groovyjw Posted June 20, 2008 Share Posted June 20, 2008 In your case I think the capital gains is 6% of the selling price or the zonal valuation whichever is higher. But like I said, since the proceeds from the sale will be used to purchase another real estate property, there should be no capital gains except when the real estate bought from the proceeds is lesser in value, in which case the capital gains would be merely on the difference. As to transfer fees and registration costs, that will depend on which Registry of Deeds you go to. You don't need a lawyer, what you need is a real estate broker or dealer who you can consult for free. ok thank you very much for the info. last question po, me nakapagsabi daw sa wife ko na pinalitan na daw ng EVAT angcapital gains tax ngayon? is this true? thanks uli... Quote Link to comment
Dr_PepPeR Posted June 20, 2008 Share Posted June 20, 2008 ok thank you very much for the info. last question po, me nakapagsabi daw sa wife ko na pinalitan na daw ng EVAT angcapital gains tax ngayon? is this true? thanks uli... Expanded Value Added Tax replacing Capital Gains Tax? I don't think so. Quote Link to comment
exodus Posted June 23, 2008 Share Posted June 23, 2008 Hi guys anyone knows a good source of DTI DAO's? Been Searching on net for hours now isa palang nahahanap ko. Quote Link to comment
exodus Posted June 23, 2008 Share Posted June 23, 2008 (edited) sorry double post Edited June 23, 2008 by exodus Quote Link to comment
azayco Posted June 23, 2008 Share Posted June 23, 2008 Lex Libris is your best bet. I think the DTI website does not have a complete posting of all AOs. Try to check www.op.gov.ph though. Maybe they have it there. Quote Link to comment
exodus Posted June 24, 2008 Share Posted June 24, 2008 posible bang i-resell sa developer yung nabiling lote sa kanila? inhouse namin hinulugan, matagal ng fully paid pls...? Quote Link to comment
Dr_PepPeR Posted June 24, 2008 Share Posted June 24, 2008 posible bang i-resell sa developer yung nabiling lote sa kanila? inhouse namin hinulugan, matagal ng fully paid hindi na. considered secondary market na yan. developers don't buy back unless if they see good market value in it. i advertise mo na lang. nung nabili namin yun, 3.8k lang per sqm since di ba nag-start yung development nung site, then naging 4k nung sinisimulan ng i-develop, then ngayun, 5k na per sqm pero di pa tapos ang development - end of this year pa ang tapos. next year sisimulan na nila magtayo ng mga houses, at balita ko magiging 6-7k na per sqm. ang bilis tumaas ng price since semi exclusive subdivison ito, at nasa city pa. at sabi pa, after 5 years, mga 10-15k na per sqm. ayaw nga sana namin ibenta pero kailangan lang kasi ng money. pls...? I thought wizard23 already answered this, sir. Quote Link to comment
exodus Posted June 26, 2008 Share Posted June 26, 2008 I thought wizard23 already answered this, sir. parang di ako satisfied sa sagot nya. btw for the update, meron ng isang option yung developer namin, pede nila ire-open (open for mass sa office nila) uli for buying yung lot namin. almost sold out na kasi yung mga lote. Quote Link to comment
moed Posted June 26, 2008 Share Posted June 26, 2008 If as you say demand is strong for the lots in your subdivision, why would you want to sell it to your developer anyway. If the developer is willing to buy it back, it would do so at a lower price because for sure they will buy your lot and sell it so they would have to have a margin for profit. If you sell it to an end user, you will be able to sell at market price. Quote Link to comment
julz2006 Posted June 26, 2008 Share Posted June 26, 2008 If as you say demand is strong for the lots in your subdivision, why would you want to sell it to your developer anyway. If the developer is willing to buy it back, it would do so at a lower price because for sure they will buy your lot and sell it so they would have to have a margin for profit. If you sell it to an end user, you will be able to sell at market price. ..this is correct,chong..who knows, it may just be your ticket to a lucrative career in real estate..just a thought..nangangarap din kc me nun..hehehe.. gudlak..try this suggestion..it makes sense.. Quote Link to comment
groovyjw Posted June 27, 2008 Share Posted June 27, 2008 Expanded Value Added Tax replacing Capital Gains Tax? I don't think so. hi again! dr pepper can you refer someone who can do the transfer/exchange for me. i am willing to pay the services as longas it is resonable. i'm in the marikina area po. Thanks ! Quote Link to comment
Dr_PepPeR Posted June 28, 2008 Share Posted June 28, 2008 hi again! dr pepper can you refer someone who can do the transfer/exchange for me. i am willing to pay the services as longas it is resonable. i'm in the marikina area po. Thanks ! Perhaps the others here can refer you to someone from the BIR. Whatever method you choose, the transfer tax, documentary stamp taxes and registration fees are a given. What you will have to watch out for is the Capital Gains Tax, which is based on the zonal valuation or the sale price whichever is higher. It is also the BIR who can help you set up an escrow for the CGT, if that is what will be required. Quote Link to comment
exodus Posted June 30, 2008 Share Posted June 30, 2008 If as you say demand is strong for the lots in your subdivision, why would you want to sell it to your developer anyway. If the developer is willing to buy it back, it would do so at a lower price because for sure they will buy your lot and sell it so they would have to have a margin for profit. If you sell it to an end user, you will be able to sell at market price. inde kasi ako makahanap ng buyer e, nasa harap lang ako ng pc 24/7 :goatee: Quote Link to comment
moed Posted July 1, 2008 Share Posted July 1, 2008 You could get an agent to do it for you. The 3-5% commission will be less than low price the developer would offer to buy your lot, if it is willing, that is. Quote Link to comment
julz2006 Posted July 1, 2008 Share Posted July 1, 2008 You could get an agent to do it for you. The 3-5% commission will be less than low price the developer would offer to buy your lot, if it is willing, that is. ...uhm,dumb question,sire: where/how do you get a real estate agent? (..m in front of the pc most of the time too... ) Quote Link to comment
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