REAL ESTATE AND CONDO ACQUISITION

REAL ESTATE AND CONDO ACQUISITION AND DISPOSITION DEFINITIONS

Acquisition is the act of procuring or getting a hold of real estate property. Disposition is the manner of alienation, transfer of possession and ownership thereof prescribed by the Philippine law. The acquisition and disposition of real estate is embodied in written agreements [...]

REAL ESTATE AND CONDO TRANSACTION COSTS

Real Estate and Condominium Transaction Costs in the Philippines:

Purchases from Individuals:

Philippines 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. This percentage could differ if the property assessed is being used by a [...]