CHECK LIST & WORK FLOW TO PROCESS AND SECURE/TRANSFER OF TITLE (TCT/CCT) TO OTHER PARTY
- DOCUMENT TO BE GATHERED:
- Transfer Certificate of Title(TCT) / Condominium Cert. of Title (CCT)
- Deed of Sale (DOAS)
- Certification of Management (if applicable)
- Filled-up T.I.N Application (BIR form 1904/1902)
- Official Receipt of Sale (OR)
- Contract to Sale (CTS)
- Tax Declaration (photocopy)
- Creditable Withholding Tax –CWT (if under abatement)
- Board’s Resolution/Sec’s Certificate (if applicable)
- Article of Incorporation (if applicable)
- AGENT SHALL PROCESS SAID DOCUMENTS TO THE FF: GOV’T OFFICES FOR ISSUANCE OF NEW TITLE UNDER BUYER’S NAME OR TO OTHER PARTY:
- MUNICIPAL / CITY HALL
- Assessor’s Office
- Get certified true copy of Tax Declaration
- Secure Certificate of No-Improvement (if applicable)
- Treasurer’s Office
- Get Assessment of Real Property
- Payment of Real Property Tax
- Secure Tax Clearance
- Payment of Transfer Taxes
- Payment of Business Tax (if applicable)
- REGISTRY OF DEEDS
- Secure Certified True Copy of Title
- BUREAU OF INTERNAL REVENUE (BIR)
- For assessment of Creditable Withholding Tax (form 1606) and Documentary Stamp Taxes (form 2000): Then present the following:
- Duly accomplished BIR form 1606 & 2000
- TCT/CCT
- Certificate of management (if applicable)
- Duly accomplished T.I.N
- Deed of Absolute Sale (DOAS)
- Official Receipt of Sale
- Certified true copy of Tax Declaration
- Real Property Tax Receipts
- Tax Clearance
- Certificate of No Improvement (if applicable)
- Transfer Tax
- Business Tax (if applicable)
- Payment of assessed Creditable withholding Tax(CWT) and Doc Stamp Tax (DST) to the accredited Banks of the BIR
- Upon payment submit all the documents mentioned under paragraph A hereof together with the proof of payment of taxes/receipts
- Issuance of Certificate Authorizing Registration (CAR)
- REGISTRY OF DEEDS- for issuance of new Title under buyer’s name
- Payment of Registration Fees
- Submit all documents issued by the BIR and proof of Transfer tax payment.
- Issuance of NEW TITLE
- MUNICIPAL/CITY ASSESSOR’S OFFICE-for issuance of new Tax Declaration under buyer’s name:
- Submit photocopy of all documents submitted in the BIR and the new TCT/CCT
- Issuance of new Tax Declaration under buyer’s name.
- PAYMENT AND EXPENSES
- Owner/Buyer will pay all expenses incurred during the processing:
- Payment for Affidavit of Lost (if any), Notary, Xerox copies, certified true copy fees, transportation allowance of the agent, and any minor expenses related to the documents being processed.
- Agent/Processor’s service Fee
Per Title without delinquent - Php 10,000
Per Title with several dilemma - Php 15,000
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Service Fee |
| Per Title W/O delinquent - Php 10,000 |
| Per Title W/ delinquent - Php 15,000 |
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