30/12/2024
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.
By following these steps, you can ensure a smooth and proper transfer of the real estate title.
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