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RMC No. 36-2014: Clarifies the price ceiling of socialized lot only pursuant to RR No. 11-97, RR No. 17-01 and Housing and Urban Development Coordination Council (HUDCC) Resolution No. 1, Series of 2013

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Summary

RMC No. 36-2014 clarifies the price ceiling for a socialized lot only under RR No. 11-97, RR No. 17-01 and HUDCC Resolution No. 1, Series of 2013.

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Key points

  1. House and lot. The P 450,000.00 price ceiling for socialized housing applies to a house and lot package.
  2. Lot only. If only a lot is sold, the price ceiling is P180,000.00 per lot.

Who is affected

  • Sellers of socialized housing and socialized lots

Deadlines and effectivity

  • Issued May 8, 2014

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances (1)

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CitesRR No. 17-2001

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.