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Mexico has high taxes on rental income

Rental Income: Nonresident individuals are generally liable to pay 25% withholding tax on their gross rental income. However, they can elect to have their rental income taxed as business income and through this option; they will be taxed on their net income at progressive rates.

Capital Gains: Nonresident individuals selling Mexican property are generally liable to pay 25% withholding tax on the sales price. However, non-resident individuals with appointed local representatives may be taxed on their net capital gains (sales price less acquisition costs and related costs) at 30%.

Inheritance: There are no inheritance taxes in Mexico.

Residents: Mexican residents must pay income tax on their worldwide income at progressive rates, from 1.92% to 28% for 2008.

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