Titling, Taxes, Due Diligence, and Other Property Legal Services

Consulting of Transfer Title

A step-by-step guide to land title transferring in the Philippines

To start, you need to have the following requirements on hand:

1. Original copy of the notarized Deed of Absolute Sale (DOAS)

2. Owner’s duplicate copy of the Transfer Certificate of Title (TCT) or the Condominium Certificate of Title (CCT) in case of sale of condominium units.

3. Certified True Copies of the latest Tax Declaration for land and improvement of the real property. If the property sold is a vacant lot or no improvements have been made on it, a Sworn Declaration of No Improvement by at least one of the transferees or Certificate of No Improvement issued by the city or municipal assessor.

4. Tax Identification Numbers (TIN) of the Seller and Buyer.

Additional Requirements (If applicable):

1. Special Power of Attorney (SPA), If the person signing on the document is not the owner as appearing on the TCT or CCT.

2. Certificate of the Philippine Consulate if the SPA is executed abroad.

3. Location plan or vicinity map if zonal value cannot readily be determined from the documents submitted.

4. Such other requirements as may be required by law, rulings, regulations or other issuances.

5. For documents required in case of mortgage, judicial or extra-judicial settlement of estate, judicial and extra-judicial foreclosure of mortgage, consolidation of ownership, execution sale and condominium project, please refer to Documentary Requirements for the Registration of Real Property with the Register of Deeds.

Standard Policy on payment of taxes and incidental fees:

Government may impose other taxes and fees that are not covered by the above schedule. Computations of taxes and fees are not final and are subject to change based on government-mandated rates or BIR rulings or computations prevailing or applied during the registration of the documents covering the transaction. CWT computed using the Selling Price shall be for the account of the Seller. However, any amount of CWT that maybe due that is in excess of the CWT determined using the Selling Price as basis shall be for buyer’s account.

Seller Account

1. Capital Gain Tax, CWT or Withholding Tax’s

Buyer Account

1. Documentary Stamp Tax

2. Transfer Tax

3. Registration Fee

4. Miscellaneous Fees

IT Fee and other sales related fees and charges are for the account of the Buyer.

Transfer Tax should be paid within 60 days from date of notarization of Deed of Absolute Sale.

My Saving Grace Realty and Development Corp. Property Services Division offers services such as Title Services – Transfer, Document Retrieval, - Real Property Tax, Certified true copy of Title, Special Property Services – Land Use Conversion, Title Replacement.