For corporations engaged in or dealing with real estate in the Philippines, understanding the tax implications, particularly concerning the sale of "ordinary assets," is crucial. This article provides a comprehensive overview of the definitions, Value-Added Tax (VAT) rules, and other relevant tax considerations for corporate sellers of such properties, incorporating recent legislative updates like the...
In the heart of the Philippines lies a city pulsating with color, rhythm, and a profound sense of devotion. Cebu City, known for its rich cultural heritage, becomes a canvas of vibrant expressions every third Sunday of January during the annual Sinulog Festival. As we embark on a journey through this kaleidoscopic celebration, we will unravel the historical tapestry, witness the spiritual devotion, and...
Whether you’re buying, selling, or inheriting property in the Philippines, it’s crucial to understand the taxes involved. Real estate transactions come with a range of government-imposed fees that can significantly affect your budget and timeline. In this guide, we break down the essential taxes you need to know—what they are, who pays them, and when they’re due—to help you navigate the process...
It might be challenging to negotiate a real estate deal. Negotiating the sale or purchase of a home may be tense whether you’re the buyer or the seller. Yet, you may improve your chances of obtaining the greatest bargain possible by using the appropriate advice and techniques. We’ll go over some real estate negotiating advice in this post to give you some confidence as you go through the...
As one of the most significant financial decisions, you will make, buying or selling a property can be a complex and overwhelming process. With so many factors to consider, it’s no surprise that many people turn to real estate agents for guidance. However, whether you’re a first-time homebuyer or a seasoned investor, having a basic understanding of real estate can help you make informed decisions and...
Real estate investment can be a lucrative way to build wealth and secure your financial future. However, getting started can be overwhelming for novice investors. With so many variables to consider, it’s essential to have a solid understanding of the basics before diving in. In this comprehensive guide, we’ll cover everything you need to know to start building a successful real estate investment...
The real estate industry is constantly evolving, and technology has become an integral part of every aspect of the business. Whether you’re a real estate agent, investor, or property manager, utilizing the right tools can help you streamline your work, increase your efficiency, and ultimately boost your success. In this blog post, we will explore five must-have tools that everyone in the real estate...
For millennials, owning a home has always been a dream. However, with rising costs of living and a shift towards urban living, more and more millennials are turning to vertical living, particularly in condos. In this blog post, we will explore the top features that make condos appealing to millennials. Lifestyle Location Affordability Sustainability Low Maintenance Security Community Amenities...
Buying a condo property is a significant financial investment, and it’s important to find ways to save money without compromising on quality. In this blog post, we’ll provide you with five smart money-saving tips for buying a condo property, including determining your budget, considering foreclosed units, choosing an easy payment term, saving for upgrades, and renting out the unit to fund monthly...
Landlords may find it difficult to manage their properties, particularly in a country with a competitive real estate market like the Philippines. Yet maintaining your property can be profitable and satisfying if you have the correct approaches and information. We will provide you with 15 key pointers for efficient property management in the Philippine real estate market in this post. 1. Understanding...
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