What are the costs incurred when purchasing land in the Philippines to transfer property rights?

When purchasing land in the Philippines and transferring land property rights, the following expenses generally occur:

Seller:

* Unpaid Real Estate Taxes

* Capital Gains Tax (Capital Gains Tax): equivalent to 6% of the selling price of the sales contract.

Buyers:

* Registration Fee (Registration Fee): equivalent to 0.25% of the selling price

* Transfer Tax (Transfer Tax): equivalent to 0.5% of the selling price (in other provinces) or 0.75%(in Manila)

* Stamp Tax (Documentary Stamp Tax): equivalent to 1.5% of the selling price (this is paid by the buyer or seller according to the agreement. However, usually, it is borne by the buyer.)

* Miscellaneous expenses in the registration process.