Real Estate Seminar and Review

Here are some quick notes about the Documentary Stamp Tax or DST: Accrues only upon FULL payment. DST on Sale = 1.5% of Tax Base DST on Mortgage Look at the amount of the mortgage. P20 for the first P5,000 P10 for every P5,000 (or a fraction thereof) of the remaining amount of the mortgage […]

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As a real estate broker, you basically have to consider two kinds of assets when determining taxes which have to be paid to the BIR: 1. Ordinary Assets (pay Creditable Withholding Tax) 2. Capital Assets (pay Capital Gains Tax, 6%) Ordinary Assets are: Assets acquired by the bank Depreciated Stock in trade Used in business […]

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