Comments on: Creditable Withholding Tax In Real Estate Transactions http://www.foreclosurephilippines.com/2009/03/creditable-withholding-tax-in-real.html Your trusted resource for foreclosure investing in the Philippines with listings of foreclosed properties, real estate auctions, real estate investing tips, and more! Wed, 08 Feb 2012 16:17:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Save Money On Taxes: Exemptions From VAT On The Sale And Lease Of Real Estate — Foreclosure Investing Philippines http://www.foreclosurephilippines.com/2009/03/creditable-withholding-tax-in-real.html#comment-7631 Save Money On Taxes: Exemptions From VAT On The Sale And Lease Of Real Estate — Foreclosure Investing Philippines Wed, 23 Nov 2011 02:00:14 +0000 http://localhost/wordpress/index.php/2009/03/creditable-withholding-tax-in-real-estate-transactions.html#comment-7631 [...] No. DA-216-07 dated April 4, 2007 noted that banks are exempt from VAT. In contrast, either CGT or CWT is always applicable to real estate transactions.We will discuss the imposition of VAT on the sale [...] [...] No. DA-216-07 dated April 4, 2007 noted that banks are exempt from VAT. In contrast, either CGT or CWT is always applicable to real estate transactions.We will discuss the imposition of VAT on the sale [...]

]]> By: Arlene http://www.foreclosurephilippines.com/2009/03/creditable-withholding-tax-in-real.html#comment-1032 Arlene Sat, 29 Oct 2011 01:23:50 +0000 http://localhost/wordpress/index.php/2009/03/creditable-withholding-tax-in-real-estate-transactions.html#comment-1032 Hi Jay, Been reading your posts again and again, they have been my handy/quick/simplified guide on my real estate venture, so thankful I found your useful and informative site..as i admittedly say that I'm a newbie on this industry coming from telecoms business... Anyways just want to seek your expertise on how to handle transferring of title..What are the docs , fees required and how long does it normally takes to process it..please include the procedure on how to get a TCT from a Spanish title that we only have for our property in the province... Thanks so much for the anticipated assistance...have a blessed day! Hi Jay,

Been reading your posts again and again, they have been my handy/quick/simplified guide on my real estate venture, so thankful I found your useful and informative site..as i admittedly
say that I’m a newbie on this industry coming from telecoms business…

Anyways just want to seek your expertise on how to handle transferring of title..What are the docs , fees required and how long does it normally takes to process it..please include the procedure on how to get a TCT from a Spanish title that we only have for our property in the province…

Thanks so much for the anticipated assistance…have a blessed day!

]]> By: Cath http://www.foreclosurephilippines.com/2009/03/creditable-withholding-tax-in-real.html#comment-1031 Cath Mon, 24 Oct 2011 07:56:00 +0000 http://localhost/wordpress/index.php/2009/03/creditable-withholding-tax-in-real-estate-transactions.html#comment-1031 Until when is creditable withholding tax be utilized? Until when is creditable withholding tax be utilized?

]]> By: lea http://www.foreclosurephilippines.com/2009/03/creditable-withholding-tax-in-real.html#comment-1030 lea Wed, 21 Sep 2011 09:16:52 +0000 http://localhost/wordpress/index.php/2009/03/creditable-withholding-tax-in-real-estate-transactions.html#comment-1030 my mistake. BPI will be the one to pay the P120,000. my mistake. BPI will be the one to pay the P120,000.

]]> By: lea http://www.foreclosurephilippines.com/2009/03/creditable-withholding-tax-in-real.html#comment-1029 lea Wed, 21 Sep 2011 09:12:59 +0000 http://localhost/wordpress/index.php/2009/03/creditable-withholding-tax-in-real-estate-transactions.html#comment-1029 we are buying a foreclosed property (house and lot) from BPI. total purchase price is P2M. as i was going thru the list of additional payments we (as the buyer) have to make (such as DST, transfer tax, registration fee, etc.), i noticed that BPI is also asking us to pay the CWT amounting to P120,000.00. shouldn't we (as the buyer) be withholding this amount from the total purchase price of P2M? in effect, on TOP OF THE P2M purchase price, we are also going to pay an additional P120,000. if i understand correctly, if BPI is asking us to pay the P120,000 CWT, then we should be able to deduct this amount from the total purchase price of P2M. we should only be paying BPI P1,880,000.00. am i correct? we are buying a foreclosed property (house and lot) from BPI. total purchase price is P2M. as i was going thru the list of additional payments we (as the buyer) have to make (such as DST, transfer tax, registration fee, etc.), i noticed that BPI is also asking us to pay the CWT amounting to P120,000.00. shouldn’t we (as the buyer) be withholding this amount from the total purchase price of P2M? in effect, on TOP OF THE P2M purchase price, we are also going to pay an additional P120,000. if i understand correctly, if BPI is asking us to pay the P120,000 CWT, then we should be able to deduct this amount from the total purchase price of P2M. we should only be paying BPI P1,880,000.00. am i correct?

]]> By: Jay Ballesteros http://www.foreclosurephilippines.com/2009/03/creditable-withholding-tax-in-real.html#comment-1028 Jay Ballesteros Sat, 17 Sep 2011 00:32:06 +0000 http://localhost/wordpress/index.php/2009/03/creditable-withholding-tax-in-real-estate-transactions.html#comment-1028 Hi Chebay, I'll do that next week :) Hi Chebay, I’ll do that next week :)

]]> By: RC http://www.foreclosurephilippines.com/2009/03/creditable-withholding-tax-in-real.html#comment-1027 RC Fri, 09 Sep 2011 17:59:18 +0000 http://localhost/wordpress/index.php/2009/03/creditable-withholding-tax-in-real-estate-transactions.html#comment-1027 Sir Jay, Would you please send me a copy of those materials. My email address is ebroker.ph@gmail.com. Thanks so much! RC Sir Jay,

Would you please send me a copy of those materials. My email address is ebroker.ph@gmail.com.

Thanks so much!

RC

]]> By: jon http://www.foreclosurephilippines.com/2009/03/creditable-withholding-tax-in-real.html#comment-1026 jon Tue, 06 Sep 2011 09:56:48 +0000 http://localhost/wordpress/index.php/2009/03/creditable-withholding-tax-in-real-estate-transactions.html#comment-1026 @ Jay Ballesteros: I, too, would like to get those materials please? My email address is manilenio@gmail.com. Thanks in advance for your kindness. @ Jay Ballesteros: I, too, would like to get those materials please? My email address is manilenio@gmail.com. Thanks in advance for your kindness.

]]> By: Cherry Castillo http://www.foreclosurephilippines.com/2009/03/creditable-withholding-tax-in-real.html#comment-1025 Cherry Castillo Tue, 06 Sep 2011 07:09:04 +0000 http://localhost/wordpress/index.php/2009/03/creditable-withholding-tax-in-real-estate-transactions.html#comment-1025 Hi Jay! Si Chebay to. Jay Castillo is my husband. Pwede pahingi ng materials? :-) Best regards, Chebay Hi Jay!

Si Chebay to. Jay Castillo is my husband. Pwede pahingi ng materials? :-)

Best regards,
Chebay

]]> By: Jay Ballesteros http://www.foreclosurephilippines.com/2009/03/creditable-withholding-tax-in-real.html#comment-1024 Jay Ballesteros Mon, 05 Sep 2011 13:08:25 +0000 http://localhost/wordpress/index.php/2009/03/creditable-withholding-tax-in-real-estate-transactions.html#comment-1024 Dear all, For those of you who would like to know more about the taxation on the real estate industry, I can share some materials. I'm a Tax Professional from the leading professional services firm in the country. Thanks! Jay Ballesteros Dear all,

For those of you who would like to know more about the taxation on the real estate industry, I can share some materials. I’m a Tax Professional from the leading professional services firm in the country. Thanks!

Jay Ballesteros

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