1.How much would be the tax deficiencies if i have to pay it today? Can you pls specify the penalty rate and surcharge(s).
2. Can i demand the previous seller to pay for it? If she would not agree to to pay the tax deficiency, what legal action
can i take to compel the owner/seller to settle for the tax def.?
3. If i can not produce the deed of Absolute sale today because it was misplaced/lost when we transfer to a new house last year, what would be the basis of the BIR for the computation of the deficiency tax? Is it the zonal value or the market value of the property at the time of sale whichever is higher?
4. Can the BIR waive the penalties and surcharges, so i just have to pay the regular Capital gains tax and the Doc stamps?
Thanks and God Bless!