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Difference between capital asset and ordinary asset?

Difference between capital asset and ordinary asset?

  What is a capital asset? Capital assets refer to all real properties held by a taxpayer, whether connected with his trade or business or not, and which are not included among the real properties considered as ordinary assets under Sec. 39(A)(1) of the Code. [Sec. 2(a) of RRNo. 7-2003] What is an ordinary asset? […]

THE ULTIMATE CHECKLIST AND STEPS FOR LAND TITLE TRANSFER

First-time buyers be aware. When a sale has been made and the property Deed of Sale is signed,deadliness are already running and if you are not prepared you run the risk of missing important dates to finalize the transfer of property paperwork. To help you prevent this,we’ve summarized the key steps you need to successfully […]

TAXATION GUIDELINESS FOR PROPERTY RESALE

There are countless articles online on taxes you will face when you buy real estate property,but there is significantly less information that cover taxes for sellers. Now let’s say the resale of your property is effectively done deal, but now you’re feeling at a loss on the next step. We’ve got you covered. As a […]

The Truth About Pre-Selling vs. Resale Condo Units

The Truth About Pre-Selling vs. Resale Condo Units

One of the benefits of investing in the real estate industry is that you a variety of property and investment types to choose from. From residential lots to houses, flipping or foreclosed properties. But perhaps the most common and easy investment choice is to purchase a condo unit because of the vast supply in the […]

EVERYTHING YOU NEED TO UNDERSTAND ABOUT REAL PROPERTY TAX

EVERYTHING YOU NEED TO UNDERSTAND ABOUT REAL PROPERTY TAX

Why we need to pay Real Property Tax? First, let’s dig into the rationale behind this type of tax. The RPT was designed as part of law that means to empower the local government units or (LGU) with the ability to generate revenue by creating and imposing taxes,fees,etc. The RPT’s legal basis is found in […]

REAL ESTATE TAXES IN A NUTSHELL

REAL ESTATE TAXES IN A NUTSHELL

Owning property in the Philippines does not end with finalizing the sale terms and signing the papers. In fact that is only the beginning, as a property owner,you first responsibility is to have the property assessed for taxation requirements.   Here are the key types of taxes you will encounter in real estate to help […]

DEVELOPER 101: COMPARING THE PHILIPPINE’s TOP 3 DEVELOPERS

DEVELOPER 101: COMPARING THE PHILIPPINE’s TOP 3 DEVELOPERS

As a real estate investor,you need to have an understanding of the Philippine’s most reliable developers to know where to put your money. Factors such as quality,specialization,and the especially whe multiple developers offer similarly priced investments in the same neighborhood. To help you understand the competitive world of Philippine developers,we’ve created this quick of master-planned […]


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