Selling my Lake Chapala home .of 25 years.Trust(Fideicomiso) created for property only mentions LAND VALUE
which was conveyed by developer a year after purchase of this RESALE home. Initial owner built house on
land purchased from developer with her own funds. Developer was unable to provide title to land.
Title of land was conveyed after my purchase of the newly completed residential structure.
HOUSE VALUE was not included in the trust created at time developer conveyed clear title to land.
Need a reliable/skilled Notario to advise how house value can be included in cost basis
for total investment dollars credited towards capital gains due when house is sold present time.
Also, I have read that local 'notaries publicos' allow Residente Temporales to be exempted from capital gains taxes. Appreciate
any assistance/information/notario referrals.
on either or both problems? Thank you.