Sunday, March 29, 2009

WHAT WE NEED TO KNOW ABOUT REAL ESTATE TAXATIONS

In any real estate investment or project, all the revenues and expenses were estimated and pre-determined at its very start or conception, serving as the basis for the acceptance or rejection of the proposed investment. The realization of the projected revenues and expenses can negatively be affected by unforeseen events. One of such is tax penalty and surcharge that can be brought about by neglect, ignorance or incapacity to pay on the part of the investor. Considering that there are frequent changes and issuances of new revenue regulations, like the new VAT Law, in addition to the renewed call for paying correct taxes on time, new and would be investors and even experienced ones should be knowledgeable and be updated on the changes in the taxation rules in order to pay the correct taxes at the right time, thus avoiding penalties.
In this regards, URBAN Institute of Real Estate will conduct a seminar on Real Estate Taxation on April 15, 1:30 to 6:00 PM at the Maximo Function Room, Max’s Restaurant, 2nd Level, Gateway Mall, Araneta Center, Cubao, Quezon City.
Other topics will be conducted at the same time and venue, which can be attended separately, as follows: April 1 – Legal Aspects of Sale, Mortgage and Lease; April 15 - Taxation of Real Estate Transactions; April 22 - Joint Ventures and Syndications for Real Estate Projects; April 29 - Real Estate Values: When, How & Why They Go Up or Down; May 4 – Real Estate Finance and Investment Analysis; May 6 – Mathematics of Real Estate Investments Made Easy; May 13 - Property Valuation: How To Do It Yourself; May 20 – What to Know and Techniques of Installment Sales; May 27 – The How to’s of Property Development.
This Lecture Series is accredited by DTI for CEP compliance and will have as lecturer Engr. Enrico Cruz, who has more than 40 years in real estate, engineering, construction, management and education. Cruz is also a licensed real estate consultant and 1st and 8th placer in the real estate appraiser’s and broker’s board examinations respectively, and was invested as a “Real Estate Fellow” by the Philippine Council of Real Estate Educators.
For other details or advance registration, Urban Institute may be reached at 948-8191 or 796-8019, or Globe CP# 0916-426-9174 or Smart CP No. 0921-683-9431 or by email at urbanet@pacific.net.ph or urbanet.ph@gmail.com. Details may also be viewed at http://www.urban-institute.blogspot.com/.

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