VAT

Threshold for VAT exemptions to be increased effective January 1, 2012

by Cherry Castillo on November 3, 2011 · 22 comments

in Real Estate News, Real Estate Taxation, Value Added Tax

The BIR has just released Revenue Regulations (RR) No. 16-2011 (posted at the BIR Website) dated October 27, 2011 which increased the threshold amounts for VAT on the sale of residential lots and house and lots and the lease of residential units, as well as the threshold amount for the sale of goods and services subject to [...]

Our journey to our new house – Finding a new home like true real estate investors

by Jay Castillo on November 20, 2009 · 29 comments

in Real Estate Investing, Site Updates

My wife who has become so obsessed with finding a new house we can call our home shares updates on what we are thinking of doing with our old house that was devastated by Ondoy, what things to consider, our target locations, finding not just a house but also a sound real estate investment by [...]

Save Money On Taxes: Exemptions From VAT On The Sale And Lease Of Real Estate

by Jay Castillo on June 1, 2009 · 23 comments

in Real Estate Taxation, Value Added Tax

Assuming that you already have a property which you intend to sell or lease out, it is important to know whether or not VAT applies to your real estate transactions, and how you can avoid the imposition of VAT. Same goes if you intend to buy a foreclosed property. Incoming search terms: vat on sale [...]