TIME TO INVEST NOW!
Dear clients and friends,
🎉HEADS UP! URGENT! IMPORTANT!🛑
Due to the proposed Tax Reform under Senate Bill No. 1592 known as “Tax Reform Acceleration and Inclusion (TRAIN),” the following possible effects may be implemented:
1. Increase in Capital Gain Tax (applicable on Transfers of Property) from 6% to 20%.
2. Change in Value Added Tax selling from 1.9M (lot) and 3.1M (house and lot)will be down to vatable selling price at 2M for lot, house and lot, and condominium.
3. All units worth 2M and up are automatically subjected to Value Added Tax.
Effectivity Date: January 1, 2018
P.S: For our clients who had purchased their units at non vat price and as of this time it’s List Price is still not subjected to VAT, CONGRATULATIONS!! For automatically we have an increase of 12% due to the tax reform bill starting the said date mentioned above. 😊 Invest before Jan.1 then! 😊
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