September is distinguished by the national celebrations; however, also because it is the month where facilities are granted throughout the country for procedures such as home deed or making a testament.
In Mexico City, this year’s Notarial Day will be in force until next December, where discounts and advice will be offered to the public on procedures for deed o testament.
“Part of the activities to take care of the heritage is to have the papers in order, and it is worth taking advantage of the tax discounts offered by programs such as the Notarial Day and to be well informed about the procedures that must be done once a property is acquired or you want be inherited”, commented Karla González Montoya, B2B marketing manager of the firm Inmuebles24.
During the Notary Day, reductions in taxes and notary fees can be obtained for the deed of real estate and the processing of successions.
It is important to know the procedures and discounts that can be accessed in this Notarial Day, which, unlike other years, began last January.
According to Inmuebles24, the benefits in the case of deeds of properties consist of:
- 60% discount on goods with a cadastral value of up to 385,162 pesos.
- 40% in goods with a cadastral value of more than 385,162 and up to 770,324 pesos.
- 30% on assets of more than 770,324 and up to 1 million 100,000 pesos.
- 20% on assets of more than 1 million 100,000 pesos and up to 1 million 400,000 pesos
- 10% on assets of more than 1,400,000 pesos and up to 1,900,000 pesos.
Regarding the procedures for inheritances, the discounts are:
- 80% in goods up to 1 million 900,000 pesos.
- 40% on assets of more than 1 million 900,000 pesos and up to 2.3 million pesos.
Are there benefits to buying a home?
The acquisition of a home implies different procedures to live and be the legitimate owner of it.
According to Inmuebles24, the transaction of buying and selling a property implies property deedsnotary fees, acquisition taxes and property registry fees.
According to the firm, to obtain these discounts in Mexico City, it is necessary to go to the central module of the Notarial Day, located at Azafrán 18, corner with Azúcar in the Granjas México neighborhood, Iztacalco City Hall, from Monday to Friday from 9:00 a.m. to 5:00 p.m. 00 to 16:00 hours.
In order to carry out any procedure, it is necessary for the interested person to come with their valid identification, their birth certificate, their Unique Population Registry Code, a document that proves possession of the property and fill out the application form that will be provided in the module.
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