I would appreciate it if someone could give me a quick overview of the
up-to-date position on Death Duties, with any Links, as appropriate.

Many thanks.

Bryan

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Clarification of Question by probonopublico-ga on 21 Apr 2004 09:42 PDT

Hi, Answerfinder

You've done enough!

Post an answer quickly before someone else sneaks in.

Warmest whatsits

Bryan

Now, why not have a look at the Belge situation?

Bryan,
Thank you for accepting my comment as meeting your requirements.

"Estate and Inheritance Taxes
The fact is that Mexico does not have either an estate tax or an
inheritance tax. You should be aware, however, that when you receive
property from an inheritance or bequest most people will want to
register the property in question in their name. Property thus
received is not exempt from regular registration and closing costs.

Acquisition Taxes and Registration Fees
When acquiring property, by purchase, gift, inheritance, or otherwise,
there are several taxes and fees that you should be aware of.
Principal among these is the acquisition tax, which runs about 2% of
the property value. Other fees include: certificate of
non-encumbrance, notario7 and other attorney fees and appraisal fees.
The parties to the real estate transaction usually negotiate who will
pay the fees for the certificate on non-encumbrance and the appraisal.
Notario fees are generally split equally between the parties. The
acquiring party pays for the acquisition tax and the seller bears the
burden of the capital gains taxes."
Source
http://www.zihua-ixtapa.com/~anotherday/2000_2001/feb/taxes.htm

Additional information on
http://www.ricardobarraza.com/legal.html

answerfinder-ga

Search strategy
Variations of Mexico death inheritance tax "tax issues"

Hi, Answerfinder

Excellent!

Many thanks for your help.

Bryan

Bryan,
I'll leave this for a Spanish language researcher, but the following
may be of interest.

"Estate and Inheritance Taxes
The fact is that Mexico does not have either an estate tax or an
inheritance tax. You should be aware, however, that when you receive
property from an inheritance or bequest most people will want to
register the property in question in their name. Property thus
received is not exempt from regular registration and closing costs.

Acquisition Taxes and Registration Fees
When acquiring property, by purchase, gift, inheritance, or otherwise,
there are several taxes and fees that you should be aware of.
Principal among these is the acquisition tax, which runs about 2% of
the property value. Other fees include: certificate of
non-encumbrance, notario7 and other attorney fees and appraisal fees.
The parties to the real estate transaction usually negotiate who will
pay the fees for the certificate on non-encumbrance and the appraisal.
Notario fees are generally split equally between the parties. The
acquiring party pays for the acquisition tax and the seller bears the
burden of the capital gains taxes."
Source
http://www.zihua-ixtapa.com/~anotherday/2000_2001/feb/taxes.htm

Additional information on
http://www.ricardobarraza.com/legal.html

answerfinder-ga