Paying tax on your rental income in Puerto Vallarta - Conversation with Tax Accountant

People, for many years, have done very well buying Real Estate here and renting out their property for the income/investment. But what are your tax obligations on your rental income? This video addresses those questions! I hope it provides some value. Feel free to reach out directly to Paula Blanco if you have any follow up questions on this topic. OR if you need a bilingual Mexican tax account specialising in rental income tax services.
Paula Blanco
Website and Educational blog posts: www.equilibrium.mx
Email: [e-mail]
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Regards Paul Trimmer
Paul Trimmer Real Estate Agency
"Real Estate Expert in Puerto Vallarta"
Website: www.paultrimmer.com/
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Who's Paul Trimmer? He's a New Zealander, living in Puerto Vallarta, successfully helping friends and clients buy and sell real estate.
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[@bobmcmurphy7700]

Very well done!

[@andrewthacker114]

Interesting clip, more involved than I thought.

[@GaryShirkPV]

Thank you Paul and Paula! This is the best, most in depth, yet clear explanation of rental taxes in Mexico I’ve ever seen

[@paultrimmerrealestateagency]

Thanks Gary!!

[@rainham1]

Yes and it's a shame that more real estate agents in Puerto Vallarta do not fully disclose the complexity and expense of proper tax filing when discussing the possibility of rental income and investment properties to clients. almost criminal one might say.

[@digital1937]

Do landlords use other sources to obtain renters such as FaceBook groups instead of using online booking agencies like Airbnb to avoid having taxes withheld?

[@elizabethboothe2774]

could you have a chart to list the types of taxes and how they are paid?

[@villaparaiso2]

Great job Paul and Paula! Complicated, but you’ve laid out the steps nicely so I at least know where to start and who I need to help me. Paul, you continue to produce content that helps me as a recent buyer. Keep up the great info sharing and forward thinking of what buyers like myself need to know!

[@dovygoodguy1296]

Unfortunately the audio is not the best so it's hard to follow everything Paula says. It would have helped to have drawings and pictures, there is too much technical information to keep track of it all (!) Then there is the matter of a tax treaty between Mexico and the US and Canada. How does that fit into the picture to reduce taxes, or to organize one's business situation to increase deductibles or ownership (i.e. by an irrevocable Trust)?

[@motiva6022]

Yes americans making money with mexican lands