In common practice, real estate transactions are gross sales. Tax liability and exposure is split accordingly between the buyer and the seller.

Also, the percentage of a certain tax to be levied differs from city to city, so it would be best to consult with your broker and your local revenue district office for an estimate.

Buyer's account
- Bureau of Internal Revenue
  - Documentary stamp tax
- Treasurer’s Office
  - Transfer tax
- Registry of Deeds
  - Registration expenses
Seller's account
- Bureau of Internal Revenue
  - Capital gains tax
  - Creditable withholding tax
  - Value-added tax
  - Ad valorem/idle land tax
  - Corporate income tax
- Treasurer’s Office
  - Business tax
- Broker/s
  - Professional fee/commission