The property transfer tax is established at the National level and it is imposed on any transfer of real property. The tax is 1.5% of the sales price of the property indicated in the transfer deed.
When a property transfer deed is presented for registration in the National Registry they will access the 1.5% transfer tax which must be paid or the deed will not be recorded. This tax is triggered whenever you transfer a property from one party to another party regardless if it is from an individual to a corporation or a corporation to another corporation.
