Creditable Withholding Tax

Time to outsource my title transfer

by Jay Castillo on May 14, 2010 · 89 comments

in Lessons learned, Real Estate Investing

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 [...]

Creditable Withholding Tax In Real Estate Transactions

by Jay Castillo on March 4, 2009 · 53 comments

in Creditable Withholding Tax, Real Estate Taxation

Creditable withholding tax (CWT) is the tax which is withheld by the buyer/withholding agent from his payment to the seller for the sale of the seller’s ordinary asset/services, and which tax is creditable against the income tax payable of the seller. I know this sounds confusing so let me tell you about the withholding tax [...]