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In most cases, the PCC tax is charged to the purchaser (recipient). Abolition of PCC for the first apartment By amending the Real Estate Management Act*, the % PCC tax is abolished for people buying their first apartment on the secondary market. When writing "apartment" we mean: ownership right to a residential premises constituting a separate property, ownership right to a single-family residential building, cooperative ownership right to the premises regarding a residential premises or a single-family house.

Exemption from PCC from the purchase of the first apartment applies to those who were not owners of other philippines photo editor apartments on the date of purchase and before that date, unless the ownership in the apartment they already own does not exceed % and it was acquired by inheritance. It should be noted that the abolition of the % PCC applies to the purchase of the first apartment on the secondary market , so if you are already the owner of another apartment, you will not be entitled to such PCC exemption.



This means that for the purchase of a second (and further) apartment, PCC must be paid at the current rate, i.e. % of the purchase amount, or more precisely, of the market value of the property. The exception is having at most % of the share in the apartment acquired through inheritance - in this case, the purchase of the apartment will also be exempt from % PCC tax, although it will be the second apartment.