buying that lot

[jonnijon]

Land may seem cheap to some of you but remember! To register the land cost nearly as much again. By register I mean process the title.

[fred]

Land may seem cheap to some of you but remember! To register the land cost nearly as much again. By register I mean process the title.

Jonnjon

To register and title land it costs NO more than 10% to the BIR etc..(usually around 7.5%)
This is based on the value of the land or in many cases,the selling price.
Most land purchases here declare far less than the total cost paid so that percentage figure is far less in reality..
In big cities like Manila where they have zoning,the tax due is calculated on the zonal value..
Cheers,
Fred.

[jonnijon]

I have four plots Fred

[fred]

I have four plots Fred

Just dont lose em!!



(Lose the plots???? OK.... Nevermind.....I`ll get me coat)