Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password




You are not connected. Please login or register

BUYING A REAL PROPERTY

View previous topic View next topic Go down  Message [Page 1 of 1]

1 BUYING A REAL PROPERTY on Mon Jul 04, 2011 9:07 am

cmark123


Arresto Menor
Dear Attorney,

I'm interested in acquiring a real property from a relative. There is no problem with the Land Title and the owner. However the problem is this. The TCT owner is stated like this " Juan dela Cruz married to Juanita Ramos". JUan dela Cruz with four children of legal age, died several years ago, there is no will and the property was not subdivided up to the present. The owner indicated in the TCT remains the same. We know that there will be a equivalent inheritance tax to be paid if they will sell it, which I or them have to shoulder. Is there a best way to minimized the cost of tax. Hope you can enlighten me. Thank's

View user profile

2 Re: BUYING A REAL PROPERTY on Sat Jul 09, 2011 12:20 am

attyLLL


moderator
there's no escaping the estate taxes and the cap gains and transfer taxes.


_________________
[i] Visit our FB Page: BPO Employee Legal Advice
Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
View user profile

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum