Taxes and fees incurred in a real estate transaction.
For the account of the Seller:
- Capital Gains Tax – 6% of Selling Price or Zonal Value or Fair Market Value whichever is higher
For the account of the Buyer:
- Documentary Stamp Tax – 1.5% of Selling Price or Zonal Value whichever is higher
- Transfer Tax – rate depends on location of property (ranging from 0.25% to 0.75% of Selling Price or Zonal Value whichever is higher)
- Registration Fee – graduated rate based on Selling Price
- Realty Taxes -
Note: Government may impose other taxes and fees that are not mentioned above.