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I have been so busy lately with the title transfer of a foreclosed property that I purchased and I realized that it would be better if I just outsourced the title transfer to someone else. The amount of time that I have already allocated for this could have been put to better use finding more [...]
Certificate Authorizing Registration
Time to outsource my title transfer
by Jay Castillo on May 14, 2010 · 89 comments
Recent BIR Issuances on Property Valuation may affect real estate investors
by Jay Castillo on April 27, 2010 · 5 comments
in Capital Gains Tax, Property Valuation, Real Estate Taxation
A post by Cherry Castillo I can see that the BIR is dead serious in collecting revenues for the government and is exploring all avenues where tax collection can be improved. In fact, the BIR has a string of recent issuances all concentrating on real property valuation, specifically on updating zonal values to be at [...]
A transfer tax is imposed on tax on the sale, donation, barter, or any other mode of transferring ownership or title of real property at the maximum rate of 50% of 1% (75% of 1% in the case of cities and municipalities within Metro Manila) of the total consideration involved in the acquisition of the [...]
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