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The following are the transaction costs when buying or selling real estate property or when transferring the real estate property title (TCT - Transfer Certificate of Title or CCT - Condominium Certificate of Title) to a new owner:
SELLER shall pay:
BUYER shall pay:
Both buyer and seller can mutually agree on other terms as long as it is done during the negotiation period or before the signing of the Deed of Sale. They may agree on who will a particular transaction cost, such as Documentary Stamp Tax and others.
The following are the transaction costs when buying or selling real estate property or when transferring the real estate property title (TCT - Transfer Certificate of Title or CCT - Condominium Certificate of Title) to a new owner:
SELLER shall pay:
- Capital Gains Tax equivalent to 6% of the selling price on the Deed of Sale or the zonal value, whichever is higher. (Withholding Tax if the seller is a corporation)
- Unpaid real estate taxes due (if any).
- Real Estate Agent / Broker's commission (5% of the selling price)
BUYER shall pay:
- Documentary Stamp Tax - 1.5% of the selling price or zonal value or fair market value, which ever is higher.
- Transfer Tax - 0.5% of the selling price, or zonal value or fair market value, which ever is higher.
- Registration Fee - 0.25% of the selling price, or zonal value or fair market value, which ever is higher.
- Incidental and miscellaneous expenses incurred during the registration process.
Both buyer and seller can mutually agree on other terms as long as it is done during the negotiation period or before the signing of the Deed of Sale. They may agree on who will a particular transaction cost, such as Documentary Stamp Tax and others.