Seller's Taxes
Capital Gains Tax (CGT): - Rate: 6% of selling price or zonal value (whichever is higher) - Paid by: Seller - When: Before title transfer
Creditable Withholding Tax (if applicable): - Rate: 1.5-6% depending on seller type - For sellers in the business of selling real estate
Buyer's Taxes
Documentary Stamp Tax (DST): - Rate: 1.5% of selling price or zonal value - Paid by: Typically buyer (negotiable)
Transfer Tax: - Rate: 0.5-0.75% (varies by city) - Paid by: Buyer - Paid to: Local government
Registration Fees: - About 0.25% of property value - Paid to: Registry of Deeds
Ongoing Taxes
Real Property Tax (RPT): - Rate: 1-2% of assessed value annually - Metro Manila: Usually 2% - Provinces: Usually 1% - Paid quarterly or annually
Association Dues (for condos): - Monthly fee for building maintenance - Varies by development
Pro Tips
- Always verify current zonal values with BIR before computing taxes
- Keep all receipts for future sale documentation
- Some cities offer RPT discounts for early/full-year payment