a.) Capital Gains Tax to be paid to the Bureau of Internal Revenue (BIR) - 6% of the selling price on the Deed of Sale or the zonal value, whichever is higher. If the seller is a corporation, Withholding Tax would apply
b.) Documentary Stamp Tax to be paid to the Bureau of Internal Revenue (BIR) - 1.5% of the selling price indicated in the deed of sale or zonal value or fair market value, which ever is higher.
c.) Transfer Tax to be paid to the local government unit (Treasurer's Office) - 0.5% of the purchase price, or zonal value or fair market value, which ever is higher. A maximum rate of 0.75% in the case of cities and municipalities within Metro Manila.
d.) Broker's or agent's fees or commission - industry practice is 5% of selling price
e.) Registration Fee at the Registry of Deeds - 0.25% of the selling price, or zonal value or fair market value, which ever is higher.
f.) Notarial fees - not more than 1% of the selling price
g.) unpaid Real property taxes ("amelyar") up to the time of the transaction
h.) For condominium or subdivision, all association dues etc up to the
i.) Unless you yourself would be the one to process the title transfer, you would also spend for your own real estate broker's or attorney's professional fees for their services.
j.) There are also other minimal incidental expenses to be paid such as certification fee of P100 per title, annotation fees, etc.
