transfer 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 [...]

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 [...]