TAX LAWS AND PROPERTY OWNERSHIP

Philippine Tax Declaration: A Guide to Filing Your Taxes Correctly

In the Philippines, filing a tax declaration provides the Bureau of Internal Revenue (BIR) with a statement that lists all of an individual's or entity's earnings, outlays, and taxes owed for a given time frame. Individuals and corporations in the...

Idle Land Tax in the Philippines: Overview and Implementation

In the Philippines, the idle land tax is known as the "Special Education Fund Tax on Idle Lands". It is imposed by the Local Government Units (LGUs) on undeveloped or underutilized land. It is also called the "Special Education...

Understanding Real Property Tax in the Philippines: A Guide for Property Owners

The Philippines' real property tax is imposed on real property, such as land, buildings, and other improvements permanently attached to the land. It is a local tax, meaning that it is levied by local government units such as cities,...

8 Steps on How to Transfer Land Title in the Philippines

Change in ownership of a property in the Philippines happens all the time. For example, a buyer agrees to acquire a tract of land from its original at a certain price so he or she can build a house,...

Taxes To Be Paid On Real Estate Transactions in the Philippines

Just like taxes charged on top of the price tags for products we pluck out of grocery shelves, taxes are also imposed on transactions on real estate properties in the Philippines. This concept should always be kept in mind. By...

6 Types of Pag-IBIG Foreclosed Properties Available for Bidding

Pag-IBIG housing projects come in different shapes and sizes, depending on the financial power and preferences of buyer-owners. So it’s no wonder the type of home dwellings appear in the list of foreclosed properties up for disposal at scheduled...

Evict Squatters from Philippine Properties – Tips and Legal Advice

Even as the Philippines marches on towards development, many Filipinos remain poor. Around 23.7% of the population lived below the national poverty line in 2021. With a general lack of livelihood opportunities, inflation, high unemployment, and underemployment rate, and...

How to Check the Authenticity of a Property Title

Property value normally increases as time goes by considering developments and the location of this property and you could look into a couple of thousands to millions in your return of investment. With the increasing demand of property, it...

Procedure in Transferring Land Titles in the Philippines

Buying and selling a property, unlike most people think, is not an easy task. The process of transferring the ownership of land from seller’s name to buyer’s name is quite complicated. If you are the buyer of any land then...

Philippine Real Estate: Taxes for Buying, Selling and Inheriting Property

Buying, selling or inheriting real property can be a big challenge especially if you do not know how to go about the tax remittances required of you. Well, just like the case with other business ventures, evasion of real...
- Advertisement -

Latest News

Understanding Property Depreciation in the Philippines

Depreciation is the decrease in the value of an asset over time due to wear and tear, obsolescence, or...
- Advertisement -