attyLLL wrote:by the book, donations are totalled for the year so even if there are several donations, the sum total will be considered. or you can donate them on different years.
Assuming all 4 properties are worth P2.1 Million (per Zonal Valuation], how much will the Donor's Tax be and how will it be computed? Are there any other related fees/charges/expenses that we will be required to pay aside from the Donor's tax (I.e. doc stamps, registration fee, lawyer's prof. fee, etc.), and how would they be computed?
In comparison, how much would the transfer via deed of sale cost us? I read kasi in another post in this forum that the total cost of the Capital Gains Tax (excluding the lawyer's prof. fee I assume, and "out-of-pocket" expenses) will amount to 8.25% of the property's value.
attyLLL wrote:who is the donee? if it's you, do you have any cousins who may become jealous about this?
Is is possible for the donation to be made out to several persons? Kasi one of my titas wants a process whereby they have some sort of a safeguard if ever the transfer is made to only one person.
attyLLL wrote:if you are not paying
for them, then a deed of sale would be a falsified public document. of course it's up to you to weigh that risk.
Do you mean to say that transferring the properties to one (or all) of us via deed of sale (then selling the properties and dividing up the proceeds among ourselves) is not legal, if one of the "heirs" is not given his share in the proceeds? Kasi my lola doesn't want one of my titos to be included anymore because she already gave him a property a few years ago when he started a business.