need opinions re inheritance

sprinter24 · 1 need opinions re inheritance Sat Nov 02, 2013 1:20 am

sprinter24

Arresto Menor

Posts : 1
Join date : 02/11/2013

need your opinions sir/madam

ived inherited a house and lot from san diego, ca.
the house is on sale and considered sold
definetly we'll pay the estate tax and other taxes sa san diego, ca. usa
money that is left from the house sale and taxes will be send to the philippines

now the question is, do i still have to pay inheritance tax here in the philippines?
or wala na ako dapat pa bayaran since the property or the sale is not located in the philippines

AWV · 2 Re: need opinions re inheritance Sat Nov 02, 2013 2:21 pm

AWV

Reclusion Perpetua

Posts : 1782
Join date : 04/06/2012

You don't pay any inheritance tax on properties that are sold abroad!

tatan1712 · 3 Re: need opinions re inheritance Sun Nov 03, 2013 8:34 pm

tatan1712

Arresto Mayor

Posts : 69
Join date : 20/08/2011

Re: Estate Tax

The following are subject to estate tax

For resident alien decedents/citizens:
a) Real or immovable property, wherever located

b) Tangible personal property, wherever located

c) Intangible personal property, wherever located

For non-resident decedent/non-citizens:
a) Real or immovable property located in the Philippines

b) Tangible personal property located in the Philippines

Re: Income Tax

If you are resident citizen of the Philippines you are income within and withhout the Philippines is taxable.

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need opinions re inheritance

1 need opinions re inheritance Sat Nov 02, 2013 1:20 am

sprinter24

2 Re: need opinions re inheritance Sat Nov 02, 2013 2:21 pm

AWV

3 Re: need opinions re inheritance Sun Nov 03, 2013 8:34 pm

tatan1712

4 Re: need opinions re inheritance

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