Capital Gains Taxes in Cabo

What are capital gains taxes in Mexico for real estate?
Do foreigners pay more capital gains taxes than nationals?
It is very important to factor in capital gains taxes when you go to buy and sell your property here in Los Cabos.
Capital gains taxes in real estate refer to the tax levied on the profit from the sale of a real estate property. The tax is calculated based on the difference between the sale price of the property and its purchase price (or its adjusted basis).
Depending on how long you owned the property and your overall income, this gain would be subject to short-term or long-term capital gains tax rates.
Understanding the specifics of capital gains taxes in real estate can help in planning property sales and minimizing tax liability. For detailed advice and strategies tailored to your situation, consulting with a tax professional or financial advisor is recommended.