IRONMAN 70.3 comes to Cozumel Sunday, September 21, 2014 @ 7:00 AM Cozumel, Quintana Roo, Mexico • CHANKANAAB PARK AND COZUMEL MAIN PLAZA Cozumel, TX, Mexico 77600 MetLife IRONMAN 70.3 Cozumel takes place in a beach-goer's paradise off of the Eastern coast of Mexico’s Yucatan Peninsula Cozumel, a small island off of the Eastern coast of Mexico’s Yucatan Peninsula, is a popular destination for tourists year round. Visitors from all over the world flock to the beautiful beaches, amazing snorkeling and relaxing atmosphere. The one-loop, 1.2-mile swim takes place off the coast of Cozumel in the Caribbean Sea. Following the swim, athletes will embark on the 56-mile bike course from the Chankanaab Park parking lot (T1) and finish at T2 next to Cozumel’s City Hall in the heart of downtown. The 13.1-mile run course is all flat and paved and passes many of Cozumel’s signature sites, including its waterfront walk, downtown main plaza and historic neighborhoods. For full information and to register: http://www.ironman.com/triathlon/events/americas/ironman-70.3/cozumel/register.aspx#axzz387Am1dIN

Mexican Government wants more control on tax payers in order to increase tax collection: How will this impact the real estate market? Author: Gisela Rodriguez Mexican Government wants more control on tax payers in order to increase tax collection; the measures taken in 2014 to reach that goal translate in complicated regulations that are affecting buyers and sellers on real estate transactions whether they are Mexican citizens, residents or foreign nationals. Rules are not simple and they are changing constantly which creates a lot of mis-information and confusion on the internet. Now more than ever in Mexico it is a MUST to be well informed and work with professionals before engaging on buying or selling real estate. What you should know? For buyers: Foreign nationals are allowed to buy real estate in Mexico. They are not required to have a temporary or permanent resident status, neither a CURP number or a tax ID (RFC) like some sites have posted incorrectly. Foreign Investment law allows foreigners to acquire assets and real estate, simple rule contained on a Federal Law. The regulation is on the "method of payment" to comply with Money Laundering law; Cash transactions on real estate above 40,000 USD are forbidden. This translates in control for the tax payers, sellers must declare the real price on the real estate transaction and should receive payment on a bank account… consequence? increase of tax collection and a safe transaction for the buyer. In case of American Nationals, this rule will be in accordance to USA Patriots act of 2001. What is new? Sellers are obliged to issue a digital invoice for the sale to the buyers, these are called "…comprobante fiscal digital por internet…" or by it's initials CFDI. Also the Notary for the closing should issue one called "complemento" and all should be part of the contract and must be kept for future transactions regarding the property. It is relevant to the buyers because such CFDI for the sale will be indispensable whenever they want to sell the property and will be taking into count for capital gains tax calculation. Article 29 A of the Federal Tax Code lists the requirements for the CFDI to be deductible. For sellers: By general rule, according to new tax regulations the sellers on a real estate transaction , must issue a CFDI to the buyers with the legal description of the property, price, method of payment, date of payment, etc. If the seller is not a tax payer in Mexico (individual or corporation ) the Notary of the closing will be responsible to issue the CFDI on behalf of the seller.

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