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  2. Real Estate Laws
    3. (Page 6)

Real Estate Laws

REAL ESATE LAWS AND REFERENCES 1.3

Is a condominium corporation mandatory to be formed in every condominium project? Condominium Corporation : Optional and Mandatory Requirement. The condominium corporation is optional if no unit will be sold in foreigners. However, the corporation is mandatory if some units, not exceeding forty percent interest in the project, will be sold to foreigners, in which […]

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REAL ESATE LAWS AND REFERENCES 1.2

Value Added Tax is a basic government tax for all commodities set at 12% on top of the price of such commodity PHILIPPINE VAT LAW: “The VAT is equivalent to 12% of the gross selling price or gross value in money of goods or properties sold, bartered or exchanged. Any excise tax on these goods […]

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REAL ESATE LAWS AND REFERENCES 1.1

What is the standard practice in the sharing of expenses for the transfer of title? The following is the standard practice in the sharing of expenses between the buyer and seller when transferring the real estate property title to a new owner: ON THE ACCOUNT OF THE BUYER: Documentary Stamp Tax – 1.5% of the […]

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REAL ESTATE NEWS

Real Estate Boom in Cebu to take peak in 2011 Ayala Land investing 1B on first high end condo project in Cebu Cebu company wins water project What’s the number 1 cause of fire in Cebu City? How Real Estate helped 107 years old man with no pension Philippine Tourism registers positive growth

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