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    How To Transfer Land Title in The Philippines

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    Marilyn Perez Olaño
    To transfer land title in the Philippines, the buyer must first file documentary requirements like the notarized deed of sale and title documents at the Bureau of Internal Revenue (BIR). The BIR will then assess the necessary transfer taxes. With the tax payments and other clearance documents, the buyer can acquire a new title under their name from the Registry of Deeds. The entire process requires submitting documents to multiple government offices and may take several months to complete due to availability of documents and processing times.

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    How To Transfer Land Title in The Philippines

    Uploaded by

    Marilyn Perez Olaño
    515 views3 pages
    To transfer land title in the Philippines, the buyer must first file documentary requirements like the notarized deed of sale and title documents at the Bureau of Internal Revenue (BIR). The BIR will then assess the necessary transfer taxes. With the tax payments and other clearance documents, the buyer can acquire a new title under their name from the Registry of Deeds. The entire process requires submitting documents to multiple government offices and may take several months to complete due to availability of documents and processing times.

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    Transfer Land Title in the Philippines

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    How to Transfer Land Title in the Philippines

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    To transfer land title in the Philippines, the buyer must first file documentary requirements like the notarized deed of sale and title documents at the Bureau of Internal Revenue (BIR). The BIR will then assess the necessary transfer taxes. With the tax payments and other clearance documents, the buyer can acquire a new title under their name from the Registry of Deeds. The entire process requires submitting documents to multiple government offices and may take several months to complete due to availability of documents and processing times.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    515 views3 pages

    How To Transfer Land Title in The Philippines

    Uploaded by

    Marilyn Perez Olaño
    To transfer land title in the Philippines, the buyer must first file documentary requirements like the notarized deed of sale and title documents at the Bureau of Internal Revenue (BIR). The BIR will then assess the necessary transfer taxes. With the tax payments and other clearance documents, the buyer can acquire a new title under their name from the Registry of Deeds. The entire process requires submitting documents to multiple government offices and may take several months to complete due to availability of documents and processing times.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3
    At a glance
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    The key takeaways are the steps required to transfer land title in the Philippines including securing documents, paying taxes, and acquiring a new title under the buyer's name.

    The necessary documents required are the original and photocopies of the Deed of Absolute Sale, Transfer Certificate of Title, latest Tax Declaration, TIN of buyer and seller and other documents depending on the case.

    The steps to transfer land title are filing documents at BIR, securing tax assessment, paying taxes, acquiring tax clearance, presenting documents at Registry of Deeds to acquire new title under buyer's name.

    https://www.infinit3solutions.

    com/blog/how-to-transfer-land-title-in-the-philippines/

    HOW TO TRANSFER LAND TITLE IN


    THE PHILIPPINES
    by Wendy Atienza | Oct 23, 2018 | Blog |
    At this point, you must have decided to buy a property and pay the agreed price, now what’s next?
    Along with this is signing the Deed of Sale and making everything official by having the document
    notarized. Once done, the tax payments are already in effect, 30 days to be exact. You better pay it
    on time if you don’t want to pay the penalty that might be greater than the value of the property you
    purchase.
    It is crucial to transfer the land title to your name as the new owner of the property, this will protect
    you and your investment. As we said before, just in case someone (with no evidence) show up and
    claim the property, you have all the proper and legal documents to prove that you are the rightful
    owner of the said property.
    To give you an idea on how to transfer the land title to your name, here’s the step-by-step process
    on how to transfer land title in the Philippines, and the necessary documents:

    File and secure all documentary requirements at the


    Office of the Bureau of Internal Revenue Regional
    District (BIR RDO)
    Bring hard copies of the following documents:
     (1) Original copy and (2) photocopies of the notarized Deed of Absolute Sale (DAS)
     (1) Owner’s duplicate copy and (2) photocopies of the Transfer Certificate of Title (TCT) or the
    Condominium Certificate of Title (CCT) in case of sale of condominium units
     (1) Certified True Copies and (2) photocopies of the latest Tax Declaration for land and improvement
    of the real property.
     *NOTE: 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 is required
     Tax Identification Numbers (TIN) of the Seller and Buyer
    Additional requirements are needed for certain cases.

     Special Power of Attorney (SPA) (If the person signing on the document is not the owner as it appears on
    the TCT or CCT)
     Certification of the Philippine Consulate (If the SPA is executed abroad)
     Location plan or vicinity map (If the zonal value cannot readily be determined from the documents
    submitted)
     Other relevant requirements as may be required by law, rulings, regulations, or other issuances (case to case
    basis)
    Secure assessment of transfer taxes at the BIR and
    Authorized Agent Bank (AAB) such as Landbank or
    BPI or Municipal OR City Treasurer’s Office
    After filing the required documents, a BIR representative will calculate your Capital Gains Tax (CGT)
    and Documentary Stamp Tax (DST) and will ask you to sign three (3) copies each of the ff:
     BIR Form 1706 (CGT)
     BIR Form 2000 (DST)
    This process can be handled either by you or the seller, depending on what you have agreed upon
    during the contract signing.

    File documents at the BIR for the issuance of


    Certificate Authorizing Registration (CAR) OR BIR
    Clearance
    You will receive a claim slip with the claim date of the CAR, which will be released along with the
    following documents:
     Original copy of the Deed of Absolute Sale, stamped as received by the BIR
     Owner’s Duplicate Copy of the TCT or the CCT
     Original copies of the BIR Form 1706 (CGT) and Form 2000 (DST), stamped as received by the BIR
     Copies of the Tax Declaration for land and improvement
    According to BIR Memorandum Order No. 15-03, BIR RDOs should release CARs for all One Time
    Transaction (ONETT) within five (5) days of submitting all required documents.

    Pay the Transfer Taxes and secure the Tax Clearance


    at the Local Treasurer’s Office
    Prepare the following documents for the issuance of the Tax Clearance:
     (1) Original copy and (1) photocopy of the Deed of Absolute Sale
     (1) photocopy of the Tax Declaration
     Official Receipt of Payment of Real Property Tax and Special Education Fund Tax for the current
    year

    Acquire the new land title with the new owner’s name
    on it at the Registry of Deeds
    The new owner’s duplicate copy of the TCT and CCT in your name will be released once you have
    presented all of the following documents:
     (1) Original Copy and (3) photocopies of the Deed of Absolute Sale, stamped as received by the BIR
     Seller’s Owner’s Duplicate Copy of the TCT or CCT
     (1) Original Copy of the CAR
     (1) Original Copy of the Tax Clearance
     Original Copies of Official Receipts of Payments of CGT, DST, Tax Clearance Certificate, and
    Transfer Fee
     Original Copies of the Current Tax Declaration for land and improvement issued by the local
    assessor’s office
    If the seller or buyer is a corporation, the following documents will be needed:
    1.
    1. Secretary’s Certificate authorizing the sale of the real property
    2. Certified True Copy of the Articles of Incorporation and By-Laws of the seller or buyer corporation

    File documents at the Municipal or Provincial


    Assessor’s Office to get a new Tax Declaration
    Present a photocopy of the following documents:
     Deed of Absolute Sale
     TCT or CCT
     CAR
     Transfer Tax Receipt
     Latest Tax Receipt or Tax Clearance

    Final Thoughts:
    Transferring a land title will require you to go back and forth to different government office and it may
    take a few months depends on the availability of all the documents and of course, how long it will
    take for the government employees to do the actual process. It may take longer if there are some
    problems or issue. If its sounds laborious for you, message us and our team here at
    Infinit3Solutions will be glad to give you a hand and go through the process on your behalf.

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