DESCRIPTION

A Transfer Tax is the tax imposed on any mode of transferring the ownership of a real property, either through sale, donation, barter, or any other mode.


DOCUMENTARY REQUIREMENTS

1. Tax clearance certificate of real property taxes from the City Treasurer’s Office
2. Certificate Authorizing Registration from the BIR
3. Official receipt of the BIR (for Documentary Stamp Tax)

PROCEDURE

The Transfer Tax is to be paid to the duly Authorized City or Municipal Treasurer located within the Revenue District Office (RDO) where the property is located (see list of RDO below).

LIST OF REVENUE DISTRICT OFFICES (RDO)

TAX RATES

Varies from 0.5% to 0.75% of either the Fair Market Value (FMV) or the Gross Selling Price, whichever is higher.

Click HERE to determine the tax rate for your City or Municipality.

How to compute FMV:

FMV = Zonal Value x Floor Area

ZONAL VALUES FROM BIR

DEADLINE

Within sixty (60) days from the date of execution of the Deed or from the date of decedent’s death.

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