Thanks for the video. Php 228,000 tax on a 500,000 capital gain is effectively 45.6%. Surely you calculate the capital gain between the original purchase price and the selling price, then apply the tax rate. So in the example you gave, Php 3.5m - Php 3.0m = Php 0.5m x 6% =Php 30,000.
Under Philippine tax rulings, the basis for capital gains tax is the Pressumed gain and not the Actual gain. Thus, the 6٪ cgt rate is multiplied to wc ever is higher value.
Thanks for this very helpful content. If say you’re selling a property for 100,000….. 20,000 Commission goes to realtor so as a seller you’re left with 80,000. Do you calculate the CGT based on 100K or the remaining 80K ? in the philippines po. salamat.
It computation is based on the Market Value, BIR Zonal Value or Selling price whichever is higher. Any amount deducted from these i.e. commission, DST, other fees are not included in computing CGT.
Hello po. Ask lang po..may ibinebenta pong house and lot, clean title. Pwede iloan sa pag-ibi, sino po ang dapat magbayad ng caputal gain tax? Seller po ba o si buyer?
Hi Sir, I'd like to ask questions po I hope you'll notice. 1. Is there an exemption in CGT if the Seller is a senior citizen? 2. Is there any chances to lower CGT? Thank you po.
Hi Jerome. Walang exemption sa CGT if senior ang seller, also straight forward kasi ang computation na wc ever is higher between selling price (deed of sale), zonal value ng BIR or assessed value ng LGU.
Ask ko lang sir, what if pasalo lang yung binenta? Then yung cashout nasa 300k lang, yung selling price or TCP padin ng property iccompute yung for CGT na 6%?
Sir thanks for this info, but how do you compute the CGT on improvements for house and lot property, because I paid 2 Tax Declaration for my house Thanks in advance!
Hello Atty. Puede po bang magtanong kung kailan nagsimula ang Pilipinas magimplement ng capital gains tax, was it 1989? Kung ang transfer before that, exempt ba nang capital gains tax? Salamat, Attorney.
Ang Tax Code po natin na gamit ng BIR ay naipasa noong 1997. Pasyal nalang po kayo as RDO niyo and look for the officer of the day for assistance. Also, paassist din po kayo sa Assessor's office ng LGU niyo.
Atty, nagpa compute po ako ng cgt sa BIR.Mas mataas po sa selling price yung tax base dahil daw po nag hati sa pagbabayad ng cgt ang buyer 50 % at 50% sa seller. Tama po ba yung ONETT officer na nag compute? Thanks po!
Hi Alvekrisna. Isa lng po, ung CGT is based sa transaction hindi po sa ilan ang name sa title. Bahala na din sila panu maghati sa binayaran na CGT and DST.
If in case I’ll rent out po my condo maybe for a short term or long term rental, what’s the minimum years that I can rent it out to pay only 6% capital gains tax instead of 12% in case I decided to sell it? Thank you po.
hello po tanong ko lang po. may balak po kc kami mag binta ng house and lot.. kapag 3.8M ang tax na babayarn is 228k tama po ba? kapag mag binta kami ng bahay na halaga 3.3M mga nasa 190k ang mababayaran namin sa tax tama po ba sir? thank u sa sagot
sir good day. please inlighten me. how will i compute if the land was purchase last 2013? paano ko po icompute ang CGT? how much then po interest/surcharges?
Atty. Pwede na po ba ipatransfer ng buyer sa pangalan nya ang title kahit na nakapangalan pa sa original na may ari at hinuhulugan pa sa pag ibig? Tnx in advance..
new po ako dito sir, pano po nag sell ng real property tapos yung benta is ginamit to acquire new property, pano po pag compute ng cgt po? sana po masagot, salamat po.
Hello atty ask lang po paano po yung tax declation po yung kanyang fair value e nasa 159k lang po e 2023 na po may nabago na po sa bahay paano po gagawin hindi po ba kami ma question sa bir po?
Ang basis naman po ng computation ng CGT ay wc ever is higher ng selling price, tax dec at bir zonal value, kya kung tama basis hindi naman iquestion ng bir. Kung sakaling may improvement, usually makikita sa selling price. Inform nio nalang din po yung local assessor niyo may improvement sa property.
Hi atty, meron po ako kinuha na preselling condo 12 months ko na nabayaran dp ngayon po gusto ko na ipa transfer of rights sa bago owner. May cgt na ba yun
Hi Rody. Yung babayaran na CGT ay based sa nabenta lang na property. CGT ay conaidered as one-time-transaction tax, meaning based lang sa nangyareng sale tramsaction ng capital asset.
Hi. Pano po kapag di pa fully paid ng seller yung property then ittransfer niya sa buyer yung property so icontinue ni buyer yung balances (monthly amortizations and lump sum balance)? Subject to CGT pa rin ba si seller? Saan po binabase yung 6% na computation if ever subject to CGT? Sa full price amount ba ng property or sa kinita lang ni seller?
Computation of CGT for the transaction is based on whichever is the highest among selling price per Deed of Sale, value per tax declaration, and BIR's zonal value. The seller, as indicated sa covering Deed, ang liable to pay the CGT.
Atty gud pm, naguguluhan po kase ako sa capital gain tax. May binili po kami lot na 314 sq.m for 750k na may classification residential at zonal value na 600 per sq.m pero sa market fair value nya sa tax dec naging 849,000 po sya then yung buildg na 36 sq.m nakalagay sa tax dec naman po ay commercial na may fair value na 21,000. Ng magpunta po kami sa BIR para magpacompute sa CGT, nagulat po kami na yung computation po sa zonal value ng BIR naging 10,000 per sq.m na sya naging 3,140,000 at naging comercial na po sya. Pano po kaya yun, at naguluhan po sa computation ng BIR nagfocus lang po ako sa which ever is higher na computation kaya nagloan ako ng pambayad sa CGT para sana sa amount na alam ko yung sa tax dec na galing sa assesor. Sana mapaliwanagan nyo ako kung bat umabot at naging commercial ang ginawa ng BIR kahit residential naman po sya. Salamat po at more power po!
The bldg is classified as commercial per tax dec and such may have been considered in determining the predominant use and value of the properties--including the land on w/c the bldg is situated. You may also look into updated zonal values of the area since zonal values are requured to be updated after certain number of years.
Big thanks po sir sa mabilis na sagot! Mas napamahal pala ako sa gastos kase di ko nacheck macheck mabuti yung sa tax dec na dati pala sari sari store na duon din sya nakatira sa 36 sq.m pero ng mabili namin sya mga 6 yrs na pala wala tindahan. Di na namin sya tyak mahahabol sa assesor para mapabgo at baka magpenalty naman kami sa capital gain kase sept sya notrized ang deed.
Gud pm po, paano po kapag namali ako ng file ng form 1702q, unang filing with amount tapos inammend ko po the moment na nalaman kong mali ung nafile, tax credit po dapat. Need po bang bayadan yung unang na file?thank u in advAnce po
Depende sa zonal value at value per tax declaration din, nde lng sa selling price ang cgt at dst due. Pero dhl 2015 pa sale, may accumulating penalties na for late filing & payt up until mabayaran ang taxes due
bought a lot fully paid in 2022 before the zonal value changed. When calculating CGT, where do we base the zonal value from? Is it from the previous version or the latest version which was released right after full payment of the property? Your comment please, thank you.
Ang gagamiten na value ay wc ever is higher between zonal value ng BIR, or market value ng LGU assessor niyo or selling price. In this case yung Php 5M ang basis ng 6% CGT.
Pag p b nkbayad na sa cgt under name ng buyer . Drtso n po b din to sa regester sa accessor office under the name ng buyer ?if ever po e verify ung property under sa name ng buyer saan po pwede mgpunta . Thankyou sana po mpnsin
Ang seller po ang liable to pay cgt. Pag complete doc reqts and paymt to BIR, magiissue sila ng eCAR to be presented to Registry of Deeds. To verify if nalipat na ownership ng property, best sa Registry of Deeds po kau magverify.
Hello po Atty. Good evening or good day, whenever niyo po mabasa itong aking tanong...kami po ay nakabili ng house n lot po for 6.5M which is coconut land pa sa tax dec ng seller,nag downpyment po kami ng 4M sa seller at the rest po imina monthly namin ng payment for 4 yrs po..tanong ko po sana kung sino po ang mag sholuder ng CGT?si seller po ba or yung BUYER? pls po sana po masagot niyo po.maraming salamat po.
Atty.my nabili asawa ko 700 square meters portion lang po 210,000 last 2015 ngayon po ay ipapasubdivide namin .magkano po kaya ang cgt atty??salamat po sa sagot
Depende po sa Selling price, Market Value na assessed ng LGU Assessor or BIR Zonal Value--wc ever is higher multiplied to %6. Mag laan din po kayo sa DST at other processing fees.
Hi Sir, malinaw nman po ang 6% for cgt pero bakit kpag pina compute n sa BIR ang dami n po additional charges n hindi nman n educate ang mga pangkaraniwang tao dito?
Ang basis ng CGT ay wcever is higher between Market Value sa Tax Declaration, BIR Zonal Value or selling price. Hindi pa po kasama ang computation ng DST.
Good pm po attorny ask ko lang nag loan po kmi sa pag ibig ng house and lot naloam po nmin is 1.65 pero ang apraise value po ni pag ibig is 1.9 po alin po masusunod na na prize para s cgt
Which ever is higher between selling price, zonal value (BIR) and market value (assessor ng LGU) para sa lot. For the building, normally wala pa CGT kung under construction pa po. Kung constructed na, same valuation basis as doon sa lot.
Hi dianna. May cases kasi na pinapashoulder ng seller on top ng selling price ang CGT sa buyer. Minsan kasama na din na pinapashoulder ang DST. Clarify mo nalang sa sales contract kung pass to buyer ang CGT, kasi acceptable naman yun na practice kung amenable si buyer.
Hindi na, kasi yung CGT mapuputa sa BIR kya yung consideration ay yung selling price lang--assuming walang naka charge na processing fee or other fees.
@@gerardcarpizo i experienced po kasi na ginogross up po nila yung selling price, pagka ang CGT ay shouldered ni buyer. Selling price divided by 94% to get the 100% of the total SP. Kinakarga po nila ‘yung CGT pa sa consideration. What can you say po about this?
Sa processing po ng eCAR in re to CGT, dalhin yung TIN ng buyer and seller, notarized deed of sale, tax dec, proof of payment ng buyer, cert true copy ng OCT/TCT. Kasama sa submisaion ung BIR form ng CGT at DST. Drop by nalang sa BIR RDO para makapag pa assist.
Based sa CGT na hindi nabayaran, mayroong compromise penalty na P1k plus 20% interest per annum based sa unpaid tax (30k x 20% × no. of years na hindi binayaran) plus 25% surcharge of unpaid tax.
Sir, as a buyer ako na po ang magbabayad nun usapan namin hahanapan pa ba ng Tin ang Seller kahit na ako (Buyer) na ang sasagot ng CGT? Thanks po sana masagot. GOD Bless po :)
Mag pa assist din po kayo sa local assessor at RDO niyo, dahil kung ipapasubdivide niyo na for housing purposes, baka iconvert na into residential na kahit na sa tax dec ay agri dahil papalitan nio ang predominant use ng lupa.
Sir Gerard, my agreement kmi ni buyer n sya n mgshoulder ng CGT, DST pwde po b yon? at my na-watch ako pwde ang buyer magfile sa BIR para less hassle po? If yes po ano po mga karaniwan requirements if Buyer mgpafile? Thanks Sir
Hello. Pwede naman na yung CGT at DST ay kasama sa agreed ng buyer at seller. Ang importante ay ma-process ung eCAR from BIR kasi yun ang need para malipat sa name ng buyer from seller sa pag process ng title.
Hello po, ask ko lang po may bibilhin kase kaming condo Unit with parking 2br Unit po s’ya. Then ang deal namin ni seller is 6.5m including na Cgt at other transfer fees. Peru nasabi ni seller na hindi n’ya idedeclear ang totoong selling price na na pag kasunduan namin na 6.5m para makatipid po s’ya sa cgt na babayaran n’ya. Ang tanong kopo hindi po ba kami magka problema nun? Baka kami pa as buyer ang habulin ni b.I.r if ever po? Peru sabi n’ya sa deed of absolute sale is 6.5m talaga yung declare n’ya
Valid yung sale kung nasunod naman agreement based sa contract of sale ng parties. Hindi lang maittransfer sa buyer ang titulo kasi walang eCAR (tax clearance).
Kung commercial yung property at predominantly used for business purposes hindi subject sa CGT, otherwise yung assessed value ng property na commercial ay iccompare sa selling price or BIR zonal value wc ever is higher.
Capital GAINS Tax. Assuming for the sake of argument na ang Selling Price, say of 1,500,000 ang mataas sa 3 na mga values as per BIR, bakit directly you have to multiply 6% to 1.5M to get the CGT? Is it not the presumed gain? Halimbawa nabili ni Seller ung lupa at 1M, supposedly, the GAIN by the Seller is 1.5M less 1M, so 500K ung GAIN mo doon. Supposedly CGT is 6% of 500K, not of 1.5M. Is it wrong? Otherwise, paano naging GAIN un kung sa Selling Price (or whichever is higher blah blah) magbabasi?
@@gerardcarpizo salamat po. Meron kase lot property mother ko kaso 3yrs n pla hindi nppatransfer ung title. Kaya medyo worried sa lake ng penalty and interest sa CGT.😅
Depende sa agreement ng buyer and seller, kung add on yung CGT sa babayaran ng buyer sa selling price. But in general, you are correct, seller ang nagbabayad.
