Real Property Laws and Taxation

Tax paid to BIR on a sale of a condo unit used as residence by the owner is also considered a:

Despite deadline for land distribution in CARPER until 06/30/14, this Pres Order mandated all to continue distribution..

Process of changing the current physical use of a piece of agricultural land into some other use as approved by DAR

This is the Act promoting Ease of Doing Business and Efficient Delivery of Government Services

Which describes REIT Act of 2009 or RA 9856?

Award limit to farmer under PD 27 if land is not irrigated...

Beneficiaries of CARP are awarded land to a max of ___ hectares

Farmer's amortization under PD 6657 for payment of land

RA6552 ( Realty Installment Buyer Act or Maceda Law) covers sales on installments where buyer has paid 3 yrs installment

The Comprehensive Agrarian Reform Law (RA 6657) was signed on:

The highest price in terms of money which a property can command if exposed for sale in the open market is called:

As provided under RA 10023, method of acquiring land ownership by authorizing issuance of patents to Filipino citizens

Under PD 1216, the definition of open market housing is one in which the density is

What does the green color in the DAR logo represent?

Interest on unpaid real property task should not exceed:

The residential units covered by Rent Control are those with rent below ____ in NCR.

The ratio between saleable and non saleable area of an open- market subdivision as required under PD 957:

The law that made Pagibig membership mandatory

Lease of residential units with monthly rental below ____ is VAT Exempt.

What is the maximum number of units that is allowed for a rowhouse building?

Rent Control Act of 2009

When is the deadline of the availment of the estate tax amnesty?

Under RA 6552, in cases where less than 2years installments were paid, seller shall give the buyer a grace period of:

How many parking slots should be provided in a residential condo with 240 units that are all 22 sqm in size?

Which is false regarding the REIT Act:

This is the basic law that covers land registration, also known as the Property Registration Decree

Interest on delinquent real property tax per month

The law extending the period to avail the Estate Tax Amnesty Program is..

When can a delinquent taxpayer whose real property was sold on public auction redeem his property after sale?

Most superior lien on real property

RA 11201 is also known as...

Urban Development and Housing Act (UDHA) of 1992 is..

Lands acquired by CARP beneficiaries shall not be sold, transferred or conveyed for a period of ____

The lead implementing agency of CARP

Real property used in trade or business is classified as...

The law which governs companies who establish a Real Estate Investment Trust

Capital assets are charged CWT

The performance bond for developers must be at least___ percent of the remaining development cost

Under PD 1529 an adverse claim is effective for

Fishponds and Prawn Farms are exempted from the coverage of CARP

In PD 957 IRR, the maximum length of a subdivision block shall not exceed:

an Agrarian reform title, ie, indefeasible & imprescriptible under Torrens system, given to farmers of palay and corn

The appraisal, assessment, levy, and collection of RPT shall be guided by the ff principles, EXCEPT:

RA 6552 shall not apply to the following, except:

All of these laws are related to land reform, EXCEPT:

The minimum size of an agricultural subdivision is:

Two homes built on a single lot:

The Agrarian reform law that set the deadline for land distribution until June 30, 2014. Also referred to as CARPER.

Bank foreclosed a condo unit and after, it was consolidated in the name of bank, sold property. What will be the tax?

When land ceases to be economically feasible for agri purposes, DAR may authorize to reclassify after lapse of...

After full payment of the CGT, BIR shall issue to the owner the following document:

Percentage of fair market value at which the assessed value is set

Under R.A. 6657, 3 hectares may be awarded to the child of landowner provided he has the following qualifications EXCEPT

Commercial, Industrial, and Agricultural Lands all have the same assessment levels at 50%

Street lights in a subdivision must be spaced at a maximum distance not to exceed:

Under PD 957, what is the refund when the developer fails to complete the project within the period required?

RA 4726 states Condo corp may sell, exchange, lease or dispose of common areas owned or held by it with approval of..

Local Taxation is governed by RA 10963

This law regulates sale of condo and subd lots, providing penalties for violations.

Which of the following regarding R.A. 10023 is false?

This is the law defining open space in a residential subdivision

Additional ad valorem tax for idle land is at maximum rate of...

The Creditable Withholding Tax for the sale of a lot by a developer is also referred to as:

The CARPER primarily extended land distribution prgram of CARP by how many years?