What you need to know about the Estate Tax Amnesty

So, how many of you have family properties that are still in the name of your grandparents... Or, worse, how about great grandparents? Yeah.
How many of you are worried that the government will charge you so much in back taxes and fees?
There's a lot.
Now, how many of you would like to get all of these issues settled legally with the most minimum taxes?
That has the most amount. Day in, and day out we see this.
Families don't transfer their properties from their parents or grandparents because they're all afraid of how much it will cost.
So what happens? Many times they ignore the issue or leave the problem to the next generation.
Usually, some of the kids from the next generation, go abroad, build their lives there and only deal with the problem when there is someone offering them to buy the property here in the Philippines.
And this is exactly the situation of one of our readers, Elaine G.
"Attorney, my mom, and her siblings inherited property from our disease lolo sometime in 2001.
It was our ancestral home, located in a town center. They didn't do anything to transfer the title to them. They recently decided to sell the property and got a very good offer.
We found out that we still need to pay estate taxes from when my lolo died.
This is potentially very big since he died in 2001. Is there any way to get a discount or some consideration from the tax?
My mom is currently living in the US and had no idea that this needed to be paid at the time. It seems unfair that we will now have to pay for this. Is there something that we can bring or ask the BIR to do to get any discounts or deductions?"
If you or anyone in your family is in a similar situation as Elaine, stay tuned.
This video is brought to you by the Estate Settlement Guide. The fastest
way to Orient surviving family members when a loved one passes away.
You will learn the basics of succession to know who can inherit and how much it will guide you through the next steps your family needs to take so you don't incur penalties and you transfer the property to the heirs properly protect your family legacy, avoid unnecessary penalties.
Go to info.legalguide.ph/estate to learn more.

[@eleanorcaballero7982]

Thanks for the heads up for the EJS.

[@rosepineda3238]

This is a huge help for my family.

[@etiennebrownlee4071]

Hi atty. ask ko ko lang po what is the case if deceased father in the title is under the tax amnesty, and the deceased mother in the title din is not under the amnesty?

[@rowenagregorio7353]

Salamat po Attys 🤍

[@julianaysla7639]

Atty.s ang problem po namin ay ang May ari ay 8 ang nasa titulo pero namatay ang 4 na may ari . Namatay-1dec.27,2013 Namatay-2 june.14,2015 Namatay-3 Nov.2 ,2022 Namatay-4 April 4,2021 So papano po ito.? At hindi mahati ang lupa,

[@carlaferrer8119]

Pwde po bang magtanong? Pwde ba nila tanggalin nila yung penalties? Hindi namin alam na meron pla binabayaran tax amnesty sa condo? Or hulug hulugan? Since 2015 up to present.

[@carlporal2044]

My parents died after 2018 are we qualifiied to apply for tax amnesty

[@yolandanovicio7605]

Thank you for making this video. I have one question though about this particular Local Government Code Section 270. My father died last 2006 and since then, we were not able to pay for our amilyar. March of 2022, I went to QC Hall for assessment. We were asked to pay for the whole duration from 2006 - 2022. My question is, would there be a chance that they will only ask us to settle only the 5 years instead of 16 years. How can we avail of this code section 270?

[@LegalGuidePhilippines]

Hi Yolanda, I think there would be nuances here that should be clarified. Feel free to set an appointment with us at www.legalaccess.ph and let's see how we can assist. Choose Estate Settlement as your option.

[@inkblotsscribbles8826]

Sirs, I hope you can advise us on some issues. My mom and her siblings are processing the estate tax of the land property left by their father who passed away in 2012. They are availing the Estate Tax Amnesty. My question is: If we are availing the Estate Tax Amnesty, what zonal value should be used in the computation of the gross estate? Is it the zonal value corresponding to the classification of the land during the time of death of their father, which is 2012? Or is it the latest zonal value released by the DoF in 2019? Thus, will the computation be: - Land area, times zonal value of the land's classification during time of death, less deductions, times 6%; or - Land area, times zonal value of the land's classification based on 2019 DoF schedule, less deductions, times 6%? Thank you po!

[@LegalGuidePhilippines]

Value for estate computation is the value at the time of death. In addition, would highly recommend enrolling in our estate workshop at info.legalguide.ph/estate so you get a background on the whole process. In case you need a team to assist, you can set a consultation with us at www.legalaccess.ph and choose ESTATE SETTLEMENT from the options. Hope that helps!

[@gracea8661]

Pano po kung yung lolo na namatay (2012) na nasa original na tittle pinamana nga sa anak but yung anak namatay (2022) na din pero ang nasa tittle eh yung name ng lolo. Meaning hindi nalipat yung tittle at may estate tax nga pa na dapat i settle. Sino ang basihan ng decedent? yung Lolo na nasa original title or yung heir na hindi nailipat sa kanya ang tittle? saan mag ba base po ang year nung amnesty qualification? sa 2012 or sa 2022?

[@yhangdejesus]

Good Day po mga Sir? Pwede p po b mg apply ng estate tax amnesty ngayon?

[@LegalGuidePhilippines]

Yes

[@carongee1006]

Atty ask ko lang kung tapos na ang extra judicial settlement at publication pero nalaman namin na may problem ung Area sa Tax. Dec. Mas malaki ung area kaysa DENR Cadastro, 2002 pumanaw ang mother ko, 2020 naman namatay father ko gusto sana namin bayaran na ung state tax pero iwan muna ung may problema para hindi lalaki ung penalty namin. Pwede po ba un?

[@silentwatcher1455]

Partly to blame is the govt. They made all procedures and paperworks too complicated that they are the only one who understand the rules and how it works. Actually it should be very simple.

[@lizalomerez1005]

100 percent correct!!!

[@lizalomerez1005]

Dapat yan kasama sa subject curriculum para alam ng lahat

[@lizalomerez1005]

Tinuturo dapat yan sa school or magpa seminar ang mubisipyo about that yearly

[@LegalGuidePhilippines]

We agree that marami sana nakaka intindi nito. We're doing our best with our videos. Kahit papaano, we get to reach more people with the right information. Thank you very much for supporting our channel! We appreciate it.

[@dennisparumog8752]

Good day po.mag tatanong po ako kasi po un tinitiran namin na lote eh naka pangalan sa lola ng mrs kona namayapa po noong 2003 un byenan ko naman po na lalake na pangalawang anak nag naka pangalan s titolo na nanay ng byenan ko na lalake ang tanung ko po pag nasalin na po ba sa pangalan ng kapatid ng byenan ko un titolo ng lote eh wla na po ba karapatan ang anak ng kapatid nila na namayapa na salamat po

[@oficiarfrontier4495]

DAPAT IPANUKALA NA MAGBABA NG ESTATE TAX AMNESTY DAHIL MARAMING MGA NARITO SA LIBLIB NA LUGAR ANG HINDI ALAM ANG TUNGKOL DIYAN.

[@LegalGuidePhilippines]

Tama po kayo. Binaba na rin po ng gobyerno ang estate taxes sa pagpasa ng TRAIN law. Pero kung bababa pa, mas maraming matutulungan. Maraming salamat po sa inyong suporta sa aming channel.

[@lizagonzaga7969]

Hello po,panu po kapag ang one of the heir is nasa abroad anu po b dpat nya gawin para makapagsend ng proper document s mga kapatid n nasa pinas para maayos ang estate tax.thank you

[@LegalGuidePhilippines]

Spa po. Here isa video on that www.legalguide.ph/help-i-need-an-spa-how-do-you-make-one

[@jennevamontano7218]

Atty. What if nakabili po kami Ng lot na nakapangalan pa sa tatay Ng seller Peru isa lang siya anak po. Yung portion lang po ba na nabili namin Ang bayaran Ng estate tax o Yung lahat Ng nakapangalan sa tatay nyang namatay ay Kasama sa bayaran po?

[@momswaknswak3304]

Ask lang po, Buyer po ako, May Extrajudicial settlement of estate March 2021 - (hindi po na publish ang EJS) and deed of sale May 2022 (separate documents). Ok lang po ba ito, o dapat mag ka pareho po ang date ng extra judicial settlement at ang deed of sale. EJS 2021 (wala po bang penalty ito sa BIR) Concern ko po: yung lote lang po ba na Nabili ko sa seller ang Subject sa estate tax. Hindi na po ba Masasangkot ang iba pa nilang property. Please advise po. Maraming Salamat po.

[@LegalGuidePhilippines]

Hi Momswak, I think it would be best if you consult a legal team to check the docs po para sure. Marami po kasi moving parts yan situation, mabuti nang sure. You can book a consultation with us at www.legalaccess.ph and choose ESTATE SETTLEMENT from the options. If you want a free legal team instead, this link would be helpful: www.legalguide.ph/where-to-ask-for-free-legal-assistance

[@momswaknswak3304]

Good day po ng attorney! Buyer po ako, Mag kahiwalay po yung extra judicial settlement at yung deed of sale namin. Ask lang po, nagbayad na kami ng estate tax pero hindi kinuha ng BIR ang deed of sale. Sa pagrelease ba ng eCAR (estate tax) nasa name na po ba namin or sa name parin ng heir. Paano po pagdating sa RD, magkaiba po ang name ng eCAR (sa estate tax) at yung isang eCAR nasa name ko po. CGT and doc stamp bayad napo (eCAR po nasa name ko na released napo). Please advise po. 🙏

[@LegalGuidePhilippines]

Mahirap po mag advise from these facts lang po, docs will need to be checked to be sure. If you need help with this, you may book a consultation at www.legalaccess.ph and choose ESTATE SETTLEMENT.

[@katesocampo1060]

magbabayad pa po ba ng CGT tax pag naayos na ang estate tax? para matransfer from lola to papa?

[@LegalGuidePhilippines]

That would depend if ale ang gagawin ninyong method of transferring. I suggest this watching this para dagdag information to decide kzbin.info/www/bejne/Z4KUlKNsdqmVgNE

[@jpnb4759]

What about BBM & The Marcoses Php203B Estate Tax Due which is final and executory... just because he is president now, why doesn't the BIR collect from them now, since you said the LAW excuses no one!?!?!?

[@clairepaches]

Pareho ba ang case ni marcoses sa.mga common probs sa lupa?

[@perry_n_beary5911]

How would you know? If the Marcoses really paid the estate tax due, the press would surely have a ball disseminating news about it!

[@jarheadyojo4795]

Government worries about low revenue due to people cheating their taxes but has no problem taking the peoples taxes in their pockets😆 its just a taste of their own medicine.