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 business or is a title- owned by a corporation, in this case the percentage is 7.5%
• Philippines Document stamp tax – 1.5% of the actual sale price. This is paid by wither the buyer or the seller upon agreement. Normally however, it is the buyer who shoulders the cost.
• Philippines Transfer tax – 0.5% of the actual sale price
• Philippines Registration fee – 0.25% of the actual sale price

Purchases from Developers:

• Philippines Capital gains tax – 10% of actual sale price. This value might be expressed as part of the sale price
• Philippines Document stamp tax – 1.5% of the actual sale price
• Philippines Transfer tax – 0.5% of the actual sale price
• Philippines Registration fee – 0.25% of the actual sale price