What is the cost of taxes and fees when selling a property in the Philippines?
When you are selling a real estate property in the Philippines, either seller or buyer pays the following taxes and fees:
- Capital Gains Tax 6%
- Documentary Stamp Tax 1.5%
- Transfer Tax .5 of 1%
- Registration Fee .25%
- Notarial Fee 1%
The computation is base on selling price or zonal value, depending on which is higher.