Sunday, February 3, 2013

REAL ESTATE TRANSACTION FEES

For the Account of the Seller
Capital Gains Tax - 6% of the Selling Price (SP) or Zonal Value (ZV) or Fair Market Value (FMV)

For the Account of the Buyer
Documentary Stamp Tax - 1.5% of SP or ZV whichever is higher
Transfer Tax - Rate depends on location of property (Ranging from 0.25% to 0.75% of SP or ZV whichever is higher)
Registration Fee - Graduated Rate based on SP (ex 5646PHP for SP of 1M PHP)
Realty Taxes - For the remaining months of the year based on date of full payment



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