13/06/2024
๐๐ผ๐ ๐๐ผ ๐ง๐ฟ๐ฎ๐ป๐๐ณ๐ฒ๐ฟ ๐ฅ๐ฒ๐ฎ๐น ๐๐๐๐ฎ๐๐ฒ ๐ง๐ถ๐๐น๐ฒ๐ ๐ถ๐ป ๐๐ต๐ฒ ๐ฃ๐ต๐ถ๐น๐ถ๐ฝ๐ฝ๐ถ๐ป๐ฒ๐ (๐๐ฟ๐ผ๐บ ๐ฎ ๐ฆ๐ฎ๐น๐ฒ)
Properly transferring a real estate title in the Philippines is a critical step to ensure legal ownership and avoid future disputes. This process can be complex and time-consuming, but it is essential to prevent any potential legal issues and financial losses. Here's a simplified guide to help you through the process and ensure a smooth transition of ownership.
๐ฃ๐ผ๐๐ฒ๐ป๐๐ถ๐ฎ๐น ๐ฃ๐ฟ๐ผ๐ฏ๐น๐ฒ๐บ๐
๐๐ฃ๐ง๐๐๐๐จ๐ฉ๐๐ง๐๐ ๐๐๐ก๐๐จ: If a property sale isn't registered and the title isn't transferred, future disputes can arise, especially if the original parties pass away.
๐๐ฃ๐๐ค๐ข๐ฅ๐ก๐๐ฉ๐ ๐ฟ๐ค๐๐ช๐ข๐๐ฃ๐ฉ๐จ: Purchasing a property without verifying all documents can lead to issues if supporting documents are missing.
๐พ๐ค๐ง๐ฅ๐ค๐ง๐๐ฉ๐ ๐๐๐ก๐๐จ: If a corporation sells a property but dissolves before the title transfer is complete, the buyer may face difficulties.
๐ฆ๐๐ฒ๐ฝ-๐ฏ๐-๐ฆ๐๐ฒ๐ฝ ๐๐๐ถ๐ฑ๐ฒ
๐. ๐๐ง๐๐ฅ๐๐ง๐๐ฉ๐๐ค๐ฃ
1. ๐ฟ๐ค๐๐ช๐ข๐๐ฃ๐ฉ๐จ ๐๐ค๐ง ๐ฟ๐๐๐ ๐ค๐ ๐๐๐ก๐:
-Deed of Absolute Sale
-Acknowledgment of Payment
-Affidavit of Non-Tenancy (if applicable)
-Affidavit of Land Holdings (if applicable)
2. ๐๐๐๐ฃ๐๐ฃ๐ ๐ฟ๐ค๐๐ช๐ข๐๐ฃ๐ฉ๐จ:
-Both parties sign the Deed of Sale and Acknowledgment Receipt.
-Seller signs the Affidavit of Non-Tenancy (if applicable).
-Buyer signs the Affidavit of Land Holdings (if applicable).
3. ๐ผ๐๐๐๐ฉ๐๐ค๐ฃ๐๐ก ๐ฟ๐ค๐๐ช๐ข๐๐ฃ๐ฉ๐จ
-2 government-issued IDs of both parties
-Tax Identification Number (TIN) of each party
-Original Ownerโs Duplicate of Title
Marriage Contract (if applicable)
-Previous Certificate Authorizing Registration (CAR)
-Tax Declaration
-Real Property Tax (RPT) Receipts
-Special Power of Attorney (SPA) if applicable
4. ๐๐ค๐ฉ๐๐ง๐๐ฏ๐๐ฉ๐๐ค๐ฃ: Notarize all signed documents.
๐๐. ๐ฃ๐ฎ๐๐บ๐ฒ๐ป๐ ๐๐ผ๐บ๐ฝ๐๐๐ฎ๐๐ถ๐ผ๐ป๐ ๐ฎ๐ป๐ฑ ๐๐ฒ๐ฟ๐๐ถ๐ณ๐ถ๐ฒ๐ฑ ๐๐ผ๐ฝ๐ถ๐ฒ๐
1. ๐ฝ๐ช๐ง๐๐๐ช ๐ค๐ ๐๐ฃ๐ฉ๐๐ง๐ฃ๐๐ก ๐๐๐ซ๐๐ฃ๐ช๐ (๐ฝ๐๐):
-Get computation for Documentary Stamp Tax (DST) and Capital Gains Tax (CGT).
2. ๐พ๐๐ฉ๐ฎ ๐๐ง๐๐๐จ๐ช๐ง๐๐งโ๐จ ๐๐๐๐๐๐:
-Get computation for Transfer Tax and Tax Clearance.
3. ๐พ๐๐ฉ๐ฎ ๐ผ๐จ๐จ๐๐จ๐จ๐ค๐งโ๐จ ๐๐๐๐๐๐:
-Obtain a Certified True Copy of the Tax Declaration.
4. ๐๐๐๐๐จ๐ฉ๐ง๐ฎ ๐ค๐ ๐ฟ๐๐๐๐จ:
-Get computation for Registration Fee and a Certified True Copy of the existing Title.
๐๐๐. ๐ฃ๐ฟ๐ฒ๐ฝ๐ฎ๐ฟ๐ฒ ๐ฃ๐ฎ๐๐บ๐ฒ๐ป๐๐
1. ๐ฟ๐๐๐๐ก๐๐ฃ๐๐จ:
-CGT: 30 days after notarization of Deed of Sale.
-DST: 5th day of the following month from notarization.
-Transfer Tax: 60 days from ex*****on of Deed of Sale.
-Registration Fee: 1 year from CAR release date + 6 months extension if approved by BIR.
๐๐ฉ. ๐ฃ๐ฟ๐ผ๐ฐ๐ฒ๐๐ ๐ฃ๐ฎ๐๐บ๐ฒ๐ป๐๐
1. ๐ฝ๐๐:
-Submit required documents to ONETT for computation.
-Pay DST and CGT at the Accredited Agent Bank.
-Return to BIR to file documents and obtain the new CAR.
2. ๐พ๐๐ฉ๐ฎ ๐๐ง๐๐๐จ๐ช๐ง๐๐งโ๐จ ๐๐๐๐๐๐:
-Submit Deed of Sale and IDs.
-Pay Transfer Tax and get the Transfer Tax Clearance.
3. ๐๐๐๐๐จ๐ฉ๐ง๐ฎ ๐ค๐ ๐ฟ๐๐๐๐จ:
-Submit CAR, Deed of Sale, and Transfer Tax Clearance.
-Pay the registration fee.
๐ฉ. ๐๐ผ๐น๐น๐ผ๐ ๐จ๐ฝ
1. ๐๐๐๐๐จ๐ฉ๐ง๐ฎ ๐ค๐ ๐ฟ๐๐๐๐จ:
-Follow up on the new Title application.
-Once released, file a copy with the City Assessorโs Office.
๐ฉ๐. ๐ก๐ฒ๐ ๐ง๐ฎ๐
๐๐ฒ๐ฐ๐น๐ฎ๐ฟ๐ฎ๐๐ถ๐ผ๐ป
1. ๐พ๐๐ฉ๐ฎ ๐ผ๐จ๐จ๐๐จ๐จ๐ค๐งโ๐จ ๐๐๐๐๐๐:
-Present the new Title to get a new Tax Declaration.
๐๐ถ๐ป๐ฎ๐น ๐ฅ๐ฒ๐บ๐ถ๐ป๐ฑ๐ฒ๐ฟ๐
Pay close attention to details to avoid delays.
Bring original documents when in doubt.
Be patient due to potential wait times.
๐ญ๐๐ ๐ ๐๐๐๐๐๐-๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐, ๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐ ๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐ (๐๐๐๐ ๐๐) ๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐
๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐.
By following these steps, you can ensure a smooth and proper transfer of the real estate title.
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