Transfer Tax Calculator

By law and custom, the seller pays the Capital Gains Tax (CGT) since it's a tax on the gain from selling the property. However, this is negotiable between parties. In some transactions, buyers agree to shoulder the CGT as part of the negotiation, especially in buyer's markets.

Capital Gains Tax must be paid within 30 days from the date of notarization of the Deed of Sale. Documentary Stamp Tax must be paid within 5 days from the close of the month when the document was signed. Late payments incur penalties and interest charges.

BIR zonal value is the minimum property value set by the Bureau of Internal Revenue for each location. If your selling price is lower than the zonal value, taxes will be computed based on the zonal value instead. This prevents tax evasion through under-declaration of property prices.

Yes, you may be exempt if you're selling your principal residence and the proceeds are used to purchase a new principal residence within 18 months. This exemption can only be used once every 10 years. You must notify the BIR and comply with specific requirements.

You'll need the notarized Deed of Absolute Sale, Transfer Certificate of Title (TCT) or CCT, Tax Declaration, Tax Clearance, valid IDs of both parties, and proof of payment. For inherited properties, you'll also need the BIR Certificate Authorizing Registration (CAR).

After paying all taxes, the title transfer process typically takes 2-4 weeks at the Registry of Deeds, depending on the location and workload. The complete process from sale to new title issuance usually takes 2-3 months when all documents are in order.