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Tips for Performing Due Diligence on Tax Declarations when Buying Real Estate in the Philippines:

Posted on Sat, Oct 26, 2024 2:47 PM by DR. SAMUEL O. LAO, REB, MM-REM in Tips and Advice

Tips for Performing Due Diligence on Tax Declarations when Buying Real Estate in the Philippines: --- 1. Obtain a Copy of the Latest Tax Declaration The Tax Declaration is an official document issued by the local assessor’s office that provides details on the property’s assessed value for tax purposes. This document is essential for verifying the property’s value, owners...

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"Essential Due Diligence Tips for Verifying Title and Tax Declaration Alignment in Philippine Real Estate"

Posted on Sat, Oct 26, 2024 2:43 PM by DR. SAMUEL O. LAO, REB, MM-REM in Tips and Advice

"Essential Due Diligence Tips for Verifying Title and Tax Declaration Alignment in Philippine Real Estate" Here are enhanced tips for performing due diligence to make sure the title and tax declaration information are consistent: --- 1. Verify Registered Owner Information Confirm that the name of the registered owner on the title and tax declaration match precisely. Check...

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The Importance of Verifying the BIR TIN of Property Sellers for VAT Consideration

Posted on Sun, Nov 5, 2023 8:37 AM by DR. SAMUEL O. LAO, REB, MM-REM in Tips and Advice

The Importance of Verifying the BIR TIN of Property Sellers for VAT Consideration In the world of real estate transactions, there are various taxes and expenses that both buyers and sellers need to be aware of. One of the crucial factors that can significantly impact the financial aspect of a property sale is the Value Added Tax (VAT), which is set at 12% in the Philippines. To avoid unexpected...

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The Importance of Visiting the Local Assessor's Office in Property Due Diligence

Posted on Tue, Oct 31, 2023 4:10 PM by DR. SAMUEL O. LAO, REB, MM-REM in Tips and Advice

  Title: The Importance of Visiting the Local Assessor's Office in Property Due Diligence   When considering the purchase of a property, conducting due diligence is essential to ensure a smooth and secure transaction. One crucial aspect of this process is visiting the Local Assessor's Office. In this article, we will explore why a visit to this office is crucial and what...

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How to make sure their inheritance is inherited

Posted on Sun, Oct 22, 2023 7:11 AM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

How to make sure their inheritance is inherited By: Philis Theresa Cruz During our lifetime, we accumulate properties—personal or real—that we want to pass on to our heirs. But we also hope that relationships are not ruined by inheritance disputes and we want to ease the burden of additional and excess fees. So, how do we secure our heirs’ inheritance? Before anythi...

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What are taxes involved in selling real estate property in the Philippines?

Posted on Tue, Mar 14, 2023 9:58 PM by DR. SAMUEL O. LAO, REB, MM-REM in Tips and Advice

What are taxes involved in selling real estate property in the Philippines?     Selling a real estate property in the Philippines can be a complex process, especially when it comes to understanding the tax implications. As a seller, it is important to be aware of the different taxes involved in the transaction to avoid any potential legal and financial issues. In this blog, we w...

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