SALE OF REAL PROPERTY CLASSIFIED AS ORDINARY ASSET

If object of sale is Description of Status of

ordinary asset, the Seller
transaction is subject to
creditable withholding
tax based on the
following: Tax Rate
0%
• • Seller is
registered with HLURB
or HUDCC as engaged in
socialized housing
project.
• • Selling price of
the house and lot, or
only the lot does not
exceed P450,000 or if
lot only does not exceed
P80,000 (40% of
P450,000).

1.5%
• • Not engaged
in socialized housing but
is engaged in
buying/selling real
properties (realtor)
• • selling price is
not over P500,000

3%
• • Not engaged
in socialized housing but
is engaged in
buying/selling real
properties (realtor)
• • selling price is
over P500,000 but not
over 2 million

5%
• • Not engaged
in socialized housing but
is engaged in
buying/selling real
properties (realtor)
• • selling prices
 over 2 million

6%
• • Not engaged
in socialized housing
and NOT engaged in
buying/selling real