Land Acquisition: Modes Of Payment
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Land Acquisition Modes of payment 1. 2. 3. 4.
Cash Government financial instruments (GFI) Shares Tax Credits
• 5% cash credit
Land Acquisition Process 15 days - Respond to DAR
Receives the payment -owns the land
LPB hands payment
Issue Transfer Certificate of Land Title (TCT)
Transaction is done after 15 days
* If the landowner rejects DAR will perform SAP
• Physical transfer of landownership • Only agricultural lands are owned by CARP
Land Transfer
Section 23 R.A. No.6657 • Only 3 hectares are allowed • Certificate of Land Ownership Awards (CLOAs) • Beneficiaries = 6% a year
Cash Government financial instruments (GFI) Shares Tax Credits
• 5% cash credit
Land Acquisition Process 15 days - Respond to DAR
Receives the payment -owns the land
LPB hands payment
Issue Transfer Certificate of Land Title (TCT)
Transaction is done after 15 days
* If the landowner rejects DAR will perform SAP
• Physical transfer of landownership • Only agricultural lands are owned by CARP
Land Transfer
Section 23 R.A. No.6657 • Only 3 hectares are allowed • Certificate of Land Ownership Awards (CLOAs) • Beneficiaries = 6% a year
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