INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.

Join the forum, it's quick and easy

INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.
INSIDE LAKESIDE
Would you like to react to this message? Create an account in a few clicks or log in to continue.

filing for capital gains exemption

5 posters

Go down

filing for capital gains exemption Empty filing for capital gains exemption

Post by Sherman Wed Apr 17, 2019 7:27 am

From the sale of a house last year, I'm told I need to file for the capital gains exemption and that was to happen around April 1st of this year.

I've contacted an accountant, Spanish only, who said she would do it .... but I'm not getting a response and am concerned about deadlines for getting this document completed and 'filed'??

Anyone with experience with this?
When does the document need to be completed?
Does only an accountant do this?

Anyone have a recommendation lakeside of someone who can complete this document for me?

Thanks ....

Sherman
Share Holder
Share Holder

Posts : 726
Join date : 2010-08-18
Humor : Great sense of Humor!! I live here!!

Back to top Go down

filing for capital gains exemption Empty Re: filing for capital gains exemption

Post by CanuckBob Wed Apr 17, 2019 7:30 am

Perhaps a Notorio??

_________________
Vacation Rentals
https://casadecomo.mx/
CanuckBob
CanuckBob
Share Holder
Share Holder

Posts : 20510
Join date : 2010-04-04
Age : 61
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

https://casadecomo.mx

Back to top Go down

filing for capital gains exemption Empty Re: filing for capital gains exemption

Post by Sherman Wed Apr 17, 2019 7:39 am

Well, the notario's office is the one who said that an accountant did the form ... but no more information than that. Real Estate broker (not useful), emailed the realtor -- said any accountant can do it. The person I'm trying to use has a busy office, so I'm assuming she knows what she is doing ... but at this point, I think I'd be better off with someone who speaks English and where I can get a definite answer. I don't want this task to fall through the cracks for all the obvious reasons.

Sherman
Share Holder
Share Holder

Posts : 726
Join date : 2010-08-18
Humor : Great sense of Humor!! I live here!!

Back to top Go down

filing for capital gains exemption Empty Re: filing for capital gains exemption

Post by ferret Wed Apr 17, 2019 8:01 am

The "capital gains" is done by the Notario and should have been done at closing. Which Notario handed you off to an accountant?
ferret
ferret
Share Holder
Share Holder

Posts : 10351
Join date : 2010-05-23

Back to top Go down

filing for capital gains exemption Empty Re: filing for capital gains exemption

Post by Sherman Wed Apr 17, 2019 8:15 am

yes, capital gains are determined at closing. That is not the same as filing the piece of paper for the exemption. As I said, this is something that has to be completed by an accountant (based on what I was told) and filed .... probably with the state. But, I need to find someone who knows what they are doing and get this done apparently now. The notario's office said April 1, 2019 on/about. So, I need a recommendation for an english speaking accountant who can do this.

Sherman
Share Holder
Share Holder

Posts : 726
Join date : 2010-08-18
Humor : Great sense of Humor!! I live here!!

Back to top Go down

filing for capital gains exemption Empty Re: filing for capital gains exemption

Post by slainte39 Thu Apr 18, 2019 1:30 am

Don´t know any English speaking accountants, but you are correct in that this must be handled by a CP (Contador Publico), and not a Notario, as they are certified to file tax matters with the SAT.
If you don´t speak Spanish, hire an interpreter, as you are probably looking at a substancial amount of money.

slainte39
Share Holder
Share Holder

Posts : 9348
Join date : 2010-07-22

Back to top Go down

filing for capital gains exemption Empty Re: filing for capital gains exemption

Post by slainte39 Thu Apr 18, 2019 2:10 am

BTW, it is a Federal matter handled with the SAT (Servicio de Administración Tributaria), the Mexican equivalent of IRS or CRS, NOB.

slainte39
Share Holder
Share Holder

Posts : 9348
Join date : 2010-07-22

Back to top Go down

filing for capital gains exemption Empty Re: filing for capital gains exemption

Post by Rosa Venus Thu Apr 18, 2019 2:13 am


Yes, an accountant needs to file the declaration. It's a simple document. And yes there are some available who speak English and can do it for you for a small fee.
Rosa Venus
Rosa Venus
Share Holder
Share Holder

Posts : 2094
Join date : 2012-05-24
Location : Mexico
Humor : The funny kind

Back to top Go down

filing for capital gains exemption Empty Re: filing for capital gains exemption

Post by Sherman Thu Apr 18, 2019 6:51 am

Does anyone know if there is a deadline for filing the declaration. The notario said I had to wait until April 1 of this year, but did not mention a deadline. Thanks ...

Sherman
Share Holder
Share Holder

Posts : 726
Join date : 2010-08-18
Humor : Great sense of Humor!! I live here!!

Back to top Go down

filing for capital gains exemption Empty Re: filing for capital gains exemption

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum