Revenue Memorandum Circular (RMC) No. 42-2001 (Circularizing the Tax Incentives of Sellers of Real Properties in Existing Areas for Priority Development (APDs) Sites, and in other Areas that may be Identified by the Local Government Units as Suitable for Socialized Housing Projects under R.A. No. 7279, Otherwise Known as the "Urban Development and Housing Act of 1992" and the Valuation of the Subject Real Properties for National Internal Revenue Tax Purposes) Revenue Memorandum Circular (RMC) No. 35-2014 (Circularizing Relevant Portions of Housing and Urban Development Coordinating Council (HUDCC) Resolution No. 1, Series of 2013, Approving the Adjustment of the
Price Ceiling for Socialized Housing), adjusted the ceiling price for horizontal socialized housing from P400,000.00 per house and lot to P450,000.00. Revenue Memorandum Circular (RMC) No. 36-2011 (BIR Rulings on Socialized Housing under Republic Act No. 7279), clarifies that the price ceiling for the sale of socialized lots only shall not exceed forty percent (40%) of the maximum limit prescribed for the house and lot package.
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- Taxation in the United States, Social Housing Finance Corporation