WebThe BUYER who has exercised his right to purchase the Unit can transfer his ownership of the Unit, subject to the strict enforcement of the pertinent provisions of Section 5 of the Condominium Act of the Philippines. In case of transfer of ownership to non-Filipino citizens, title registration in the name of the BUYER shall also be required ... WebJul 1, 2024 · Purchasing a condo unit can be one of your best decisions yet. ... Association dues – These are monthly payments by unit owners and tenants for the maintenance of …
Standard Taxes and Fees when Buying a Property in the …
WebFeb 13, 2024 · Pay the Transfer Fee and to secure a copy of the Tax Clearance, which you will receive after paying a certain fee for its issuance and once you’ve presented the following documents: • Original and one … WebThe transfer tax ranges from 0.0075% to 1% of the value of the real property. After paying the transfer tax, the City or Municipality shall issue an official receipt for payment of transfer tax and a tax clearance certificate. intishar insulation
Foreign Property Rental - depreciation calculation and currencty …
WebJun 6, 2024 · Transfer Tax – 0.5% (in the provinces) or 0.75% (in Metro Manila) of the selling price, or zonal value or fair market value, whichever is higher. Documentary Stamp Tax – 1.5% of the selling price or zonal value or fair market value, whichever is higher. Incidental and miscellaneous expenses during the registration process. WebTransfer/Documentation fees (to create and transfer the title under your name) - roughly around 14% of CTS (Contract To Sell or total price of condo) Home Association joining fees - these vary. mine is 5k . Meralco Deposit - 25k . When getting a bank loan: Processing fees: depends on the amt loaned. Varies from 60k to upwards of 100k WebJun 23, 2024 · In short, the Transfer Certificate of Title refers to the ownership of the land space along with the air space within it. This title also shows previous Transfer … intisfy