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  • General Reference Real Estate Transactions

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    JD MaiCon
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    This document outlines various charges, taxes, and fees associated with real estate transactions in the Philippines. It specifies that the seller pays capital gains tax, withholding tax, broker's commission, notary fees, real estate taxes, and association dues. The buyer pays documentary stamp tax, transfer tax, registration fee, and broker's commission. It also lists basic requirements for transactions such as original title documents, notarized deed of sale, tax declarations, receipts, identification cards, and more. Survey fees are estimated to be PHP 20,000 to 30,000 per hectare.

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    This document outlines various charges, taxes, and fees associated with real estate transactions in the Philippines. It specifies that the seller pays capital gains tax, withholding tax, broker's commission, notary fees, real estate taxes, and association dues. The buyer pays documentary stamp tax, transfer tax, registration fee, and broker's commission. It also lists basic requirements for transactions such as original title documents, notarized deed of sale, tax declarations, receipts, identification cards, and more. Survey fees are estimated to be PHP 20,000 to 30,000 per hectare.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    4 views1 page

    General Reference Real Estate Transactions

    Uploaded by

    JD MaiCon
    This document outlines various charges, taxes, and fees associated with real estate transactions in the Philippines. It specifies that the seller pays capital gains tax, withholding tax, broker's commission, notary fees, real estate taxes, and association dues. The buyer pays documentary stamp tax, transfer tax, registration fee, and broker's commission. It also lists basic requirements for transactions such as original title documents, notarized deed of sale, tax declarations, receipts, identification cards, and more. Survey fees are estimated to be PHP 20,000 to 30,000 per hectare.

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    © All Rights Reserved
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    COMPUTATION OF CHARGES RATE WHO PAYS REMARKS

    SELLER:
    CAPITAL GAINS TAX (for Individuals) 6.00% SELLER
    WITHHOLDING TAX (for Corporations) 6.00% SELLER
    BROKER'S COMMISSION (Basedon Selling Price per Deed of Sale) 5.00% SELLER SELLER'S BROKER
    NOTARY FOR THE DEED OF SALE 1.00% SELLER
    INCIDENTAL & MISCELLANEOUS EXPENSES RECEIPTED & UNRECEIPTED CHARGES SELLER
    REAL ESTATE TAXES SELLER ACTUAL AMOUNT DUE TO UPDATE PAYMENT UNTIL BEFORE SALE
    ASSOCIATION / CONDO DUES SELLER ACTUAL AMOUNT DUE TO UPDATE PAYMENT UNTIL BEFORE SALE

    BUYER:
    DOCUMENTARY STAMP TAX 1.50% BUYER
    TRANSFER TAX 0.5% - 1.0% BUYER
    REGISTRATION FEE 0.25% - 0.75% BUYER
    BROKER'S COMMISSION (Basedon Selling Price per Deed of Sale) 5.00% BUYER BUYER'S BROKER
    INCIDENTAL & MISCELLANEOUS EXPENSES RECEIPTED & UNRECEIPTED CHARGES BUYER

    RECEIPTED & UNRECEIPTED CHARGES:


    RECEIPTED:
    CERTIFICATION FEES
    CTC FEES
    UNRECEIPTED:
    PHOTOCOPY
    FARE & MEALS
    FACILITATION

    BASIS FOR COMPUTATION OF CHARGES:


    Comparison of SP vs ZV vs FMV, whichever is higher

    BASIC REQUIREMENTS:
    ORIGINAL TITLE
    CERTIFIED TRUE COPY OF THE TITLE
    NOTARIZED DEED OF SALE (6 SETS)
    ORIGINAL TAX DECLARATION (OWNER'S COPY)
    CERTIFIED TRUE COPY OF THE TAX DECLARATION
    ORIGINAL OFFICIAL RECEIPT OF REAL PROPERTY TAX PAYMENT
    SKETCH PLAN
    CERTIFICATES OF LANDHOLDING & IMPROVEMENTS OR CERTIFICATE OF NO LANDHOLDING & IMPROVEMENT FROM OWN CITY OR MUNICIPALITY & NEARBY CITIES & MUNICIPALITIES
    CERTIFICATE AUTHORIZING REGISTRATION (CAR) FROM BIR
    CLEAR COPIES OF 2 GOVERNMENT ISSUED IDENTIFICATION CARDS WITH SPECIMEN SIGNATURES & CLEAR PHOTOS
    AUTHORIZATION LETTER
    NOTARIZED SPECIAL POWER OF ATTORNEY
    TAX IDENTIFICATION NUMBERS FOR ALL PARTIES
    COPY OF LATEST CEDULA FROM PLACE OF RESIDENCY

    OTHERS:
    BARC CERTIFICATION
    DENR APPROVAL
    SURVEY PLAN
    TECHNICAL DESCRIPTION
    OTHERS THAT MAY FURTHER BE REQUIRED

    SURVEY FEES:
    Per Hectare (10,000 sqm) Php 20K - Php 30K net

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