Professional Documents
Culture Documents
I. Preparation
II. Secure payment computations and certified copies of the following documents.
Notes: Ask for computation of the Transfer Tax; Ask for the specific payee to
be named in the manager's check for payment (if paying in check).
Notes: Ask for computation of the Registration Fee; Ask for the specific payee
to be named in the manager's check for payment (if paying in check).
Now that you know the exact fees that you will have to pay, you should prepare these
amounts. These fees are preferrably paid using manager's checks. But you can also
pay them in cash.
Take note of the following deadlines for the settlement of these fees.
1. BIR:
o CGT - 30 days after the date of notarization of the Deed of Sale
o DST - 5th day of the following month from notarization of the Deed of
Sale
2. City Treasurer's Office:
o Transfer Tax - 60 days from date of execution of Deed of Sale or the
Acknowledgment of Payment
3. Registry of Deeds:
o Registration Fee - 1 year from the date of release of CAR from BIR + 6
months extension if approved by BIR upon due submission of request
IV. Process payments to BIR.
1. Fill out an application form for transfer of Title and present the following
requirements to the Examiner of the Day:
o CAR from the BIR
o Deed of Sale
o Transfer Tax Clearance
2. Submit the manager's check or cash payment to the cashier for the
registration. Then attach the receipt to the application form together with the
documents stated above.
VII. Follow up with the Registry of Deeds.
1. Contact the assigned examiner for the progress of your application for new
Title.
2. Once the new title has been released, file a copy with the City Assessors'
Office.
1. Finally, when the new Title under the buyer's name is already released, present
it to the assessors' Office for the issue of the new Tax Declaration.
2. Congratulations! You've now completed the proper transfer of Title.