Definition
A 6% tax imposed on the presumed gain from the sale, exchange, or disposition of real property classified as capital asset. It is computed based on the gross selling price or fair market value (zonal value), whichever is higher. The seller is responsible for paying CGT.
Examples
- •For a property sold at ₱5M with zonal value of ₱4M, CGT = ₱5M × 6% = ₱300,000
- •CGT must be paid within 30 days from the date of sale
Tips & Best Practices
- ✓Use Housal's zonal value finder to estimate your CGT
- ✓CGT is based on gross selling price OR zonal value, whichever is HIGHER
- ✓Keep all documents for proper tax computation
Related Terms
More in Taxes & Fees
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