Tag Archives: Real Estate Taxes

BIR to expedite tax exemptions for socialized-housing land transfers

BusinessWorld Online
November 04, 2016

CERTIFICATES of Tax Exemption (CTEs) covering the transfer of land intended for use in government socialized housing projects will be prioritized by the Bureau of Internal Revenue (BIR), under an agreement signed with housing regulators.

The memorandum of agreement (MoA) was signed by the bureau, the Housing and Urban Development Coordinating Council (HUDCC) and the National Housing Authority (NHA).

BIR Commissioner Caesar R. Dulay, Vice-President and HUDCC Chairperson Maria Leonor G. Robredo and NHA Acting General Manager Marcelino P. Escalada, Jr., signed the MoA on the availment of tax incentives for government socialized housing projects, the BIR said in a statement e-mailed to reporters.

The MoA is pursuant to Republic Act (RA) No. 7279, or the “Urban Development and Housing Act of 1992,” which mandates that the NHA be exempted from the payment of fees and charges of any kind, including income and real estate taxes.… Continue Reading ...

Turks, Koreans eye Iligan power plant

BusinessWorld Online
May 18, 2011

CAGAYAN DE ORO CITY — Turkish and Korean investors have expressed interest in acquiring the 114-megawatt Iligan Diesel Power Plant 1 & 2 in Dalipuga, Iligan City. Some members of the 30-man Turkish mission that visited this city last week expressed interest in the plant now owned by the city government of Iligan.

The 7.9-hectare power complex was acquired by Iligan City under a compromise agreement with the Power Sector Assets and Liabilities Management Corp. following its failure to settle real estate taxes with the local government.

Earlier, the Energy Developer Co. Ltd. of Seoul, South Korea, a company involved in renewable energy generation, contracted Cagayan de Oro-based MERGS Technologies, Inc. to conduct due diligence and feasibility study on the plant following a visit to Iligan Mayor Lawrence Ll.… Continue Reading ...

14 Quick Tips To Sell Your Home Fast

Are you planning to sell your house? or you want to move to a new house and dispose of your old one?

Do include these some reminders when planning selling your home. It is still the selling price which is the main consideration, the physical attributes of the house, the beauty, design, coziness, etc. Here are several useful tips to make it more attractive to prospective buyers:

Ask yourself  if you are the buyer of the house, what motivates you to buy the property? There are several  useful  tips in order to sell your home or property quickly and at the best price.

Sell your home quickly at the best price

1.  Make a survey of the market prices of the houses along you  locality and make a reasonable price range.… Continue Reading ...