Hello guys,

Quick question, normally if we buy a property thats under the name ng tao na, we normally negotiate who is going to pay the capital gain tax sa BIR.

Now how about if we acquire a property (assume balance) from a person (we signed all the xfer of right and approve by the bank) and the title is under a banks. When we finish paying the monthly due..bank now is going to execute deed of sale, in this case...should the bank shoulder the capital gains tax of BIR?

Hope someone can help us..

TIA..you guys are the best!