Manila Water Company, Inc.

Computation of Taxes
Transfer of Land

Sale of Land in Laguna (Darius Bonita)

Total area of the land sold (sq.m.) 3,214

Price per sq.m. 1,000.00
Fair Market Value (FMV) of the land 3,214,000.00
Capital Gains Tax (CGT) rate 6%
CGT 192,840.00

FMV of the land sold 3,214,000.00

Documentary Stamp Tax (DST) rate 0.015
DST 48,210.00

FMV of the land sold 3,214,000.00

Local Tax rate 0.005
Local tax 16,070.00

FMV of the land sold 3,214,000.00

Registration fee not exceeding PhP 1,700,000 8,976.00

Registration fee exceeding PhP 1,700,000 6,813.00
Total registration fee 15,789.00

Total 272,909.00

NOTE:
1 Darius Bonita (Seller) and Manila Water Company (Buyer) will execute sales agreement whereas
the seller will transfer land to buyer at a purchase price. The buyer will shoulder taxes arising from sale
(i.e., CGT, DST, local transfer tax and registration fee)

2 Sale of Real Property is subject to 6% CGT based on selling price or FMV whichever is higher

3 Sec 196 of NIRC provides that DST rate on sale and conveyance of real property is PhP 15.00 for
every PhP 1,000.00 of consideration or value, or fractional part thereof

4 Local transfer is imposed on the sale, barter, or any other mode of transferring of ownership or title of rea
at the maximum rate of 50% of 1% (75% of 1% in the case of cities and municipalities within Metro Manil
of a property's worth.

5 Registration fee of PhP 8,796 for selling price not exceeding PhP 1,700,000
PhP 90 for every PhP 20,000 or fraction thereof
https://www.foreclosurephilippines.com/how-to-compute-registration-fees/

Take note that a CAR and TCL, once issued, should be presented to the Register of Deeds within two (2) ye
otherwise it shall be deemed to have no effect and you will need to request for the issuance of a new CAR
Revenue Memorandum Order (RMO) No. 23-2010
 Note
1

eement whereas
taxes arising from sale

ver is higher

is PhP 15.00 for

of ownership or title of real property,

alities within Metro Manila)
of Deeds within two (2) years from issuance
the issuance of a new CAR, following the requirements of
Seller: Darius Bonita
Buyer: Manila Water Company, Inc.
Object: Land (Located: Pakil Laguna)

Not considered as Principal residence of

Terms: Buyer shoulders tax arising from

 Darius Bonita
Manila Water Company, Inc.
Land (Located: Pakil Laguna)

dered as Principal residence of buyer, since her address is at Jala-Jala, Rizal

Buyer shoulders tax arising from sale (i.e., CGT, DST, transfer fee(local), registration fee)