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San po ba mas makakamura? Deed of Donation or Deed of Sale?

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manila0724


Arresto Menor
Hi Atty, meron pong lupa na naiwan sa aming 3 magkakapatid ang aming ama na namatay na.. subalit yung titulo po ay nakapangalan pa sa kanyang nanay na aking lola at kasalukuyang buhay pa.. nais na po naming ipalipat sa pangalan naming mag kakapatid ang titulo paano po ba ang proseso na hindi kalakihan ang babayaran? at ano po ba ang dapat? Deed of sale or Deed of donation? kung sakaling mamatay ang aking lola... may karapatan pa din po ba kaming mag kakapatid sa lupa o mapupunta na ang lupa sa mga anak nia na buhay pa, nais ko lang ipaalam na ang 2 anak ng aking lola na buhay pa ay napamanahan na ng parehas na mana na minana ng aking ama, ngunit sa kasawiang palad na namatay ang aking ama kung kaya't hindi ito napatituluhan kaagad.

Maraming Salamat po at sana maliwanagan ako sa aming mga katanungan.

Mabuhay po kayo Atty!

Lubos na gumagalang..
Marie

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redcarbide


Arresto Menor
Miss Marie,

There would be 3-possible ways whereby the property of your lola be transferred to you and your siblings:
1. Upon death of your lola; or
2. Through Deed of Sale executed by your lola in your favor; or
3. Through Deed of Donation likewise executed by your lola in your favor.
Your concern is what would be the most efficient/cheapest way to transfer the property to you. This would entail assessment on you part of the value of the property.
On Scheme 1 – Via Intestate Succession upon death of your lola:
a) Determine the Gross Estate of your Lola (all properties, real or personal, tangible or intangible, wherever situated);
b) Determine the Allowable Deduction
1. Funeral expenses ( actual or 5% max of the Gross Estate whichever is lower but not exceeding P200,000)
2. Judicial Expenses, if any;
3. Claims against the estate;
4. Claims against insolvent persons;
5. Unpaid mortgages;
6. Unpaid taxes;
7. Losses;
8. Vanishing deductions (property previously tax);
9. Transfer for public use;
10. Family Home (current Fair Market Value or extent of decedent’s interest, whichever is lower but not exceeding P1,000,000)
11. Standard deduction of P 1,000,000 (no need of substantiation);
12. Medical Expenses with in 1-year prior to her death up to max of P500,000 duly substantiated with receipts;
13. Retirement benefits received by heirs under RA4719;
14. Share of your lolo if buhay pa.

c) Determine the Amount of NET TAXABLE ESTATE = (GROSS ESTATE less ALLOWABLE DEDUCTION);
d) Determine the Estate Tax due based on the following Estate Tax Matrix:
Over But not Over Tax Shall be + Of the Excess over
P 200,000 EXEMPT
P 200,000 P 500,000 0 5 % P 200,000
P 500,000 P 2,000,000 P 15,000 8 % P 500,000
P 2,000,000 P 5,000,000 P 135,000 11 % P 2,000,000
P 5,000,000 P 10,000,000 P 465,000 15 % P 5,000,000
P 10,000,000 & OVER P 1,215,000 20 % P 10,000,000

On SCHEME 2. THROUGH DEED OF SALE:
TAX due resulting from Deed of Sale ( Capital Gain Tax) = 6 % x FAIR MARKET VALUE OR TAX DECLARATION whichever is higher;

On SCHEME 3. DEED OF DONATION
Below is the GRADUATED RATE OF DONOR TAX :
Over But not Over Tax Shall be + Of the Excess over
P 100,000 EXEMPT
P 100,000 P 200,000 0 2 % P 100,000
P 200,000 P 500,000 P 2,000 4 % P 200,000
P 500,000 P 1,000,000 P 14,000 6 % P 500,000
P 1,000,000 P 3,000,000 P 44,000 8 % P 1,000,000
P 3,000,000 P 5,000,000 P 204,000 10 % P 3,000,000
P 5,000,000 P 10,000,000 P 404,000 12 % P 5,000,000
P 10,000,000 P 1,004,000 15% P 10,000,000


Base on the above, you would be in the best position to determine which scheme you shall use to minimize your expenditure. Please refer to your nearest lawyer or accountant for assistance as there might be other factors that you have not devolved and considered in this suggestion.




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attyLLL


moderator
manila, there can be no deed of donation or sale, because I assume your lolo and lola are already dead. Only the can sign such a document, and anyone else doing so can be charged with falsification.

the proper procedure is to settle their estates, and that of your parents. no, it won't be inexpensive.


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manila0724


Arresto Menor
attyLLL wrote:manila, there can be no deed of donation or sale, because I assume your lolo and lola are already dead. Only the can sign such a document, and anyone else doing so can be charged with falsification.

the proper procedure is to settle their estates, and that of your parents. no, it won't be inexpensive.

Hi Atty,

Maraming salamat po sa pag tulong ninyo sa mga katulad kung kailangan ng kaunting kaliwanagan, ako po'y lubos na humahanga sa inyong kabaitan na tumulong sa kapwa sa kanilang sitwasyon. nais ko lang po itanong kung San po ba ako pwedeng makahanap ng abogado na makakatulong sa amin sa pag arrange ng Deed of sale? Kailangan po ba ang abogado na kukunin namin ay kung nasaan ang property? Sa ngayon ang lola ko po ay buhay pa.. sa tingin ko po ay dapat naming ayusin ay ang proseso ng Deed of sale dahil napansin ko po na medyo malaking percent ang babayaran sa processing ng Deed of donation compare sa Deed of sale na pede namang mag arrange nalang ng presyo na may "kunwaring bayaran" sa biniling property, dahil ang lupa naman po ay binigay na ng aking lola sa aming yumaong ama, ang kailangan lang po ay maiparte sa aming magkakapatid ang lupa.. Tama po ba yon?


Gumagalang,
Marie

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attyLLL


moderator
i'm sorry, but that's considered falsification and tax evasion. i know a lot of people do it, but you expose yourself to possible criminal liability.

you can easily google sample deeds on the internet.


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6 Deed of Donation, ano po ang dapat gawin? on Tue Feb 22, 2011 5:28 am

tukaykay


Arresto Menor
good day Attorney, kailangan pa po ba ng court order kung sakali nag execute ng deed of donation (mortis causa)? hindi po real property ang involved kundi savings sa banko. Tama po ba na humingi ng court order ang banko para maestablish ang pagiging mag-kamag anak nung decedent at nung binigyan ng deed? Ayaw din po magbigay ng checklist ng banko ng kanilang requirement para ma transfer yung pera dun pinagbigyan at ayaw din po nilang mag-issue ng certificate na may deposit ung decedent para sa tax computation. Ano po ba ang dapat gawin...more power

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attyLLL


moderator
tukay, was there or was there not a deed of donation?

in my opinion, the bank is correct because they will be liable if new heirs appear.


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tukaykay


Arresto Menor
Hi Atty.

Thanks po sa reply. Meron po nitong mga dokumento;

1] Deed of Donation (mortis causa) executed 2004
2] heirs bond covering the amount of savings
3] Meron din pong Affidavit of Self-Adjudication with publication

same time, depositor po sila nung bangko many years na din po. Yun pong binigyan ng deed of donation, sya po ang legal custodian na nakapangalan sa passbook nung decedent. So, tama po ba na hindi sila magbigay ng certificate just for the purpose of estate tax computation.

More power po.

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attyLLL


moderator
if the donee is not a blood heir, the affidavit of self adjudication will not be recognized. the bank is taking the safer route by requiring a court order.


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tukaykay


Arresto Menor
Hi Atty

Yun pong donee ay niece nung decedent. Wala pong anak yung decedent at wala na din pong living na mga kapatid.
Same time, bakit ayaw pong magbigay ng checklist banko na kailangan to effect the transfer ng funds sa donee?
Meron po bang mandate o batas for a bank to issue a certificate of deposit for tax computation (estate) para ma-compel sila to issue the same?
Ano po mangyayari dun sa deed of donation?

thanks.

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attyLLL


moderator
A niece by herself is not entitled to inherit. If a person dies without children, then parents, grandparents, grandchildren. if none, then bros and sis, then all nephews and nieces.

the bank can get into trouble if they release the money to the wrong person.

when did the person die? a deed of donation executed 7 years ago over a bank account seems dubious. if proper, it should have been transferred 7 years ago.

i recommend that she file a petition for recognition of the deed of donation so the court will order the bank to transfer the account to her.


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tukaykay


Arresto Menor
Hi Atty.

The deed of donation is a mortis causa. So, I guess we have to file a petition to recognized the deed.

Thanks so much.

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