Zeb Posted May 29, 2019 Report Share Posted May 29, 2019 We purchased a home in August and my spouse had died and now I only own half the house. Although there is a clause in the deed stating, I am the beneficiary, evidently, the deed cannot be put in my name without paying a transfer tax. I want to share my experience thus far, in case it could help someone else. As of now the deed has not been changed. What I have learned is that this is very expensive. Although I have been told the major cost is the tax and not the Notary Fee, I see this that this is not true. I have visited the tax office directly and gotten the formula by which the transfer tax is calculated. The tax is calculated on half the value of the house, which is the portion I own. The tax valuation value is used and, in my case, it is 2.60% of that. This comes to 18,000 pesos (approximately $1,000 USD) The Notarios have told me their fee is nominal (false!). They stated it would cost me $1,800 US Dollars, so that makes their fee $800 USD. Additionally, Mexicans are not charged any transfer tax when someone dies. It is only charged to expats. I am not done finding a less expensive way to get this done. Quote Link to comment Share on other sites More sharing options...
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