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Showing posts from July, 2022

Deed of Sale, Registration Process

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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
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How to Transfer Shares of Stock to the Heirs

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Good morning!❤️ Our topic for today is about transfer of shares of stock to the heirs.  Two weeks ago I was at the BIR presenting for computation of Estate Tax Return an Extra Judicial Settlement of Estate. The BIR examiner noted some shares of stock were included in the document. Our intention was for those shares to be transferred to the heirs just like the real estate properties. For these, BIR examiner advised that we get a certificate from the Philippines Stock Exchage (PSE) that would show the price of the stock as of the date of death of the DECEDENT. That would be presented to the BIR together with the stock certificate. We called up PSE helpdesk and was advised to email PSE for our concern, then from there PSE will act on our request. PSE helpdesk no: 8876 4888 PSE email:  info@pse.com.ph Once the BIR eCAR will be released and publication of the Extra Judicial Settlement of Estate will be done, that's the time we could request transfer of the shares of stock to the heirs
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