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    Steps of Transferring of Title

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    angelicarrot
    This document outlines the steps needed to properly register the title of a property in your name after purchase. It details 3 main steps: 1) Get a Certificate Authorizing Registration by presenting documents to the Bureau of Internal Revenue and paying taxes; 2) Request a new title by presenting documents to the Registry of Deeds and paying fees; 3) Pay taxes by presenting the new title to the Assessor's Office and securing a new Tax Declaration. The process involves presenting documentation and paying various taxes and fees to different government offices to legally transfer the title into the new owner's name.

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    Steps of Transferring of Title

    Uploaded by

    angelicarrot
    22 views2 pages
    This document outlines the steps needed to properly register the title of a property in your name after purchase. It details 3 main steps: 1) Get a Certificate Authorizing Registration by presenting documents to the Bureau of Internal Revenue and paying taxes; 2) Request a new title by presenting documents to the Registry of Deeds and paying fees; 3) Pay taxes by presenting the new title to the Assessor's Office and securing a new Tax Declaration. The process involves presenting documentation and paying various taxes and fees to different government offices to legally transfer the title into the new owner's name.

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    This document outlines the steps needed to properly register the title of a property in your name after purchase. It details 3 main steps: 1) Get a Certificate Authorizing Registration by presenting documents to the Bureau of Internal Revenue and paying taxes; 2) Request a new title by presenting documents to the Registry of Deeds and paying fees; 3) Pay taxes by presenting the new title to the Assessor's Office and securing a new Tax Declaration. The process involves presenting documentation and paying various taxes and fees to different government offices to legally transfer the title into the new owner's name.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    22 views2 pages

    Steps of Transferring of Title

    Uploaded by

    angelicarrot
    This document outlines the steps needed to properly register the title of a property in your name after purchase. It details 3 main steps: 1) Get a Certificate Authorizing Registration by presenting documents to the Bureau of Internal Revenue and paying taxes; 2) Request a new title by presenting documents to the Registry of Deeds and paying fees; 3) Pay taxes by presenting the new title to the Assessor's Office and securing a new Tax Declaration. The process involves presenting documentation and paying various taxes and fees to different government offices to legally transfer the title into the new owner's name.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 2

    In any case, we have outlined below the series of step you need to take to be able to properly

    register the Title of the property and have it in your name.


    (See also : Citizenship, Land Ownership and Pag-IBIG Fund Membership )

    STEP 1: Get A Certificate Authorizing Registration


    1. Go to the office of the Bureau of Internal Revenue (BIR)
    2. Once you are at the BIR, present the Deed of Absolute Sale (DOAS), and Loan and
    Mortgage Agreement (LMA)
    3. Request for the computation of the Documentary Stamps and Capital Gains Tax.
    4. Then proceed to the designated bank and pay for the Documentary Stamps and the
    Capital Gains Tax. (Usually this is the Land Bank of the Philippines.)
    5. Go back to the office of the BIR and your Bank Receipt
    6. Finally, request for the issuance of Certificate Authorizing Registration (CAR)

    STEP 2: Request Issuance of New Title


    1. Proceed to the Registry of Deeds and present the following documents: DOAS, CAR and
    LMA.
    2. Pay transfer tax and registration fees
    3. Request for the following:
    o Issuance of new Title under buyers name with proper annotation
    o Certified true copy of new title (owners copy)
    o Certified true copy of new title (RDs copy)
    o DOAS stamped received, LMA stamped received

    STEP 3: Pay Tax Declaration


    1. Proceed to the Assessors Office
    2. Present the new Title with your name

    3. Pay for the issuance of the new Tax Declaration under the buyers name
    4. Secure a copy of the new Tax Declaration
    Take note that the steps just presented are just a part of whole Housing Loan Application Process
    probably up to the loan approval stage but prior to the release of the loan proceeds. After you
    are done with Step 3 above, which is the most critical and time-consuming of them all, you have
    to go back to the Pag-IBIG Fund office or branch that approved your loan application. Present all
    the necessary documents required for the release of the loan proceeds.
    ~~~
    This article on Title Registration is written by Carlos Velasco.
    - See more at: http://www.pagibigfinancing.com/articles/2012/land-title-how-to-register-andtransfer-it-in-your-name-as-the-real-estate-buyer/#sthash.bW355J62.dpuf

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