What is the Basis in the Valuation of a Real Estate Property in the Philippines?

Posted in QA on October 21st, 2010 by admin | No Comments »

What is the Basis in the Valuation of a Real Estate Property in the Philippines? The value of the real property will be based on the selling price, fair market value as determined by the Commissioner (zonal value) or the fair market value as shown in the schedule of values of the Provincial or City Assessor, whichever is higher. If there is no zonal... ...read the full story

Right to a Clean Title – Philippines Real Estate

Posted in QA on October 14th, 2010 by admin | No Comments »

What rights does a buyer have when it comes to Titles? Read this and be informed how Philippines Real Estate Laws Work: “The buyer of a subdivision lot or condominium unit shall have a right to a clean title of said lot or unit upon the full payment of the purchase price. If the lot or unit is mortgaged, the owner/developer shall redeem... ...read the full story

What is Capital Gains Tax?

Posted in QA on October 7th, 2010 by admin | No Comments »

Capital Gains Tax, according to the BIR in the Philippines: “A tax imposed on the gains presumed to have been realized by the seller from the sale, exchange, or other disposition of capital assets located in the Philippines, including pacto de retro sales and other forms of conditional sale. For Real Properties, it is 6% of the total selling... ...read the full story

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