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How To Transfer Land Title in The Philippines
How To Transfer Land Title in The Philippines
3. Certified Thru Copy of Title from the Registry of Deeds (color blue)
- request for 2 copies
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8. Original Certificate Authorize Registration (CAR) from the BIR (Bureau of Internal Revenue)
- Seller usually pay the Capital Gains Tax (CGT) 6% of selling price (ex 1,000,000 x 6% = 60,000) ▼ 2012 (1)
deadline for this 30 days from Notarize Date (ex. Nov 15 due date Dec 15) otherwise there will ▼ December (1)
be How to
Transfer
penalty.
Land Title
- Buyer will pay Docs Stamps (DS) 1.5% of selling price (ex 1,000,000 x 1.5% = 15,000) in the
deadline for this 5th day of the next month (ex. Nov 15 is the Notarize Date due date Dec 05) Philippines
otherwise there will also be penalty. Doc...
Things to remember;
1. BIR/CityHall - will always based on the higher price. (ex Deed of Sale selling price is 1,000,000
but the Market Value is 1,300,000 they will based all taxes on 1,300,000 or Deed of Sale selling
price is 1,300,000 but the Market Value is 1,000,000 they will still based on 1,300,000.
3. Don't forget the Authorization Letter from the Seller/Buyer, ID with 3 signatures.
4. If possible pay in exact amount or bring enough bills and coins for small fees.
6. Be patience, you will experience "back and forth" in their office for Request and Releasing.
Step 2 - if you already have these documents go to BIR and pay the CGT and DS. After that wait for
the releasing of CAR. Once you have the CAR pay the Transfer Tax at CitiHall.
Step 3 - If you gather all these documents, go to the Registry of Deeds and pay the Registration fee
which is usually 0.25% of the selling price. After that wait for the releasing of the New Title.
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