a spectacular peninsula setting minutes from Patong on the stunning island of Phuket. Nestled between two perfect white sand beaches, the apartments and penthouses enjoy breath-taking views of the Andaman Sea. Location - Situated by the sea, this spa resort is 0.6 mi (0.9 km) from Tri Trang Beach and within 3 mi (5 km) of Patong Beach and Bangla Night Street. Banana Walk and Jungceylon XD Theater are also within 3 mi (5 km). Every suite at Absolute Twin Sands has been finished to the highest standard and offers everything you desire. Every apartment has a fully-equipped kitchen, double shower and private balcony and also boasts the latest in audio-visual entertainment with…
Read More
How to purchase Edijo Land without heartache

How to purchase Edijo Land without heartache

401k, Bank Accounts, Beachfront Lots, Ejido, Land for sale in puerto vallarta, Mexico, Money, News
Can I Buy Ejido Land? Yes, it is possible to safely purchase ejido land. However the process of purchasing ejido land is exact and it must be completed correctly. It is never recommended that anyone purchase ejido land without qualified legal assistance. Is it Safe? I’ve Heard Rumors. Yes! Purchasing ejido land is safe, however most investors are sure to hear a different story. Ejido horror stories have been broadcasted by investors that have failed to understand the importance of working with a qualified attorney. Most of these ‘horror stories’ seem to originate from Baja California, and date back to the mid 1990’s, just after the Mexican constitution was changed to allow for the privatization of ejido land. Unfortunately for investors, this was a time when the entire concept of…
Read More
Understanding Capital Gains TAX in Mexico

Understanding Capital Gains TAX in Mexico

401k, Bank Accounts, Ejido, FAQ, Mexico, Money, News
Capital Gains Tax Capital gains tax law in Mexico states that tax is owed on the profit you receive when you sell your home or property. By law, you have two options when it comes to capital gains and you can use whichever is the better of the two options for you: 1. You pay 28 percent* of the net profit. (There are a variety of deductions included in this option.) 2. You pay 25 percent* of the gross sales amount with no deductions. Although a 28 percent capital gains tax may seem high, Mexico does have several laws and procedures that will assist you in maximizing your cost basis, thereby reducing your net profit and lowering your capital gains. The key is to understand these laws before you buy,…
Read More
Manifesting my construction to save on Capital Gains Tax in Mexico

Manifesting my construction to save on Capital Gains Tax in Mexico

401k, Bank Accounts, Beachfront Lots, Ejido, FAQ, Land for sale in puerto vallarta, Mexico, Money, News
What is manifesting? Manifesting is simply recording the amount of money spent on a home’s construction or remodel, in order to add it to the Owners’ cost basis. Adding to your cost basis is the key to reducing your capital gains tax. Proper documentation and manifesting your construction are vital to building your new home. Why do I need to manifest my construction? When you sell your home, the manifested cost plus the cost of your lot stated in your trust (title), will be used to determine the basis for capital gains tax. If you have not manifested your construction, Mexican tax law will not recognize your construction costs and you will not be able to use them as a deductible expense. All of your receipts, cancelled checks and bank…
Read More
The low down on Ejido Land and Land banking in Mexico

The low down on Ejido Land and Land banking in Mexico

Ejido, Land for sale in puerto vallarta, Mexico, News
The ejido is a Mexican concept not well understood by foreigners. What is an ejido, exactly? The word, pronounced ay-hee-do, is thought to be derived from the Latin exitus, meaning "the way out." Presumably ejidos got their name from being located at the outskirts of towns and cities, and they were, and some still are, small Mexican villages. The ejido is defined as a community that has joint ownership of a piece of land, lives on the land, and practices joint agriculture on it. While this was the original intention, and was once an accurate description of ejido activity, more and more ejidos today exist as land where no one lives and no agriculture takes place. The ejido was a concept practiced by the Aztecs. It has had a long…
Read More
Mexico has high taxes on rental income

Mexico has high taxes on rental income

Mexico, Money, News
INDIVIDUAL TAXATION Nonresident individuals are liable to pay tax on their Mexican-sourced income. Married couples are taxed separately. INCOME TAX (Impuesto Sobre la Renta, ISR) Income earned by nonresidents is taxed at progressive rates. INCOME TAX 2013 FOR NON-RESIDENTS TAXABLE INCOME, MXP (US$) TAX RATE Up to 125,900 (US$8,393) 0% 125,900 – 1 million (US$66,667) 15% Over 1 million (US$66,667) 30% Source: Global Property Guide   However, nonresidents may be liable to pay 25% withholding tax on their Mexican-sourced income. RENTAL INCOME There are several ways to tax rental income earned by nonresident individuals in Mexico: (1) through the 25% withholding tax and (2) by electing the business income option. 25% Withholding Tax Gross rental income from the leasing of real estate, property and time-sharing services by a nonresident individual…
Read More
Mexico’s admirable housing market

Mexico’s admirable housing market

Mexico, News
House prices in Mexico rose by 6.38% during the year to Q2 2015. When adjusted for inflation, house prices were up by around 3.35%, based on figures from Sociedad Hipotecaria Federal(SHF). This followed 4.9% (1.78% in real terms) y-o-y growth in Q1 2015, revised from a preliminary 0.61% (-2.68% in real terms) y-o-y growth estimate by SHF. Mexico´s real estate market has been buoyed by strong demand in resort communities, according to the International Consortium of Real Estate Associations (ICREA). American and Canadian buyers are returning to Mexico, after a several-year slump, thanks to low oil prices and the strong US dollar, pushing home values up. American buyers are very important as owners of beachfront properties, which were badly affected by the slump of 2009-10 in areas like Baja California…
Read More
Should You Buy A Condo Over A Single-Family Home?

Should You Buy A Condo Over A Single-Family Home?

FAQ, Health Care, Inspection Visit, Land for sale in puerto vallarta, Mexico, News, Pre Construction
Lower costs and included maintenance make condos attractive to first-time home buyers, but compared to single-family houses, condos have risks. What to know before you buy a condo. With a smaller footprint then a family home this means your condo is taking up less valuable land, you can see why more developers are building condo projects in Puerto Vallarta. First-time homebuyers can get overwhelmed quickly. Learning the terms, negotiating the loan market…even if you’re not a first-time buyer, there’s a lot to consider. In the fast-growing real estate market, many aspiring homeowners are opting for condominiums because they’re newer, smaller and often have associations that handle maintenance and sometimes provide perks like shared pools. While you shouldn’t look at any primary residence as an investment, per se, you might ask yourself: Will…
Read More
Nicaragua Canal: A Game Changer in Central America?

Nicaragua Canal: A Game Changer in Central America?

FAQ, Inspection Visit, News, Nicaragua
MANAGUA, Nicaragua -- The Panama Canal has represented the shortest route to global shipping between the east and the west for more than a hundred years. Now other countries are looking to get into the game, and that means big changes underway in Central America. More than a million ships have transited the Panama Canal since it first went into operation a century ago, and more than 14,000 vessels made use of the waterway in the last 12 months alone. The historic waterway continues as a vital link that brings products from all over the world to the American consumer. It has turned Panama into the most prosperous country in Central America. The builders of the canal never imagined it would carry the kind of volume being seen today. The…
Read More
What is the restriced zones in MEXICO

What is the restriced zones in MEXICO

FAQ, Mexico
The Restricted Zone in Mexico (known in the past as the "Prohibited Zone") is set up as such in the Mexican Federal Constitution. It is: (1) the land area within 100 kilometers of Mexico's international land borders (with U.S., Belize and Guatemala) (all of the border towns and a little more); and (2) the land area within 50 kilometers of Mexico's ocean front areas (the coast line of Mexico). In the Restricted Zone foreigners to Mexico can not own direct (fee simple) title to real estate located therein. They can however hold the title thereto via the long term irrevocable bank title transfer trust or via a Mexican corporation (depending upon the use of the property). In the trust the Mexican fiduciary bank holds the title for the foreigners and…
Read More