Comments on: How To Easily Compute Documentary Stamp Tax (DST) On The Sale Of Real Properties http://www.foreclosurephilippines.com/2009/04/how-to-easily-compute-documentary-stamp.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: Jay Castillo http://www.foreclosurephilippines.com/2009/04/how-to-easily-compute-documentary-stamp.html#comment-7745 Jay Castillo Fri, 25 Nov 2011 01:48:00 +0000 http://localhost/wordpress/index.php/2009/04/how-to-easily-compute-documentary-stamp-tax-dst-on-the-sale-of-real-properties.html#comment-7745 Hi Mike, it would be based on whichever is higher of the three (actual sale vale, market, or zonal). Thanks for dropping by! Hi Mike, it would be based on whichever is higher of the three (actual sale vale, market, or zonal). Thanks for dropping by!

]]> By: Mikemaske http://www.foreclosurephilippines.com/2009/04/how-to-easily-compute-documentary-stamp.html#comment-7741 Mikemaske Thu, 24 Nov 2011 07:28:00 +0000 http://localhost/wordpress/index.php/2009/04/how-to-easily-compute-documentary-stamp-tax-dst-on-the-sale-of-real-properties.html#comment-7741 If one of the contracting party is a city government, would the DST be based on the actual sale value in the contract rather than the market and ZV?  If one of the contracting party is a city government, would the DST be based on the actual sale value in the contract rather than the market and ZV? 

]]> By: lydia barredo http://www.foreclosurephilippines.com/2009/04/how-to-easily-compute-documentary-stamp.html#comment-1315 lydia barredo Fri, 30 Jul 2010 06:31:44 +0000 http://localhost/wordpress/index.php/2009/04/how-to-easily-compute-documentary-stamp-tax-dst-on-the-sale-of-real-properties.html#comment-1315 Good day Jay, Our client is willing to purchase a bank foreclosed asset but unfortunately the lis pendens filed(2006) by the previous owners was still attached to the title, the title was consolidated by the bank. Can the owners prevent the sale? How can this lis pendens be removed? Another concern: About commission on rent: CompanyA property was leased a 2 years(1 month com was paid),renewal with increase for another 2 years, how much legal commission should we charge? CompanyB, property was leased for 1 year(1 month com was paid), renewal with increase for 2 years, How much legal com should we charge? Do we have to write the owners reminding them about the commission? Both owners are aware that we know the renewal as we are communicating with them? Please reply the soonest, the renewal will be on September. You are of great help to us. Thank you and God bless....lyde Good day Jay,
Our client is willing to purchase a bank foreclosed asset but unfortunately the lis pendens filed(2006) by the previous owners was still attached to the title, the title was consolidated by the bank. Can the owners prevent the sale? How can this lis pendens be removed?
Another concern: About commission on rent: CompanyA property was leased a 2 years(1 month com was paid),renewal with increase for another 2 years, how much legal commission should we charge?
CompanyB, property was leased for 1 year(1 month com was paid), renewal with increase for 2 years, How much legal com should we charge?
Do we have to write the owners reminding them about the commission? Both owners are aware that we know the renewal as we are communicating with them? Please reply the soonest, the renewal will be on September.
You are of great help to us. Thank you and God bless….lyde

]]> By: Time to outsource my title transfer | Foreclosure Philippines http://www.foreclosurephilippines.com/2009/04/how-to-easily-compute-documentary-stamp.html#comment-1314 Time to outsource my title transfer | Foreclosure Philippines Mon, 17 May 2010 07:41:31 +0000 http://localhost/wordpress/index.php/2009/04/how-to-easily-compute-documentary-stamp-tax-dst-on-the-sale-of-real-properties.html#comment-1314 [...] of Documentary Stamps Tax – already done by [...] [...] of Documentary Stamps Tax – already done by [...]

]]> By: More On Documentary Stamp Tax (DST) On Real Estate Transactions | Foreclosure Philippines http://www.foreclosurephilippines.com/2009/04/how-to-easily-compute-documentary-stamp.html#comment-1313 More On Documentary Stamp Tax (DST) On Real Estate Transactions | Foreclosure Philippines Mon, 03 May 2010 18:58:35 +0000 http://localhost/wordpress/index.php/2009/04/how-to-easily-compute-documentary-stamp-tax-dst-on-the-sale-of-real-properties.html#comment-1313 [...] are different DST rates on different types of transactions. In my previous post on How to Easily Compute DST, I was referring to DST on the sale of real property. Please note that there is DST too on loan [...] [...] are different DST rates on different types of transactions. In my previous post on How to Easily Compute DST, I was referring to DST on the sale of real property. Please note that there is DST too on loan [...]

]]> By: catrosinfo http://www.foreclosurephilippines.com/2009/04/how-to-easily-compute-documentary-stamp.html#comment-1312 catrosinfo Fri, 18 Sep 2009 02:15:12 +0000 http://localhost/wordpress/index.php/2009/04/how-to-easily-compute-documentary-stamp-tax-dst-on-the-sale-of-real-properties.html#comment-1312 It was helpful information. It was helpful information.

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/04/how-to-easily-compute-documentary-stamp.html#comment-1307 Jay Castillo Mon, 27 Apr 2009 17:25:00 +0000 http://localhost/wordpress/index.php/2009/04/how-to-easily-compute-documentary-stamp-tax-dst-on-the-sale-of-real-properties.html#comment-1307 @bee, at 7K, its just 6% below 7.5K, not a bargain. If it was lower by 40%, that would be a good buy! =) @bee, at 7K, its just 6% below 7.5K, not a bargain. If it was lower by 40%, that would be a good buy! =)

]]> By: bee http://www.foreclosurephilippines.com/2009/04/how-to-easily-compute-documentary-stamp.html#comment-1311 bee Sat, 25 Apr 2009 15:04:00 +0000 http://localhost/wordpress/index.php/2009/04/how-to-easily-compute-documentary-stamp-tax-dst-on-the-sale-of-real-properties.html#comment-1311 Thank you! That was helpful. Therefore, a foreclosed lot @7k is not a good buy if others in the area sell @7,500 to 9k, right? Thanks again. Thank you! That was helpful. Therefore, a foreclosed lot @7k is not a good buy if others in the area sell @7,500 to 9k, right? Thanks again.

]]> By: Jay Castillo http://www.foreclosurephilippines.com/2009/04/how-to-easily-compute-documentary-stamp.html#comment-1310 Jay Castillo Sat, 25 Apr 2009 04:57:00 +0000 http://localhost/wordpress/index.php/2009/04/how-to-easily-compute-documentary-stamp-tax-dst-on-the-sale-of-real-properties.html#comment-1310 @Noli, you can get the zonal values in BIR's website through this link: <a HREF="http://www.bir.gov.ph/zonalvalues/zonalvalues.htm" REL="nofollow" rel="nofollow">http://www.bir.gov.ph/zonalvalues/zonalvalues.htm</a>. I'll also post this along with other links in the sidebar for easy access to all readers. Thanks for helping me come up with the idea!<br /><br />@bee, thanks for visiting and I admire you for making the most of your summer vacation!<br /><br />With regards to Zonal Value, in my opinion it is really just for tax purposes and has nothing to do with the market value of a property. In essence, Market Value refers to the estimated price a willing buyer would pay a willing seller if neither was under any compulsion to buy or sell that property. This is often dictated by market forces and you would really have to confirm this by checking for how much a comparable property (same specs and location) was sold for recently. @Noli, you can get the zonal values in BIR’s website through this link: http://www.bir.gov.ph/zonalvalues/zonalvalues.htm. I’ll also post this along with other links in the sidebar for easy access to all readers. Thanks for helping me come up with the idea!

@bee, thanks for visiting and I admire you for making the most of your summer vacation!

With regards to Zonal Value, in my opinion it is really just for tax purposes and has nothing to do with the market value of a property. In essence, Market Value refers to the estimated price a willing buyer would pay a willing seller if neither was under any compulsion to buy or sell that property. This is often dictated by market forces and you would really have to confirm this by checking for how much a comparable property (same specs and location) was sold for recently.

]]> By: bee http://www.foreclosurephilippines.com/2009/04/how-to-easily-compute-documentary-stamp.html#comment-1309 bee Fri, 24 Apr 2009 02:24:00 +0000 http://localhost/wordpress/index.php/2009/04/how-to-easily-compute-documentary-stamp-tax-dst-on-the-sale-of-real-properties.html#comment-1309 Jay, stumbling on your website is the best thing that happened to me this summer vacation. I work in the academe and have been looking for ways on how to generate passive income.<br /><br />My question is too elementary. Sorry, i am just a newbie in real state. What is the difference between a market value and zonal value? A foreclosed QC lot is valued at 7k/sqm. The bank told us (my husband and i)that the zonal value is 10k/sqm. Is this a good buy for an end user? In case we decide to resell, can our asking price be the zonal value?<br /><br />God bless and more power. Jay, stumbling on your website is the best thing that happened to me this summer vacation. I work in the academe and have been looking for ways on how to generate passive income.

My question is too elementary. Sorry, i am just a newbie in real state. What is the difference between a market value and zonal value? A foreclosed QC lot is valued at 7k/sqm. The bank told us (my husband and i)that the zonal value is 10k/sqm. Is this a good buy for an end user? In case we decide to resell, can our asking price be the zonal value?

God bless and more power.

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