How and When Do I Pay My Annual Trust Fees?


 

When and How Do I Pay My Annual Trust (Fideicomiso) Fees?

It is important for foreign nationals who own a Mexican property in the Restricted Zone (50 kilometers from the Coastline or 100 Kilometers from the border) to remember to pay their annual trust fees in addition to their annual property tax. Unlike paying the property tax at the start of the calendar year, the annual trust fee is due on the anniversary of the property owner’s closing date, which is found at the top of page one of the deed (escritura OR Fideicomiso).

Keep in mind; your trust account number generated by the bank is not the same as your deed (escritura) number. You need to obtain your trust account number from your trustee bank, so you can get proper credit when you make your annual trust fee payments.

Even though one might expect to be notified by the trust bank of upcoming trust payment, it is not a guarantee. It is the property owner’s responsibility to remember to pay all fees corresponding to their property. As such, you should make a note of the due date in your calendar so as not to forget and consequently risk having late charges/interest for not paying on time. Most banks nowadays accept payments via check or wire transfers, or ask your property manager to make the payment for you. You can also make the payment yourself in person at any branch of your trust bank in Mexico as long as you have your Trust Number.  Make sure you receive a copy of the payment receipt for your records.  Keep any receipts, bank statements, checks as proof of your payment. Trust Banks often do not mail payment receipts. 

There are late payment fees that you will be charged if you fail to make your annual payment. It is important to know that fee's accumulate and compound so it is important to be on time with your payments. 

If your Fideicomiso is held by  HSBC.  ***Note the Los Cabos HSBC Trust Department has closed and we now have to do our business through Guadalajara or Mexico DF.  This is the cause of delayed closings and issues with being able to get your annual fee's paid.  Below is the most current information for paying yoru HSBC trust as of August 2017.

a).- Make check payable to: HSBC MEXICO S.A. DIV FIDUCIARIA / FSO PUT IN YOUR TRUST NUMBER HERE to the following addresses, depending on the freight company you will use to send your check:

Via USPS (Regular mail):

HSBC MEXICO SA DIVISION FIDUCIARIA

DEPT CH 16427 PALATINE, IL 60055-6427

Via FedEx, UPS, Airborne or DHL:

HSBC MEXICO SA DIVISION FIDUCIARIA

16427 5505 N Cumberland Ave. Suite #307, Chicago, IL 60656-1471

 

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YOUR Los Cabos Real Estate Professional

I LOVE YOUR REFERRALS

Connie Meyerhoff  

480-393-0639

c.meyerhoff@snellrealestate.com