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My concern is that I did declare a lower value a number of years back because it really was the way to do things in Mexico. Tax issues were not a big concern then because the lawyers and notaries twisted things anyway they wanted. Over the last couple of years things seem to have tightened up significantly.
What I don't understand is that I have a private contract that has been notarized that shows the real higher value that I paid for the property. Why can this not be shown as the purchase price instead of the false declared price. One is supposed to pay tax on the real gains. I paid good (actually excessive) money for the services of notary so this document should be considered legit. Has anyone been in the situation where they have tried to present a private contract as the indicator of the price paid?
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