Thanks po
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attyLLL wrote:that's not enough, you need to pay donor's taxes and have the title transferred to you. who has the owner's duplicate?
attyLLL wrote:almond, do you have other siblings?
attyLLL wrote:Gcharlene, I am not saying that the donation has no effect, but to protect yourself, you should have the property transferred to you. bite the bullet and pay the donor's taxes now.
what cousins are these, children of the aunt who donated to you?
attyLLL wrote:almond, so to whom will the property be donated to? actually, when your father died, his half of the property was inherited by the children and mother in equal shares, but his estate has to be settled and taxes paid so that it can be transferred.
if you have a deed of donation now signed by your mom, and you try to have it transferred when she dies, you will be made liable for numerous penalties for late registration.
attyLLL wrote:then you will just inherit as the law requires. estate taxes may be lower because there is a deduction of P1M.
taxconsultantdavao wrote:
may i know your legal basis for that publication requirement before the BIR recognizes a deed of donation as validly made?
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