ALL BLOG POSTS

Mar 182 min read

Where to pay Donor's Tax?

Mar 71 min read

209,000

I've figured out why the BIR increased the zonal value for Ayala Heights to Php209,000.

Feb 191 min read

South Quezon City Zonal Highlights

Here are the highlights of the new zonal valuations for South Quezon City.

Jan 311 min read

2024 Taguig Zonal Value Revision

The 2024 zonal value revisions for Taguig City have been released.

Jan 221 min read

Unwritten Rule #8

If you overpay the government, good luck getting a refund.

Jan 191 min read

Unwritten Rule #7

When claiming capital gains tax exemption, the law presumes the use of the full amount of the sale proceeds.

Jan 91 min read

BIR: Can I see the Property?

...So, the examiner demanded to visit the property...

Dec 1, 20233 min read

BIR RMC 99-2023

The BIR released Revenue Memorandum Circular (RMC) 99-2023 that discusses how to tax RE properties classified as "Ordinary Assets."

Oct 16, 20232 min read

Chasing after Lessors

Last week, several people asked me for my comments regarding an incident in BGC...

Oct 11, 20232 min read

VAT registered?

Usually, in determining whether a sale would be subjected to VAT, brokers ask sellers whether they're "VAT registered." Is this correct?

Aug 18, 20231 min read

Basis for VAT-Update

Last August 2, I made a post entitled "The Basis for VAT." Here's an update regarding that matter.

Jun 29, 20232 min read

Paying the wrong RDO

What happens if you pay the Capital Gains Tax and Doc. Stamp Tax at the wrong RDO?

May 29, 20231 min read

Engaged in RE Business

Please, please... If there's only one thing you could take away from me, it's this: NEVER REGISTER YOURSELF AS A PERSON ENGAGED IN RE BUSINE

Apr 26, 20232 min read

The next big thing: PH RE

99.9% of the time, PH property owners lodge real estate assets under individuals' names or companies.

Apr 11, 20232 min read

Uh oh, you owe

Once upon a time, an individual wanted to rent their old house, which was now located along a highly commercialized street.

Mar 27, 20232 min read

CGT Exemption

Here are three things you should remember when claiming a Capital Gains Tax Exemption (CGTE).

Feb 20, 20231 min read

BIR Wishlist

Here are three things I wish the BIR would do to improve services. Just some wishful thinking.

Feb 13, 20232 min read

ONETT Trap

The ONETT is BIR's "one-time transaction" computation of taxes to be paid for selling a real estate asset.

Jan 13, 20231 min read

Habitually Engaged

Unknown to many real estate investors, there's another way the BIR could classify you as a person "engaged in real estate business."

Dec 13, 20221 min read

Please pay extra

Once the unit was ready for turnover, the Developer asked for an extra amount.