Transfer of Title Expenses: Magkano ang gastos sa pagpapalipat ng titulo?

What is Market Value? What is Zonal Value?
Magkano ang magagastos sa pagpapalipat ng titulo ng lupa?
Question:
Bakit Market Value ang ginamit sa Deed of Sale at RD?
Dalawang klase po kasi ang market Value.
- FAIR Market Value - based on local government's assessment of the value of land for tax purposes.
- TRUE Market Value - Value that a buyer would pay a seller for something in a straight-up fair deal.
Both of those terms po ay tinatawag na "Market Value"
Ang ginamit ko po sa video na ito ay TRUE MARKET VALUE.
Bibigyan ko po ito ng linaw sa susunod na video.
Bakit po ZONAL VALUE ang ginamit para sa TRANSFER TAX at hindi Market Value/Fair Market Value?
Answer: Please take note na Transfer Tax po ito para sa pagpapalipat ng titulo at hindi po ito ang annual Tax dec na binabayaran na nakabase sa Assessed Value ng property. Sa Transfer Tax po ay pipiliin kung alin ang mas mataas: Market Value (Fair Market Value) o Zonal Value. Sa case po dito ay masmataas ang Zonal Value kaya sa Zonal Value ibabase ang transfer tax.
Kailangan bang asikasuhin agad ang pagpapalipat ng litulo pagkatapos magpagawa ng Deed of Absolute Sale?
Answer: YES po dahil may mga penalties na po pag lumampas sa due date.
Due dates:
- BIR CGT = within 30 days after the notarized Deed of Absolute Sale
- BIR DST = 5th of the Month
- Transfer Tax = 60 days after the notarized Deed of Absolute Sale
Steps sa pagpapalipat ng titulo:
1. BIR -
Document assessment: • Transfer of Title : ST...
Payment of CGT and DST: • HOW TO PAY CGT / DOCUM...
Returning to BIR after the payment: • Transfer of Title : ST...
2. Transfer Tax - • Transfer of Title : TR...
3. Registry of Deeds - • Transfer of Title: REG...
4. Transfer of tax declaration: • Transfer of Tax Declar...
Gaano katagal ang pagpapalitpat ng titulo?
• Transfer of Title: Gaa...
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ASSESSED VALUE VS. MARKET VALUE
“Assessed value is mainly used by local and county authorities for taxation purposes.
Market value indicates the price of a property that a buyer is likely to pay and the seller is likely to accept.