On buying a parcel of land.

[mikky]

---

You may want to visit or call 09339288812 if you want to consult regarding real estate matters.

[vahnhelsing]

pila kahay magasto ron mag pa survey then subdivide ug lot, bout 2 hectares ang area then ka 8 e.divide.. i hope someone could give me an idea.

[nodols3]

On taxes, I got this from here:

Bureau of Internal Revenue Website

I quote:
"Capital Gains Tax is a tax imposed on the gains presumed to have been realized by the seller from the sale, exchange, or other disposition of capital assets located in the Philippines, including pacto de retro sales and other forms of conditional sale.

Documentary Stamp Tax is a tax on documents, instruments, loan agreements and papers evidencing the acceptance, assignment, sale or transfer of an obligation, rights, or property incident thereto.

Donor's Tax is a tax on a donation or gift, and is imposed on the gratuitous transfer of property between two or more persons who are living at the time of the transfer.

Estate Tax is a tax on the right of the deceased person to transmit his/her estate to his/her lawful heirs and beneficiaries at the time of death and on certain transfers which are made by law as equivalent to testamentary disposition.

Income Tax is a tax on all yearly profits arising from property, profession, trades or offices or as a tax on a person’s income, emoluments, profits and the like.


Percentage Tax is a business tax imposed on persons or entities who sell or lease goods, properties or services in the course of trade or business whose gross annual sales or receipts do not exceed P550,000 and are not VAT-registered.

Value Added Tax is a business tax imposed and collected from the seller in the course of trade or business on every sale of properties (real or personal) lease of goods or properties (real or personal) or vendors of services. It is an indirect tax, thus, it can be passed on to the buyer.

Withholding Tax on Compensation is the tax withheld from individuals receiving purely compensation income.

Expanded Withholding Tax is a kind of withholding tax which is prescribed only for certain payors and is creditable against the income tax due of the payee for the taxable quarter year.

Final Withholding Tax is a kind of withholding tax which is prescribed only for certain payors and is not creditable against the income tax due of the payee for the taxable year. Income Tax withheld constitutes the full and final payment of the Income Tax due from the payee on the said income.

Withholding Tax on Government Money Payments is the withholding tax withheld by government offices and instrumentalities, including government-owned or -controlled corporations and local government units, before making any payments to private individuals, corporations, partnerships and/or associations. "

[jayher]

ato ning sumpayan mga guru..

I like to know what are the procedure sa process sa transfer? (hangtod mahuman ang deal).

so far, anhi kotob akong na research.. pari correct nalang mga guru..

lets assumed humana ang deed of sale sa attorney. unsa may buhaton sunod?
1. pay cap gain (BIR)
2. pay docs stamp (BIR?)
3. ask for BIR certification ?
4. name transfer (cityhall?)
5. submit to regester of deeds ?
6. goto nso ?

[bbjo]

hi!

share lang ko sa ako nahibal.an... hehe

re: payment of capital gains tax (cgt) and doc stamps tax (dst)

1. cgt 6% & dst 1.5% of the consideration or the zonal valuation whichever is higher

ex. land (area - 100 sq. m @ 1,500/sq.m ) is sold for 150,000.00 (mao ni na sabutan sa buyer ug seller)
zonal valuation (based ni sa BIR na value, u can ask BIR kung pila ang zonal value sa lot/area)
is 1,900/sq.m, kung 100 sq. m ang area mu total ug 190,000.00

para mahibal.an nimo pila tax due nimo sa BIR whichever is higher sa consideration or zonal. sa example,
mas dako ang zonal, 190,000.00. kani na ang basihan sa 6% ug 1.5% tax due.

2. usually, ang seller may pay sa cgt & dst pero pwede ra masabutan... pwede sad ang buyer mu pay.


hope this helps...

[lodyl]

share na tong naa idea/s about ani para ma educate pud ming mga interesado magka yuta puhon............

[Code Talker]

rule before buying: caveat emptor

[lodyl]

rule before buying: caveat emptor

unsa pasabot ana bai?

[nodols3]

Murag mao man tingale nang "Buyer Beware" ...

[nodols3]

Updates anyone?