Transfer money from Mexican bank to U.S. - View Single Post
View Single Post
  #6 (permalink)  
Old 28th June 2011, 05:57 PM
Schmo Schmo is offline
New Member
Join Date: Sep 2010
Location: Celaya
Posts: 24
Rep Power: 0
Schmo is on a distinguished road

Users Flag! Originally from usa. Users Flag! Expat in mexico.

Taxes, oh boy howdy. It depends on your status here. I'm here on a "No Inmigrante" as are many folks. That means when you sell you pay 25% on the sale price up to what you paid for it. If you make a profit it goes to 30% and that is of the total sales price not just on the profit. I'm getting ready to sell and have confirmed this with two different attorneys.