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Tax Law Reforms for 2014


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Thank you for this summary, Spencer. With regard to sales of real estate and capital gains, do I understand correctly that if the gain is less than roughly 3,500,000 pesos there is no cap gains tax?

Sorry to jump on your question...but you still have to be permanent to avoid the capital gain and not have sold a home in 5 years???

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Notary 5, Sergio Macias is interpreting the law to allow temporales to avoid capital gains but this can change at any moment. Best long term practice is to go permenent. There are a few other strategies you can do if you are not permanent or if you have multiple properties for sale to potentially lower your exposure to tax.

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