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How to Transfer Land Title in the Philippines

How to Transfer Land Title in the Philippines

Documents you will need;

1. Deed of Absolute Sale from Seller/Buyer
    - Notarize date is Transaction Date
    - Notarize fee is 0.1% of Selling Price (ex. 1,000,000 x 0.1% = 1,000)

2. Original Transfer Certificate of Title (Owner's Copy) from the Seller

3. Certified Thru Copy of Title from the Registry of Deeds (color blue)
    - request for 2 copies

4. Certified Thru Copy of Tax Declaration from CityHall Assessor's Office
    - Make at least 5 Original Copies
    - If you are not the Seller, ask for Authorization Letter, copy of his/her ID with signature and Request
       Letter.    

5. Original Tax Clearance from CityHall Assessor's Office
    - If you are not the Seller, ask for Authorization Letter, copy of his/her ID with signature and Request
       Letter.    
 6. Certificate of No-Improvement from CityHall Assessor's Office
    - If the property is LOT only.
    - If you are not the Seller, ask for Authorization Letter, copy of his/her ID with signature and Request
      Letter.    

7. Original Transfer Tax fee from CityHall Treasury Office.
    - Buyer usually pay this.
    - 75% of 1% of selling price (ex 1,000,000 x 1% = 10,000 x 75% = 7,500)


8. Original Certificate Authorize Registration (CAR) from the BIR (Bureau of Internal Revenue)
    - Seller usually pay the Capital Gains Tax (CGT) 6% of selling price (ex 1,000,000 x 6% = 60,000)
       deadline for this 30 days from Notarize Date (ex. Nov 15 due date Dec 15) otherwise there will be
       penalty.
    - Buyer will pay Docs Stamps (DS) 1.5% of selling price (ex 1,000,000 x 1.5% = 15,000)
       deadline for this 5th day of the next month (ex. Nov 15 is the Notarize Date due date Dec 05)
       otherwise there will also be penalty.

Things to remember;

1. BIR/CityHall - will always based on the higher price. (ex Deed of Sale selling price is 1,000,000 but the Market Value is 1,300,000 they will based all taxes on 1,300,000 or Deed of Sale selling price is 1,300,000 but the Market Value is 1,000,000 they will still based on 1,300,000.

2. Make at least 5 copies of each mentioned above.

3. Don't forget the Authorization Letter from the Seller/Buyer, ID with 3 signatures.

4. If possible pay in exact amount or bring enough bills and coins for small fees.

5. Once dealing always start with a smile.

6. Be patience, you will experience "back and forth" in their office for Request and Releasing.

7. Don't loose your claim Stubs for releasing.


Step 1 - once you have the Deed of Sale and Title;

 - Request for Certified thru Copy of Title from Registry of Deeds.
 - Pay the Real Property Tax for the whole year then request of Tax Clearance.
 - Request for Certified thru Copy of Tax Declaration from CitiHall.
 - Request for Certificate of No Improvement from CitiHall.

 Step 2 - if you already have these documents go to BIR and pay the CGT and DS. After that wait for the releasing of CAR. Once you have the CAR pay the Transfer Tax at CitiHall.

Step 3 - If you gather all these documents, go to the Registry of Deeds and pay the Registration fee which is usually 0.25% of the selling price. After that wait for the releasing of the New Title.

That's it!...Happy Reading : )