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Fideicomiso Vs Corporation

fideicomiso corporation

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#1 Bart

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Posted 04 February 2018 - 10:16 AM

Alright I know I've read it but can't find it.

We have a contract to buy a house between Chelem and Chuburna.  We are trying to decide on the form of ownership.

Right now we'll just use it ourselves.  Later we maybe want a waterfront, but we don't know yet whether we'll keep this, sell it or rent it.  So we were leaning towards the Corp. route.  Does anyone currently have a bookkeeper that files a monthly "no income" statement on a corporation?  Just wondering what the hassle is and what the bookkeeper charges?

Thanks. Bart





#2 ChuckD

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Posted 04 February 2018 - 08:11 PM

If it’s only for yourselves, the fideocomiso is the way to go. I’m not sure that no income corporations are still acceptable. You will be ahead if you ever sell by not having to pay capital gains tax. There are also rental income options with a fideocomiso.

You could talk to Javier Cervantes an accountant with Yucatan Compass.

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#3 CasiYucateco

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Posted 07 February 2018 - 01:36 PM

You'll love being audited by The Hacienda on a "no income" corporation. Made that mistake about 1999 or so.
If they believe you have created a corporation for the purpose of skirting (any) other laws, you'll have lots of fun.

 

A corporation is generally the option to consider if you are running a business - rental properties, business out of your home, etc. And then you report income and you pay your taxes.

 

The capital gains avoidance part is not guaranteed under a fideicomiso (there are conditions under which you won't have to pay it upon sale), but you will absolutely have to pay capital gains tax on a corporation property sale.

 

Even if you are not given any official hassle over a no income corporation, the filing fees are going to be about what your fideicomiso fees will be anyway. Why have the hassle of monthly filings and fees when you can just pay once per year?


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