Transfer of Land Title

[eminem6480]

Hi guys,

I need your help to answer some questions, lalo na sa mga nakaexperience na. Here's the situation:

May bibilhin akong house and lot. Meron na akong pangbayad in full doon sa property. Ngayon first problem ko is kailangan ko ng extra money para mapatransfer sa pangalan ko yung title.

Here's my questions:
-Saan mas makakatipid mag loan - sa bank or sa Pag-IBIG?
- Tumatanggap ba ang mga banks or Pag-IBIG ng ganitong klase ng house loan na instead na sa mismong bahay gagamitin yung loan is sa transfer of title?
- Nasa magkano po ang estimate na magagastos ko lahat lahat para mapatransfer sa pangalan ko yung property? 2.2 Million ang amount ng house and lot sa tax declaration.
- May nabasa ako na after signing of deed of sale/notarization, dapat asikasuhin na yung payments sa BIR at City Treasurer's Office para maiwasan ang penalties. Kailan po mag start ang countdown kapag napirmahan yung deed of sale or mag base sila sa date of notarization?
- Anong mga importanteng documents ang kailangan ko from seller? (Note: Senior Citizen na yung seller, ok na ba yung Senior's Citizen ID niya for verification?)
Nagresearch na din po ako ng mga payments to accomplish sa BIR at sa City Hall, pero just wanted more input from Tsikoters. Any others tips you can share?

Maraming salamat!

[[archie]]

Simple really. Kung may pang bayad ka ng full... Why loan? As a buyer you will only shoulder transfer tax and doc tax. Capital gain is shouldered by the seller.

Minimal fees na lang yung sa buyer. As for the ID yes ok na senior id basta may tin siya. Madali ang cash payment and don't worry about the fees, minimal lang yun.

[shadow]

Simple really. Kung may pang bayad ka ng full... Why loan? As a buyer you will only shoulder transfer tax and doc tax. Capital gain is shouldered by the seller.

Minimal fees na lang yung sa buyer. As for the ID yes ok na senior id basta may tin siya. Madali ang cash payment and don't worry about the fees, minimal lang yun.

Capital gain ipapasa yan sa buyer ng seller.

[yebo]

Konti na lang naman yan babayaran mo.
- documentary stamp,1.5% of selling price = P33k
- transfer tax, 0.5% = P11k
- registration fee, 0.25% = P5.5k

so total na P49.5k lahat ng fees ang bayaran mo plus incidental expenses.

Kung sa quezon city yang property mag-hehearing pa sa court yan. This is due to all original land titles were burned during a fire of qc city hall in the 1980s. So need mo lawyer. May kilala ako na mura lang maningil, tambay city hall siya retired na yan ang sideline nya.

Capital gains tax of 6% is on the account of the seller. Huwag ka papayag na ikaw ang magbabayad nyan.

Also pag bigay sa iyo ng tct and tax declaration make sure na verified mo ito sa LRA and RD, at walang arrears ang real estate taxes. Baka mamya yan may annotations (liens and mortgages, sold already to another party, etc) pala ang original title tapos yung owner's copy wala. Kaya dapat kukuha ka ng certified true copy sa LRA ng title kasi andun ang current annotations if any at wala sa owner's copy.

[eminem6480]

Maraming salamat mga sirs sa opinions nyo.

*archie - Need ko lang talaga sir na iloan yung magagastos sa transfer of title, may mga dumating kasi na unexpected expenses.
*shadow - Pinapaabonohan muna sa akin ng seller yung CGT, wala kasi siya sa country.
*yebo - Tama ba sir itong computation ko?
BIR Capital Gains Tax ---> Php131,634 ---> 6% of the selling price or zonal value whichever is higher
BIR Documentary Stamp Tax ---> Php32,909 ---> 1.5% of the selling price or zonal value whichever is higher
Transfer Tax ---> Php10,970 ---> 0.5% of the selling price or zonal value whichever is higher
Registration fee for new title ---> Php5,485 ---> 0.25% of the selling price or zonal value whichever is higher

Cancelled naman sir yung nakalagay sa Encumbrances page. Meaning malinis yung title right?

Follow up questions lang po:
- May alam ba kayo within Manila area na nagnonotarize na legit at sigurado? Hindi kasi nag nonotarize yung mga nasa loob ng Manila City Hall kapag nalaman nilang gagamitin sa BIR. Nakakatakot naman kung sa tabi tabi lang.

[CLAVEL3699]

7% na po ang Capital Gain Tax kababayad ko lang.

[garfield_08]

7% na po ang Capital Gain Tax kababayad ko lang.

San RDO ka sir nagbayad? We recently sold a lot parcel in Bulacan 2 weeks ago, CGT was still computed at 6%, doc.stamp at 1.5%.

- - - - - - - - - - - - - - - - - - - - - -

7% na po ang Capital Gain Tax kababayad ko lang.

San RDO ka sir nagbayad? We recently sold a lot parcel in Bulacan 2 weeks ago, CGT was still computed at 6%, doc.stamp at 1.5%.

[CLAVEL3699]

Pasig Sir.... last week lang

[eminem6480]

Follow up questions lang po:
- May alam ba kayo within Manila area na nagnonotarize na legit at sigurado? Hindi kasi nag nonotarize yung mga nasa loob ng Manila City Hall kapag nalaman nilang gagamitin sa BIR. Nakakatakot naman kung sa tabi tabi lang.

[_Qwerty_]

sa mga 2go outlets nag no notarize sila..