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HowtoProcessLandTransferin
thePhilippines
By Editorial Staff - Published: Feb 9, 2016 | Updated: Apr 3, 2016
I n the previous years, the government solved problems of land titling and land transactions
through the establishment of the Torrens System. This served and will continuously serve as
protection for land owners and buyers who transact land transactions.
However, processing land transfer is still tedious enough for a non-expert. It may take some time
to nish everything and could also be too costly to hire someone who can assist you with this
process. So in order for you to have an idea on what to do, here are some helpful tips on this
process.
2 Secure assessment of Transfer of Taxes from BIR and City Treasurers Of ce and le for
Issuance of Certi cate Authorizing Registration (CAR) or BIR clearance from the BIR. The
CAR will serve as evidence that the sale has taken place and the taxes has been paid. BIR
will ask for documents such as TIN of seller and buyer, Notarized Deed of Sale, certi ed
true copy of the Tax Declaration by the Assessors Of ce, and a copy of the Original
Certi cate of Title (OCT) or Transfer Certi cate of Title (TCT).
3 Pay the transfer taxes within 60 days from the date of execution of the Deed of Sale to the
Treasurers Of ce presenting the CAR from the BIR, Tax Clearance from the Treasurers
Of ce, and of cial receipt of payment of documentary tax from the BIR.
4 File documents at the Registry of Deeds for the issuance of title. The documents to be
presented are the copy of deed of absolute sale, receipt of payment of transfer tax, CAR, tax
clearance, and TCT in the name of the seller.
5 File documents at the Assessors Of ce for the issuance of new Tax Declaration.
On a case to case basis, processing to acquire Torrens Certi cate of Title for land transfer is not
easy as expected. There are problems along the way if you have not checked thoroughly on the
previous ownership of the land. So to be sure, check rst the encumbrance or marks at the back
of the title on the property you are going to purchase.
If there are a lot of marks, ask someone who is knowledgeable enough on this matter and ask
opinion whether to proceed with the purchase or not. If not, buy a title that is free of
encumbrances. Aside from this, transferring title of land that are undivided or has many owners
is complicated because all the owners need to sign for the approval of the sale. So it is advisable
to buy a land that has already been subdivided from previous owners to avoid complication.
Youmayalsowanttoreadthis:
How to reconstitute or replace lost/destroyed Land Titles
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