HomeI have a property in my name only but was intended for all of us four siblings. We agreed to sell it .Will I be subject to donor's tax if I give them their share? What should I do? Thanks for your advice.
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distribution of proceeds of sale of property subject to donor's tax?
2 posters
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1 distribution of proceeds of sale of property subject to donor's tax? Mon Jun 11, 2018 10:24 am
orkidia
Arresto Menor
2 Re: distribution of proceeds of sale of property subject to donor's tax? Thu Jun 14, 2018 11:10 am
attyLLL
moderator
If the BIR found out and if you really want to be strict about, yes, it is possible for you to be charged donor's tax and then it would be up to you to prove you were merely holding the property in trust for all the heirs.
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