Title Transfer Expenses in Philippines

Are you Planning to invest in Real Estate in the Philippines?

Here are some of the expenses for title transfer (Seller And Buyer‘s Account)

1. In Bureau of Internal Revenue (BIR), the taxes to pay are Capital Gains Tax (CGT) (,if its capital asset) Documentary Stamp Tax (DST), Withholding Tax, Value added Tax (VAT) if its an ordinary asset.

2. In Treasurer’s Office, which is located in the City Or municipality where the property is located, the usual expenses to be paid are transfer tax And sometimes business tax.

3. In Register of Deeds, the fees to pay are basic registration fee, E-title fee, And miscellaneous fees for New title.

4. In Assessor’s Office, you have to pay for the new tax declaration And Certificate of no improvement if applicable. If you bought an agricultural land, this is also the Office where you Will get a certification of aggregate landholding as part of the requirements of getting DAR Transfer Clearance.

5. Service Provider‘s Fee- these includes but Not limited to broker, facilitator, documentation And transfer provider like P88 Title Transfer Company.