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Subject and
scope: |
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For transactions involving purchases
and sales, acceptance of pledge,
exchange, bestowal or partition of
or on immovable property, or
acquisition of ownership thereof,
the deed tax shall be reported and
paid. However, if the land is
located in an area where land value
increment tax is assessed, the deed
tax shall be exempted.
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Taxpayer: |
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Deed tax on a purchase and sale: to
be reported and paid by the
purchaser. |
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Deed tax on the creation of a pledge
: to be reported and paid by the
pledgee. |
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Deed tax on an exchange: to be
reported and paid by each party to
the exchange on the portion
allocated to each party. |
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Deed tax on a bestowal or a
donation: to be reported and paid by
the donee. |
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Deed tax on a partition: to be
reported and paid by the partitioner. |
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Deed tax on an acquisition of
ownership: to be reported and paid
by the owner. |
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Main
applicable laws and regulations: |
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Deed Tax Act |
