**Capital Gains Tax Exemption for Homeowners for November 16, 2021.**
The Income Tax Law of Mexico allows the homeowner the right to be exempted up to 700,000 UDI on the profit of the sale of his primary residence, thus if you have legal status (As temporary or Permanent Resident) you may enjoy that exemption. Other conditions apply.
The UDI will be worth on November 16, 2021), $ 7.004444 pesos, which multiplied by 700,000 UDI, and divided by the exchange rate of the day ($20.50) results in a savings of $4,903,110.8 pesos, or $239,176.13 dollars.
My last report on the UDI was on October 20th, 2021 and the savings in US dollars back then, resulted in $238,275.47 US dollars.
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