Owner-occupied Commercial Real Estate is typically determined by a combination of the percentage of occupancy > 50% and the percentage of rent paid by the borrower/guarantor/affiliate on the transaction being > 50%, subject to the regulatory definition. After listening to exactly what it is you want from the sale of your commercial property, your agent will carry out a detailed appraisal of your real estate, including the suggested method of sale and an estimate of the overall value of the property.
Initial payments” means payment or payments which the seller receives before or upon execution of the instrument of sale and payments which he expects or is scheduled to receive in cash or property (other than evidence of indebtedness of the purchaser) during the year when the sale or disposition of the real property was made.
Common carriers by land with respect to their gross receipts from the transport of passengers including operators of taxicabs, utility cars for rent or hire driven by the lessees (rent-a-car companies), and tourist buses used for the transport of passengers shall be subject to the percentage tax imposed under Sec.
Our five areas of focus – Regional Commercial Real Estate, Real Estate Investment Trust Banking, Institutional Real Estate, SunTrust Community Capital and the Residential Builder group – allow us to align our areas of expertise with the needs of our clients.
Installment sale of residential house and lot or other residential dwellings exceeding P1,000,000.00, where the instrument of sale (whether the instrument is nominated as a deed of absolute sale, deed of conditional sale or otherwise) was executed prior to July 1, 2005, shall be subject to 10% VAT.