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Steps For Transferring A Title

1. The document outlines the 6 steps for transferring real property title in the Philippines: filing documentary requirements with BIR, securing transfer tax assessment, obtaining a Certificate Authorizing Registration (CAR) from BIR, paying transfer taxes and obtaining tax clearance, registering the title transfer with the Registry of Deeds, and updating the tax declaration with the assessor's office. 2. Key documents required include the original and copies of the deed of sale, owner's duplicate title, tax declarations, TIN numbers, and other documents depending on the type of property. 3. The process aims to update ownership records and tax information after a property sale by completing the necessary steps across government agencies like BIR, treasurer

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LouisP
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131 views

Steps For Transferring A Title

1. The document outlines the 6 steps for transferring real property title in the Philippines: filing documentary requirements with BIR, securing transfer tax assessment, obtaining a Certificate Authorizing Registration (CAR) from BIR, paying transfer taxes and obtaining tax clearance, registering the title transfer with the Registry of Deeds, and updating the tax declaration with the assessor's office. 2. Key documents required include the original and copies of the deed of sale, owner's duplicate title, tax declarations, TIN numbers, and other documents depending on the type of property. 3. The process aims to update ownership records and tax information after a property sale by completing the necessary steps across government agencies like BIR, treasurer

Uploaded by

LouisP
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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STEPS FOR TRANSFERRING A TITLE

1. File and secure the documentary requirements at the Bureau of


Internal Revenue Regional District Office (BIR RDO)
a. Documents needed at hand:
Original copy of the notarized Deed of Absolute Sale
(DAS), plus two photocopies
Owners duplicate copy of the Transfer Certificate of
Title (TCT) or the Condominium Certificate of Title (CCT) in
case of sale of condominium units, plus two photocopies
Certified True Copies of the latest Tax Declaration for
land and improvement of the real property plus two
photocopies. If the property sold is a vacant lot or no
improvements have been made on it, a (1) Sworn Declaration
of No Improvement by at least one of the transferees or (2)
Certificate of No Improvement issued by the city or
municipal assessor
Tax Identification Numbers (TIN) of the Seller and Buyer

b. Additional documents:

Special Power of Attorney (SPA), if the person signing on the


document is not the owner as it appears on the TCT or CCT
Certification of the Philippine Consulate if the SPA is executed
abroad
Location plan or vicinity map if zonal value cannot readily be
determined from the documents submitted
Such other requirements as may be required by law, rulings,
regulations, or other issuances
For documents required in case of mortgage, judicial or extra-
judicial settlement of estate, judicial and extra-judicial
foreclosure of mortgage, consolidation of ownership, execution
sale, and condominium project, please refer to Documentary
Requirements for the Registration of Real Property with the
Register of Deeds

2. Secure assessment of transfer taxes at the BIR and Authorized


Agent Bank (AAB) or Municipal or City Treasurers Office

After filing your documentary requirements, a BIR


representative will calculate your Capital Gains Tax (CGT) and
Documentary Stamp Tax (DST), after which they will ask you to
sign three copies each of the BIR Form 1706 (CGT) and BIR
Form 2000 (DST). These will have to be filed at AAB. For areas
where there are no AABs, they will be filed with the Authorized
City or Municipal Treasurer.

3. File documents at the BIR for the issuance of Certificate


Authorizing Registration (CAR) or BIR Clearance

You will receive a claim slip with the claim date of the CAR, which will be
released along with the following documents:
Original copy of the Deed of Absolute Sale stamped as received by
the BIR
Owners Duplicate Copy of the TCT or the CCT
Original copies of the BIR Form 1706 (CGT) and Form 2000 (DST)
stamped as received by the BIR
Copies of the Tax Declaration for land and improvement
According to BIR Memorandum Order No. 15-03, BIR RDOs should
release CARs for all One Time Transaction (ONETT) within five days of
submitting all documentary requirements.

4. Pay the Transfer Taxes and secure the Tax Clearance at the
Local Treasurers Office:

Aside from paying the Transfer Tax, you also need to produce the
following documents for the issuance of the Tax Clearance:
Original and one photocopy of the Deed of Absolute Sale
Photocopy of the Tax Declaration
Official Receipt of Payment of Real Property Tax and Special Education
Fund Tax for the current year

5. File documents at the Registry of Deeds for the issuance of new


land title:

The new Owners Duplicate copy of the TCT and CCT in your name will be
released once you have presented all of the following documents:
Original Copy of the Deed of Absolute Sale stamped as received by
the BIR, plus three photocopies
Sellers Owners Duplicate Copy of the TCT or CCT
Original Copy of the CAR
Original Copy of the Tax Clearance
Original Copies of Official Receipts of Payments of CGT, DST, Tax
Clearance Certificate, and Transfer Fee
Original Copies of the Current Tax Declaration for land and
improvement issued by the local assessors office
If the seller or buyer is a corporation, submit the following requirements:
(a) Secretarys Certificate authorizing the sale of the real property; and (b)
Certified True Copy of the Articles of Incorporation and By Laws of the
seller or buyer corporation

6. File documents at the Municipal or Provincial Assessors


Office for the issuance of new Tax Declaration

For the release of the new Tax Declaration, you need to present the
following documents:
Photocopy of the Deed of Absolute Sale
Photocopy of the TCT or the CCT
Photocopy of the CAR
Photocopy of the Transfer Tax Receipt
Photocopy of the latest Tax Receipt or Tax Clearance
Some local assessors offices, such as that of Makati City, require
these additional documents: (a) Subdivision Plan, if lot is
subdivided; and (b) Full-color photos of the house, lot, or
condominium unit
It is important to note that the last step is often missed out.
Transferring ownership of a Tax Declaration should always be done
after Land Title Transfer as the name on the Land Title should
coincide with the name indicated on the Tax Declaration.

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