Tax on land not generating income?

Posted in QA on January 23rd, 2011 by admin | No comments
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Philippine Real Estate Question:

I’d like to know if i am required to pay a tax on a land that is not generating an income? And is the tax computation conducted annually or monthly? Your answer would be highly appreciated. More power to you! I like your website and your knowledge and I am very grateful for you sharing it. Thank you.


Yes, you are required to pay annually the real property tax imposed by the local government in the municipality where the property is located…even if the property is not generating income. If it is generating income, then you have to pay another tax, this time to the BIR. Why, because if you don’t pay RPT and you would like to sell it later on, the buyer will require the tax declaration and you have nothing to show and the sale will not push through.

What other Real Estate Philippines Questions do you have? We’ll try to find an answer for you!

*we do not pretend to be an authority in this field of real estate – this is only our opinion. May we suggest if you have legal questions to always consult a legal professional (a real estate lawyer preferably).

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