The price you see in the flyers / brochures doesn’t always show the final amount of what you will be paying – it’s important to know that there are several other fees you need to pay on top of the total sale price for the house or condo that you’re planning to buy.
Real estate website Hoppler lists down the additional payments you should know below:
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 Documentary 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 Documentary 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
