About Cherry Castillo

Cherry Castillo is a Real Estate Broker (PRC Real Estate Broker License No. 3187), Lawyer (Roll of Attorneys No. 55239), and CPA (PRC CPA License No. 0102054). She is the 2013 Internal Education Head of REBAP-LMP

Here are the author's most recent posts

Home Mortgage Relief Act Of 2014 (Senate Bill No. 2148 full text) Proposes Tax Incentives For First-Time Homebuyers

“Owning a home is a keystone of wealth… both financial affluence and emotional security”. -Suze Orman

Last Friday, April 4, 2014, we heard over the radio that Sen. Sonny Angara filed Senate Bill No. 2148 (Home Mortgage Relief Act of 2014) which proposes that tax incentives be given to first-time homebuyers. But how exactly does the proposed bill intend to do this? I'll try to answer this below, and … [Read more...]

Financial Education for Kids Part 8: Raising Pinoy Boys (and Girls)

Raising Pinoy Boys

Note: This is part 8 of a series on Financial Education for Kids. You may access previous articles through these links: Part 1, Part 2, Part 3, Part 4: Summer Activities for 2013, Part 5: Getting Used to a Simple Lifestyle, Part 6: Have a Role Model, and Part 7: Cha-Ching Money Smart … [Read more...]

Public Sealed Bidding of Pag-IBIG Foreclosed Properties In Davao Slated On April 7, 2014

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It's already April 2, 2014 and you can all be sure that this is not another April Fool's Day post.Pag-IBIG’s Davao Housing Hub-Committee on Disposition of Acquired Assets will be holding a sealed bidding on April 7, 2014 (Monday next week) for the sale of 100 of its acquired assets in … [Read more...]

312 Pag-IBIG Foreclosed Properties For Sale Through Public Sealed Bidding On April 2, 2014

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A total of 312 Pag-IBIG foreclosed properties are up for grabs in a public sealed bidding to be held on April 2, 2014. The public sealed bidding includes foreclosed properties/acquired assets, from Batangas, Bulacan, Laguna, Metro Manila, Rizal, and selected Cavite areas. … [Read more...]

A Better Valentine’s Day Gift: Real Property at up to 50% Discount

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Happy Valentine's Day everyone! Today is as good a day as any to love and feel loved. Love is a great feeling that makes us feel alive. No matter what happens, there is always someone who loves us (who else but God?).Anyway, I've been seeing a lot of posts of pictures of flowers, chocolates, … [Read more...]

How To Get Capital Gains Tax Exemption On The Sale Of Your Principal Residence

capital-gains-tax-exemption-tax-free

Everyone wants to have a break from paying taxes, so it pays to know the legal ways we can avoid paying taxes. One of them is to take advantage of the exemption from capital gains tax (CGT) on the sale of a principal residence. Learn how you can avail of a capital gains tax exemption when you sell … [Read more...]

BIR Revenue Regulations No. 14-00 Amends RR 13-99 (Sale of a Principal Residence)

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BIR Revenue Regulations(RR) No. 14-00 amends certain sections of Revenue Regulations No. 13-99 to streamline and make more efficient the collection of the capital gains tax, if any, presumed to have been realized from the sale, exchange or disposition, by a natural person, of his "Principal … [Read more...]

BIR Revenue Regulations No. 13-99 (Sale of a Principal Residence)

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Bureau of Internal Revenue (BIR) Revenue Regulations No. 13-99 governs the exemption of certain individuals from the capital gains tax on the sale, exchange or disposition of his/her principal residence. … [Read more...]

How Safe Is Your Property From Being Repossessed?

A gavel which is often used during tax foreclosure auctions

Last December 2013, it was all over the news that the Local Government of Quezon City had shut down the Manila Seedling Bank for failure to pay their real property taxes between 2001 and 2011. Is your property next? … [Read more...]

SEC Releases Guidelines On Asset Valuations Including Real Estate

SEC logo from wikipedia

The Securities and Exchange Commission (SEC) recently issued Memorandum Circular No. 2, Series of 2014, which is very, very important for investors who have real estate investments lodged in corporations. These are the new Guidelines on Asset Valuations, and it supersedes SEC Memorandum Circular No. … [Read more...]