What are the capital gains and sales tax on raw land in Mexico? Is there anything that can be done to lower it

Answer 1

The maximum federal tax on long term capital gain is 15%. I don't know what the New Mexico rates are. Generally real property is not subject to a sales tax like buying a shirt would be.
Under current law the 15% gains rate is set to go back to 20% after 2009.
To lower your gain you would have to spend money on iimprovements. This is generally a bad move unless you can increase the sale price of the land by what it cost to improve it.
Assuming the NM tax rate is 5% I would suggest not doing anything to laower the tax since you are already keeping 80% of each dollar you get for selling. A great deal compared to a similar amount of wage income.

Answer 2

sure, different than sales taxes are double taxes, yet on every person, no longer merely the detrimental. because you and that i the two have faith sales taxes are unfair, for various motives, enable's eliminate them. Deal?