Steps before BUYING a LAND 1. OBTAIN a certified true copy of the title at the Registry where the Land is Located. example: Polanco, Zamboanga del Norte..... Registry of Deeds of the Province of Zamboanga del Norte Estaka, Dipolog City..... Registry of Deeds of Dipolog City Dapitan City............ Registry of Deeds of Dapitan City 2. Conduct a Relocation Survey Hire a Geodetic Engineer 3. Execute a Deed of Sale Must be notarized 4. Pay documentary stamps at the Bureau of Internal Revenue (BIR) Paid before the 5th day of the month from the notarization of the Deed of Sale there is penalty 5. Pay capital gain tax before the 1st day of the next month after the notarization 6. Pay Transfer tax fee Get the receipt and a certification that you have paid the transfer tax Moreover, IF the Land in the Tax Declaration is classified as: Agricultural.... get a DAR Clearance at the Department of Agrarian Reform (DAR); and IF Residential.....submit a tax declaration of the building and realty tax clearance of the Building and Land IF NO improvements submit a certification of no improvements If you are the processor only.... secure a Special Power of Attorney (SPA) and THEN a xerox of your Valid ID VISIT the nearest RD for the Requirements.
Florife Mag-abo
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Florife Mag-abo
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Florife Mag-abo
Steps before BUYING a LAND
1. OBTAIN a certified true copy of the title at the Registry where the Land is Located.
example: Polanco, Zamboanga del Norte..... Registry of Deeds of the Province of Zamboanga del Norte
Estaka, Dipolog City..... Registry of Deeds of Dipolog City
Dapitan City............ Registry of Deeds of Dapitan City
2. Conduct a Relocation Survey
Hire a Geodetic Engineer
3. Execute a Deed of Sale
Must be notarized
4. Pay documentary stamps at the Bureau of Internal Revenue (BIR)
Paid before the 5th day of the month from the notarization of the Deed of Sale
there is penalty
5. Pay capital gain tax
before the 1st day of the next month after the notarization
6. Pay Transfer tax fee
Get the receipt and a certification that you have paid the transfer tax
Moreover, IF the Land in the Tax Declaration is classified as:
Agricultural.... get a DAR Clearance at the Department of Agrarian Reform (DAR); and IF
Residential.....submit a tax declaration of the building and realty tax clearance of the Building and Land
IF NO improvements
submit a certification of no improvements
If you are the processor only.... secure a Special Power of Attorney (SPA)
and THEN a xerox of your Valid ID
VISIT the nearest RD for the Requirements.
1 year ago | [YT] | 0
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