Real Estate | Biz

miletjs · August 2011

Kung mag buy and sell ng properties aka real estate business ano po ba ano ang mga dapat gawin o kunin para makapag parehistro sa bir? Saka magkano po ang tax? 12% vat din po ba ang dapat bayaran dito?

Pogingmabait · August 2011

Hindi mo kailangan ang magparehistro sa BIR. You need to execute Deed of Sale for the property. In simplified form: The seller gets the payment, buyer gets the docs and rights to property. Capital gain tax (CGT) should be paid by the seller to enable transfer of ownership. However, buyers, for his own protection (from sellers who run and refuse to pay the tax), usually deduct the amount of capital gain tax from the purchase amount and facilitate the payment of the CGT himself. Payment of CGT is necessary to validate the Deed of Sale and enable transfer of ownership (TCT, or CCT) to the buyer. There are ways to go around this procedure and save the buyer from paying CGT when he sells the property thereafter.

miletjs · August 2011

hmm pero ang alam ko sa cap gains tax kailangan TIN ng seller. Kung wala pang TIN ang seller since d naman sya na employ sa isang company, anong klaseng TIN ang ipapa rehistro? paano kapag "self-employed"? Kasi parang ganun ang lalabas kapag buy and sell ng properties. Kailangan din nagpapasa pa din ng ITR yun diba? Salamat po