Where to Pay Transfer Tax in Bulacan

The 1991 Local Government Code (LGC) also levies taxes on the sale or transfer of ownership or ownership of a property. This is in the nature of a real estate transfer tax. No matter how difficult the task is, you have to do what you need to do, right? If you don`t pay the taxes or transfer the title on time, you`ll get a headache. b. Categorical declaration of transfer of ownership and ownership from the Seller to the Buyer; The payment of real estate transfer tax is the responsibility of the seller, donor, transferor, executor or administrator. The cost of the round trip transaction includes all the costs of buying and subsequently reselling a property – attorney`s fees, notary fees, registration fees, taxes, agent fees, etc. Notary fees are usually around 1% to 2% of the value of the property. Notary fees are negotiable. Local Transfer Tax: Local property transfer tax is 0.50% for properties in the provinces and 0.75% for properties in the cities and towns of Manila.

I have a question that I bought a lot here in Cebu City, and I have an absolute deed of sale, but I did not transfer it to my name. My question is whether I have an absolute deed of sale, I am already the owner, even if I have not transferred it to my name. The Count`s transfer tax is 50% of 1% (75% of 1% in the case of cities and municipalities in Metro Manila) of the total consideration associated with the acquisition of the property or fair value if the financial consideration associated with the transfer is not significant, whichever is greater. .