Selling your home can be an intimidating experience. In particular, our clients are concerned about property sale taxes.
What taxes are paid when selling a property in Yucatán?
The owner of a property in Yucatan will pay two different property sale taxes. Firstly, we have the impuesto Cedular (state tax) and secondly, we have the ISR (federal tax).
These taxes are calculated considering various factors, so only your lawyer or notary can give you the exact amount to pay
Do I have to pay taxes for the sale of my home?
The only type of property subject to tax exemption is your private residence. You can exempt taxes for an amount of up to 700,000 UDIS (approximately 4 million, 376 thousand pesos).
Click here to calculate the UDIS in pesos
Something to consider is that each seller of the property can exempt. As a result, if a house has two owners, the amount to exempt doubles.
What documents do I need as proof of residency?
In this case, the notary will request one of the following documents
- Electric bill (preferred by notaries all over the Yucatan)
- Telephone bill
- Bank statements
- A voting card that with the address of the house for sale
- All of these documents can be in the name of the taxpayer or direct relatives such as his spouse, parents, or children.
- You can only exempt taxes once every 3 years.
- If you are considering selling your home, be sure to update your information on utility bills.
- You must make sure that the receipts have your RFC (federal taxpayer registry), nowadays notaries are requesting this. Avoid delays and problems when trying to sell your house! If you have questions or are looking for advice to sell your property, contact us.
*Casas en Valladolid, we are the only certified real estate agents in town! Do not *risk your investment, come to see us!
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