Typical Transaction Costs

Typical Transaction Costs – Purchases from Individuals

* Capital gains tax – 6% of actual sale price. This is usually paid by the seller but in some cases the buyer is obligated to shoulder it. For business properties or titles owned by corporation, however, the percentage goes to 7.5%

* Document stamp tax – 1.5% of the actual sale price. Usually paid by the seller but in some cases the buyer is asked to pay for it.

* Transfer tax – 0.5% of the actual sale price.

* Registration fee – 0.25% of the actual sale price.

Typical Transaction Costs – Purchases from Developers

* Capital gains tax – 10% of actual sale price. This value might be expressed as part of the sale price.

* Document stamp tax – 1.5% of the actual sale price.

* Transfer tax – 0.5% of the actual sale price.

* Registration fee – 0.25% of the actual sale price.

The Energizing Bicol Express

Ingredients:

½ kilo green elongated chilies (julienned)

200 grams shrimp paste (unsalted)

4 cloves garlic (minced)

1 whole onion (chopped)

¼ kilo pork (cut into tiny pieces)

¼ kilo tomatoes (chopped)

4 tbs. vegetable oil

1 cup coconut milk, extracted from 3 coconut fruit
If using an instant coco powder which is available in many Asian stores, 1 medium sachet dissolved in 1 cup of water is enough

bicol express

In a pan or a wok, sauté garlic, onion, and tomatoes in oil. When onion is slightly cooked, add pork. Fry the mixture for 2 minutes until pork turned a little brown, and then add ½ cup of water. Boil until water is almost gone and pork is completely cooked. Then add shrimp paste. After three minutes, add in chilies. Without overcooking the chili, or in a minute, pour in the coconut milk. Simmer until mixture is dry.
Season with salt and pepper and serve hot or cold with rice. This dish is best eaten with fried fish or fried meat.