I NEED HELP... legal
Please enlighten me on how to handle transactions incidental to buying real property in Philippines.
my question is, who will handle all below cost related to transfer of the title to me.
this is a purchase from individual.
1. Capital gains tax - 6% of actual sale price. This is paid by the seller but in some cases it might be expected that the buyer pays.
2. Document stamp tax - 1.5% of the actual sale price. This is paid by the seller but in some cases it might be expected that the buyer pays.
3. Transfer tax - 0.5% of the actual sale price.
4. Registration fee - 0.25% of the actual sale price.
sorry guys, as am suppose to post this on Filipino forum but cannot find to make limited group story.
i am very confused of who will shoulder each cost.
i need some advised from someone who got experienced in real estate purchase.
ano ang kinagawiang practice sa pagshoshoulder nito? any realtors from here?
