Master the Philippine tax framework for real estate transactions. Learn about Capital Gains Tax, Documentary Stamp Tax, VAT, Creditable Withholding Tax, transfer tax, and exemptions. explained in plain language with real-world scenarios.
Understand the 6% capital gains tax on sale of real property classified as capital asset. Learn how to determine the tax base, when it applies, and who is liable.
Learn about the documentary stamp tax on conveyance of real property. Understand the DST rate, computation, exemptions, and filing requirements under the NIRC.
Learn when the 12% value-added tax applies to real estate transactions. Understand the VAT-exempt thresholds, who is liable, and how it interacts with other taxes.
Learn about the creditable withholding tax (CWT) on sales of real property classified as ordinary assets. Understand the rates, who withholds, and filing requirements.
Understand the local transfer tax under the Local Government Code, Registry of Deeds registration fees, and other costs required to complete property title transfer.
Learn about tax exemptions for real estate transactions including tax-free exchanges, principal residence exemption, socialized housing, estate settlements, and donations.