Comments on: Buena Mano Yellow Tag catalogue of bank foreclosed homes in Metro Manila for Q3-2009

By: ros

ros — Thu, 08 Oct 2009 05:20:00 +0000

hi, thanks for enlightening me about CGT and Transfer tax. I am happy to came across your site. =)

i am currently negotiating to buy a condo unit here in Shaw Blvd. how do i know how much will be the realty taxes that I need to pay? quite a newbie here, and how much will be the property tax i need to pay annually to the gov’t?

thanks and hoping to see your response.

By: catrosinfo

catrosinfo — Fri, 18 Sep 2009 03:24:53 +0000

thanks for this post.

By: Jay Castillo

Jay Castillo — Thu, 17 Sep 2009 12:05:06 +0000

Hi Tony, the bank will compute for the CGT based either on the selling price or zonal value, whichever is higher. The land would not be considered for the computation of CGT if it was a condo, the zonal value will be based on the floor area or the selling price, whichever is higher. The seller can have the buyer shoulder the excess as long as the buyer agrees, as mentioned in my post about CGT. You’re welcome and good luck Tony!

By: Twitted by joep28

Twitted by joep28 — Thu, 10 Sep 2009 05:35:49 +0000

[...] This post was Twitted by joep28 [...]

By: Antonio Avila Jr.

Antonio Avila Jr. — Thu, 10 Sep 2009 01:48:48 +0000

Hi Jay,

I intend to buy a condo unit. Will the bank shoulder the capital gains based on zonal value? How is this computed when the land occupied by the condominium is shared among the condo units? The bank also said that if the price is higher than the zonal value, I have to pay the difference. The condo unit’s unit price is P2.5 million.

Thanks and more power!!

Tony

By: Buena Mano Yellow Tag catalogue of bank foreclosed homes in Metro Manila for Q3-2009 creditcards loans

Thu, 10 Sep 2009 00:39:56 +0000

[...] See more here: Buena Mano Yellow Tag catalogue of bank foreclosed homes in Metro Manila for Q3-2009 [...]