{"id":9926,"date":"2018-12-03T10:00:09","date_gmt":"2018-12-03T15:00:09","guid":{"rendered":"https:\/\/quadranslawandfinance.com\/?p=9926"},"modified":"2018-12-03T10:05:45","modified_gmt":"2018-12-03T15:05:45","slug":"housing-and-capital-gain-law-in-mexico","status":"publish","type":"post","link":"https:\/\/quadranslawandfinance.com\/en\/blog\/housing-and-capital-gain-law-in-mexico\/","title":{"rendered":"Housing and capital gain law in Mexico"},"content":{"rendered":"<h1 style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Housing and capital gain law in Mexico<\/strong> <\/span><\/h1>\n<h3 style=\"text-align: center;\"><span style=\"color: #000000;\"><em>In Mexico, 75% of the use of land corresponds to housing, thus it is of great importance.<\/em><\/span><\/h3>\n<p><span style=\"color: #000000;\">Housing conforms an important part of family heritage, principally as a place where to live, though it may also be considered as a savings and investment for resource preservation.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">Housing Law must be updated every certain period of time to offer new properties according to modern times, and create quality infrastructures with necessary sites for attention and recreation.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">According to the Political Constitution of the United Mexican States, Chapter 1, Article 4: \u201cEvery family has the right to live in a dignified and decorous housing. The Law shall establish the instruments and supports needed to attain such goal.\u2019\u2019\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">In its single clause, Article 2 of the Mexican Housing Law describes that it is considered dignified and decorous housing that which \u201c\u2026complies with the legal dispositions regarding human settlements and construction, inhabitability, salubrity, has basic services and offers its inhabitants legal certainty of their property or legitimate possession, and takes into account criteria for disaster prevention and physical protection of its inhabitants before potentially aggressive natural elements.\u2019\u2019\u00a0<\/span><\/p>\n<h3 style=\"text-align: center;\"><span style=\"color: #000000;\"><em>To acquire a property, a housing savings must be created.<\/em><\/span><\/h3>\n<p><span style=\"color: #000000;\">Article 59 mentions that \u201c\u2026programs that incorporate the beneficiaries previous savings will be fomented, using credit institutions and organizations for the collection of popular savings.\u201d\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">Article 60 establishes that \u201cprograms that stipulate that, to the agreed settlement of the deposits in the amounts and savings periods, credit commitment, subsides or both, as appropriate, shall be established, without prejudice to other eligibility requirements that set applicable dispositions, considering the socioeconomic conditions of the beneficiaries\u2019 savings, will be fomented.\u201d<\/span><\/p>\n<h2><span style=\"color: #000000;\"><em>Capital Gain law\u00a0 <\/em><\/span><\/h2>\n<p><span style=\"color: #000000;\">Capital gain is the added value a property gains over time, which increases the cost of purchase and sale in the market. It is also defined as the tax on the increase in the value of the land, that is, the terrain. The seller is who must pay for the capital gain tax.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">Elements that influence the value of the capital gain:\u00a0<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Location of the property<\/span><\/li>\n<li><span style=\"color: #000000;\">Services of the zone<\/span><\/li>\n<li><span style=\"color: #000000;\">Antiquity of the construction<\/span><\/li>\n<li><span style=\"color: #000000;\">Costs of remodelling<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: center;\"><span style=\"color: #000000;\">Not only is a house sold or purchased, but the surroundings and the investment made are considered as well.\u00a0<\/span><\/h3>\n<h4 style=\"text-align: center;\"><span style=\"color: #000000;\">Legal and Accounting Consulting in Playa del Carmen<\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Housing and capital gain law in Mexico In Mexico, 75% of the use of land corresponds to housing, thus it is of great importance. Housing conforms an important part of family heritage, principally as a place where to live, though it may also be considered as a savings and investment for resource preservation.\u00a0 Housing Law [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":9925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-9926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Housing and capital gain law in Mexico - QuAdrans law and finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/quadranslawandfinance.com\/en\/blog\/housing-and-capital-gain-law-in-mexico\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Housing and capital gain law in Mexico - QuAdrans law and finance\" \/>\n<meta name=\"twitter:description\" content=\"Housing and capital gain law in Mexico In Mexico, 75% of the use of land corresponds to housing, thus it is of great importance. 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