WHAT ARE THE RELATED TAXES AND FEES THAT GO WITH A REAL ESTATE TRANSACTION?

For the account of the Seller:

• Capital Gains Tax- 6% of the Selling Price or Zonal Value or Fair Market Value  whichever is higher

For the account of the Buyer:

• Documentary Stamps Tax – 1.5% of Selling Price or Zonal Value whichever is higher
• Transfer Tax- rate depends on location of property (ranging from 0.25% to 0.75% of Selling Price or Zonal Value, whichever is higher)
• Registration Fee –graduated rate based on Selling Price (ex. P5,646 for Selling Price of P1M)
• Realty Taxes – for the remaining months of the year based on the date of full payment

Note: Government may impose other taxes and fees that are not covered by the above schedule.