Posts

Showing posts from November, 2021

Deed of Sale, Registration Process

-
Image
Seller sells and Buyer buys according to the terms and conditions they agreed upon‼️ This is the whole process NOTES: Buyer and Seller should provide government IDs A SPECIAL POWER OF ATTORNEY is needed if one or the parties to the transaction are not available to sign the documents personally. *********************************************       THE PROCESS and... Private/Government agencies to work to: 1. Notary Public-  Preparation and notarization of the Deed of Sale, after both parties have signed. 2. Registry of Deeds-  Get certified copy of the title of the property subject of sale. 3. Assessors Office-   Get certified copy of tax declaration for the lot and the improvement, if any. Get certificate of no improvement if there's no building or any improvement on the lot. 4. Treasurer's Office- in the municipality or city where the land is located-  Get tax clearance for the land and improvement, if any. 5. Bureau of Internal Revenue (BIR)-  All the documents you gathered fr
Post a Comment
Read more

UNDER TRAIN-EXTRA JUDICIAL SETTLEMENT OF ESTATE

-
  EXTRA JUDICIAL SETTLEMENT OF ESTATE under TRAIN law,  TRAIN (TAX REFORM FOR ACCELERATION and INCLUSION): Greetings! Another experience I would share with everyone was filing an estate tax for the estate of one who passed away under the TRAIN law, year 2018 onward.  These past months, I also worked on filing an estate tax for the estate of one who passed away under the TRAIN law, year 2018 onward. The death occurred year 2019, processing here would be under TRAIN LAW. This was no longer covered by the tax amnesty which is currently ongoing up to June 2023. Estate tax requirements  (please click link) REQUIREMENTS I SUBMITTED TO BIR: 1. PSA death certificate 2. TIN of decedent and heirs 3. Extra Judicial Settlement of Estate duly notarized 4. Certification of the Barangay Captain for the Claimed Family Home 5. Certified true copy of title 6. Certified true copy of tax declaration at the time of death of decedent 7. Certificate of no improvement 8. Birth certificate of children 9. Marr
Post a Comment
Read more