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Issued by the Bureau of Internal Revenue (BIR), a Certificate Authorizing Registration (CAR) is a mandatory requirement needed to process the transfer of property assets in the Philippines. It is commonly referred to as a significant tax clearance in relation to the transfer certificate of title or condominium certificate of title. Its absence greatly affects […]

As one of the countries proudly displaying sunny views, affordable living, and hospitable neighbors, it is not a common notion that foreign nationals take interest in owning real estate properties within our territory. One of the most frequently sought properties belongs to units from sky-rise condominiums located within business-run locations – like the cities within […]

When a person dies and leaves assets in his name, there is a need to settle or distribute his assets and transfer these to his heirs.  The totality of these properties, whether real or personal, is called the estate of the deceased or decedent. Examples of personal properties are a mutual fund placement or a […]

What is Transfer Tax? Transfer tax is the tax imposed on any transaction that results in the barter, the sale or the transfer of title of real property you possess. As a taxpayer, the transfer tax is needed to be settled before you are issued your new transfer certificate of title. These rates vary and […]

What is Real Property Tax? According to the Lifeblood Doctrine, taxation is the lifeblood of the government. Without taxation, there is no government ; that the government cannot exist without tax. Real Property Tax, also known as the financial backbone of local governments, are revenues collected to significantly finance the country’s public amenities and property […]