FMV

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 [...]

What is Transfer Tax?

by Jay Castillo on August 11, 2009 · 29 comments

in Transfer Tax

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 [...]