New Real Estate Law Update

Oct 2014 Hello again! I want to share really great news
regarding the tax resolutions for real estate purchases. The Mexican government
has clarified and amended the resolutions published on July 4th, 2014 as
follows:

·        
Non Mexican Sellers are not required to obtain the CURP nor
the RFC to sell a property unless they wish to attempt exempting capital gains
(in that case, the requirements are the same: permanent residency, bills to
prove the property is their primary household, RFC and the letter from SAT formato
36- acknowledging the seller as a permanent resident for tax purposes).
*Mexican Sellers will have to provide a copy of their CURP and RFC prior to
closing.

·        
Purchasers will no longer have to attain Temporary Residency.
Notaries will use a generic CURP.

·        
Purchasers will be issued an RFC with a Tourist Visa. The
purchaser will have to attend a quick meeting at SAT with his/her Passport,
Tourist Visa, and evidence of domicile from Mexico (any utility bill).

Please
share this information and let me know if you have any questions! I will
continue to inform you of updates regarding this matter.