Newsletters

Philippine Real Estate News – June 2017

here's an article from manilatimes.net correspondent, Jomar Canlas : Appeals court rules vs Rufinos, Prietos in ‘Mile Long’ case THE Court of Appeals has ruled in favor of the government in its bid to recover the prime “Mile Long” properties in Makati City from the wealthy Rufino and Prieto families. President Rodrigo Duterte has accused the Rufino and Prieto families, which...

REPUBLIC ACT 10913 or the ANTI-DISTRACTED DRIVING ACT

REPUBLIC ACT 10913 or the ANTI-DISTRACTED DRIVING ACT - 11 Things You Need To Know 1. What is RA 10913 or the Anti-Distracted Driving Act? RA 10913 or the Anti-Distracted Driving Act is a new law that prohibits motorists from using communication devices and other electronic entertainment and computing gadgets while vehicles are in motion or temporarily stopped on a traffic light or an...

The Importance of TIN # and Certificate Authorizing Registation

CASE STUDY : OUR tax laws provide that before documents transferring real properties are registered, it is first required that the Bureau of Internal Revenue (BIR), through its commissioner or duly authorized representatives, has certified that such transfers have been reported, and the corresponding taxes thereon have already been paid. To comply with this, the BIR issues Certificates...

BIR told to refund Php 63.25 M to Belle

Here's an article from Philippine Star correspondent, Elizabeth Marcelo re a controversial issue regarding a Bureau of Internal Revenue regulation.  Take note of the last paragraph on the definition of Capital Gains Tax, it has been sometime since we have been questioning this ruling as the tax imposed on the sale of a property doesn't necessarily mean a gain on the sale of a Capital Asset.  I've...

Foreign News on Philippine Real Estate and Economy – May 2017

hello everyone, here's some interesting articles from widely read online portals known for their well chosen issues regarding current and the future of finance, management, information technology and real estate that's worth reading.  most articles will inform everyone of current trends experienced by top companies / individuals, be it a success and failure and also help us make better decision...

BIR – REVENUE MEMORANDUM CIRCULAR NO. 35 – 2017

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE 27 April 2017 SUBJECT :  REVENUE MEMORANDUM CIRCULAR NO. 35 - 2017 Clarification on the lmposition of Capital Gains Tax on Sale, Exchange or other Disposition of Real Properties TO :  All lnternal Revenue Officials and Employees and Other Concerned This Circular is being issued to clarify the imposition of Capital...

Senate Bill No. 1454 – Agricultural Free Patent Act of 2017

Here's an article from Manila Bulletin's correspondent, Mr. Mario Casayuran re the recent approval of Senate Bill No. 1454, “Agricultural Free Patent Reform Act of 2017,’’.  Hopefully this will address the issue of our farmers who have been denied credit thus holding back the possible growth or expansion of the Agricultural sector and making importation a more feasible option for most companies...

Philippine Real Estate News – June 2017

hello everyone, Here’s some select articles about Philippine Real Estate and our Economy from various newspaper correspondents that matters for your reference.  Take note that these articles when assessed actually guides us locally on what direction the economy is heading, what kind of issues our government is going through and generally, and how this affects our daily businesses and and...

Residential Property Market Values – May 2017

Here's an updated summary of current market values of several residential properties for everyone's reference.   This is for everyone to be aware of so as not to be misled into unrealistic figures given by practitioners.  My company and some associates of mine still get inquiries from Buyers looking to buy at prices at 2014-2015 prices.  The market has definitely appreciated from that time. The...

“Most Beautiful’ Skyscraper in Philippine Set”

here's an interesting article from business.inquirer.net correspondent from Doris Dumlao Abadilla on an upcoming development on the last parcel of land along the posh area Apartment Ridge area as two taipans form a joint venture and tap world-renowned Architect to build iconic project in Makati City. "Most Beautiful’ Skyscraper in Philippine Set" Property giants SM Prime Holdings and Federal...

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