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    Date: 2023-09-23 18:06:37.595023

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    Date: 2023-09-27 15:19:18.697778

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Inquiry on CGT and DST for Preselling Condos

Requested from BIR by A. Versoza at 06:06 PM on Sep 23, 2023.
Purpose: Property Acquisition Guidance
Date of Coverage: 08/15/2023 - 09/23/2023
Tracking no: #BIR-182445203131

Versoza 06:06 PM, Sep 23, 2023 

Hi BIR,

I'm seeking clear guidance on CGT and DST for preselling condo property transfers. The current guidelines are unclear and inconsistent.

Key Questions:

1. Are preselling condo transfers subject to CGT and DST?

2. Are there exemptions?

3. Why do some DMCI Condo Pasalo transactions qualify for exemptions? What makes it exempted?

I've already checked your website but found no conclusive answers. I'd appreciate a direct and comprehensive response.

Regard,
Jadd


September 27, 2023

Dear Mr. Verzosa:

Greetings!

Thank you for your request dated Sep 23, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your request

You asked for Inquiry on CGT and DST for Preselling Condos.

Response to your request

In reply, please be informed that Initial assessment of your query tells us that this is an actual case. If so, please make your representations with the BIR Legal and Legislative Division (LLD) since this has tax consequences. The BIR LLD will issue a Memorandum to clarify certain policies and specific guidelines related to the grant of Tax Exemption.

Write or visit them at the Room 709 7th floor, National Office Building, Agham Road, Diliman Quezon City or call them at (02) 8926-55-36 and (02) 8927-0963 and (02) 8981-locals: 7326/7327/7328 and 7329 for your proper guidance and information. 

Thank you.

FOI Receiving Officer
Public Information and Education Division

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