Showing posts with label Certificate Authorizing Registration. Show all posts
Showing posts with label Certificate Authorizing Registration. Show all posts

Real Estate Fees


Here's the following fees that you need to consider upon buying and transferring the title to your name

Last Step: Land Title Transfer Process at LRA

Once you completed your requirements for Land Title Transfer for your property, the last thing you need to do is to pass it at LRA (Land Registration Authority) Office at East Avenue Corner NIA Road, Quezon City Philippines. Here's the map.

Certificate Authorizing Registration (CAR) from BIR

Requesting a Certificate Authorizing Registration (CAR) from BIR Revenue District Office for the purpose of Land Title Transfer

Requirements:
- BIR Form 1904 (Seller and Buyer)
- Deed of (Absolute) Sale
- Certified True Copy of Title (to obtain at Land Registration Authority)
- Paid Capital Gain Tax
- Paid Documentary Tax
- Certified True Copy of Tax Declaration (to obtain at Assessor's Office City Hall)
- Certificate of No Improvement (to obtain at Assessor's Office City Hall)
- Buyer's Photocopy of valid ID
- Seller's Photocopy of valid ID
- TIN of Seller and Buyer (for verification at BIR office)

If all requirements are complete, must be pass at BIR Revenue District Office of your property. Certificate will be processed in 10 days. After 10 days you can claim the Certificate Authorizing Registration (CAR).