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Regulatory


25% Tax on Sale of RE
Cong. Salceda filed a bill that imposes a 25% tax on non-essential goods (NEG), which includes RE properties sold for more than P100K/sqm.
Feb 2, 20231 min read


Maceda Law in Practice
Under this law, RE buyers who have paid for at least two years and defaulted from the remaining installments are entitled to a refund of 50%
Jan 18, 20232 min read


Habitually Engaged
Unknown to many real estate investors, there's another way the BIR could classify you as a person "engaged in real estate business."
Jan 13, 20231 min read


Transfer Tax Exemption
Did you know that in Quezon City, house and lots sold by senior citizens are exempt from transfer tax?
Jan 6, 20231 min read


More Rate Hikes Coming
BSP Governor Medalla was quoted by PhilStar saying, "the likelihood of zero [interest rate hikes] in the next two meetings is extremely low.
Dec 19, 20221 min read


BSP Hikes Rates by 0.5%
On December 15, the BSP raised key interest rates by another 50 basis points (0.5%) to rein on inflation and protect the peso.
Dec 16, 20221 min read


Critical Parts of an SPA
In the Philippines, these are the critical clauses Special Powers of Attorney (SPAs) should include.
Dec 14, 20221 min read


Zonal Value Revision
Here's a list of BIR Revenue District Offices (RDOs) in Metro Manila likely to revise zonal values soon.
Nov 25, 20221 min read


RE Broker = Vatable?
I've encountered several broker colleagues for whom the BIR imposed VAT for selling their personal properties. Is this correct? No. Real...
Nov 24, 20221 min read


Paranaque Zonal
Please be informed that there will be a Public Hearing on the Revision of Schedule of Zonal Values of Real Properties in ParaƱaque City...
Nov 21, 20221 min read
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