Gain Tax and Documentary Stamp

 I am so dumb!

I assume this house years ago and since I don't have work at that time I assumed the house, I and the previous owner of the house,  made an agreement that I will be paying him directly with Deed of Sale and Special Power Attorney, it was legal however Pag Ibig won't honor the papers for me to change the name. I have to process their papers for me to get approval and such. 

So just recently I decided to get through the papers they need me to comply with. Everything went on smoothly except the last part. The Gain Tax and Documentary Stamp. 

I paid for the Declaration of Tax for about almost P 50,000 last December. I was so excited to submit all the papers I have from Pag Ibig in BIR but when they computed my Gain Tax and the Documentary Stamp, it reaches almost P 120,000. I was very surprised! 

I asked them why it reaches to that amount, they said it's the zonal value, the property in this subdivision is too high and that affects the zonal value. 

I don't have that certain amount, I really thought it was only about P37,000 but I was wrong. Now I have to save more money to pay for it. I hope I can pay it the right time. I am really hoping. God help me!

Comments

Post a Comment

Popular posts from this blog

I Got A New Job

 I just landed a job. This is not the usual job I used to have. I am totally new to this. I got so excited at first because it is new but as the training goes by. I find it very difficult. Our assessment will be next week and that's tomorrow Monday and I don't know if I can pass. I will just lift it to my Fate whatever it is, I will just have to take it but I hope I will pass. 
Read more

I Think I Will Be Resigning Soon

I think I will be resigning soon but I am applying for a new company. I actually in my final interview soon, they told me to keep my line open. I am still trying to apply for a home base jobs but I am still not hired. I guess I am not with home base job but I am not stopping. I just hope that I can find one soon.  Why would I resign from my current company? It is because everything is toxic. It is already given that the account itself is already toxic but the people around? I guess that's too much already, I could not take it anymore that whenever I am about to get inside the office. It feels like there's a T-Rex waiting for me inside and that I have to run before it catches me. It is not inspiring me at all not only me but all of us. It is indeed true that most of the times; it is not the job itself would make us give up but the management itself.  I hope I will be hired soon and I hope my health condition would progress. How I wish to stop working but I can't a
Read more

I Know Nothing Anymore

Image
It is my off tomorrow. Thank GOD! So after I recorded all my expenses for today. I checked my one and only blog that has not been updated for a very long time already. Well, blame it on my laziness and demotivation. If not for my work recently, I don't remember that this blog exists anymore and somehow I kind of miss it.    Photo not mine So, I tweaked things here and there, but unfortunately, I don't know anything anymore. I don't know how to add things to my blog at all. I guess, I have to make an extra effort to remember how to do things and add some things here. But for now, I am sorry guys but this is just a little update on what's going on around. I might create another blog but with a niche this time, maybe. 
Read more