1 Land Title on Wed Sep 08, 2010 10:09 am
2 Re: Land Title on Wed Sep 08, 2010 7:57 pm
you will then have to pay capital gains, doc stamp and transfer taxes of around 8.5% of half the value of the property and get a Certificate Authorizing Registration from the BIR before it can be transferred fully to your sister.
i only recommend this because there appears to be no one who will be defrauded. the proper way was to have the title named only to your sister but a mortgage annotated on the title, but they took the short cut and now have to pay more.
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