Why this property?
Well, Its location is ideal. Convenient to the city amenities but buffered from its chaos. It has an amazing view of the city and invigorating light of the morning sunrise. It has access to potable spring water. It has another 500 sqm lot next to it
Lot Area is 500 SQM.
House floor area: 150 SQM
Price: 6.3 million pesos (Negotiable)
Title: clean title with updated realty tax
PROPERTY CODE( please use this when inquiring)
BSY01
Filed under: House and Lot | Leave a Comment
Tags: Amazing View, Busay, House and Lot, Spring water, Titled
Location, Location, Location right?
Bolabog Beach
Well, this property got the location raised to the 10th power.
It’s at the center of the Island in Bolabog Beach on the other side of the Beach. 10-minute walk to the Mall d’Boracay where lands are selling 30,000 per SQM.
You can buy this property at almost half of that price. It got close to 2 million worth of improvements ( 2 buildings with 18 rooms, panoramic balcony, three kitchen).
This has year-round income because this part of the the Island is pleasant during the low season. During the high season, this is ideal for those who wants to get away from the maddening crowd in the main beach and for those water sports vacationers (windsurfing, Kite Surfing)
The land area is 1,419 SQM. and like most properties in Boracay title is evidenced by tax declaration.
Selling Price is 24 million pesos (negotiable)
Filed under: Beach and Resort | Leave a Comment
Tags: bolabog beach location, boracay
Townhouse Gem in Talamban
This is a property with long list of advantages. You won’t lose whether you are considering of buying or renting it.
In a nutshell, it is a gem – rare and precious.
As an investment, it’s a good buy with capital “B”.
As residence it is a good value!
It’s close to Cebu International School. Church is 200 meters away. Got a dynamite view! of Sunny Hills subdivision.
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Tags: cebu, sale, talamban, view
LAND
Lot Area: 500 SQM
Price: 2.5 Million pesos (negotiable)
Location: Busay, Cebu
10 minutes to JY Square
LOT FEATURES: Access to potable spring water
Filed under: Raw Lands | Leave a Comment
Tags: Busay, cebu, lot, Spring water
Land area of this place is 2,9941 SQM
Floor Area: 520 SQM
With two Spring Water
PROPERTY CODE: BSY02
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Tags: Amazing View, Busay, House and Lot, Spring water
You are selling your principal residence, do you need to pay the 6% Capital Gains Tax?
It depends. If you don’t use your primary residence in trade or business and you will use the entire proceeds of the sale in buying a new home then you could be exempted in paying the Capital Gains tax.
You must fully use the proceeds in acquiring and constructing new principal residence within 18 calendar months from the date of sale or disposition. The BIR Commissioner should be duly notified, within thirty (30) days from the date of sale or disposition of the person’s intention to avail of the tax exemption. If there is no full utilization of the proceeds of sale. The portion of the gain presumed to have been realized from the sale will be subject to Capital Gains Tax.
The Buyer will withhold from the seller and deduct from the agreed selling price/consideration the 6% capital gains tax which shall be deposited in cash or manager’s check in interest-bearing account with an Authorized Agent Bank (AAB) under an Escrow Agreement between the concerned Revenue District Officer, the Seller and the AAB to the effect that the amount so deposited, including its interest yield, shall only be released to such Transferor upon certification by the said RDO that the proceeds of the sale thereof has, in fact, been utilized in the acquisition or construction of the Seller/Transferor’s new principal residence within eighteen (18) calendar months from date of the said sale. The date of sale of a property refers to the date of notarization of the document evidencing the transfer of said property.
Filed under: Legal Issues and Court Cases, Taxation | Leave a Comment
Tags: Capital Gains, Exemption, Seller's Taxes
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