Capital and DS Taxes in philippines

[earthlyken]

Hello Fellow tsikoters,

Ask kolang sana inputs niyo kung ano yung pros and cons..

We are planning to purchase a house and lot (ayaw ng owner bank financing, gusto cash), we can throw all our cash in to get the property, now the problem yung government taxes (wala na natira samin to pay for it -- for now).

Can we pay the said taxes let say in the next 3 to 5 years after? (ofcourse hinde muna natin ipapa notarize yung Deed of sale).

Ano kaya pros and cons sa plano namin dito? (the owner is an old lady 91 years old na) pero mabait naman.

Hope to get your inputs..

TIA and more power to the group..

[chronicle]

Wag mo "saidin".
You will never know baka bukas makalawa may emergency.

One option is to take out a personal loan on the bank.

Amelyar, transfer, etc cost are negligible compared to property value. Kung dyan pa lang wala ka ng pang gastos, magisip isip ka na.

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[earthlyken]

Wag mo "saidin".
You will never know baka bukas makalawa may emergency.

One option is to take out a personal loan on the bank.

Amelyar, transfer, etc cost are negligible compared to property value. Kung dyan pa lang wala ka ng pang gastos, magisip isip ka na.

Sent from my BLL-L22 using Tapatalk

Thank you for your inputs sir, but is it ok to prolong the said taxes?

[chronicle]

Thank you for your inputs sir, but is it ok to prolong the said taxes?

Short answer. No.
These are your duties to the local govt as a lot owner.

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[papi smith]

If you are confident that after 3 years meron kang valid IDs Ng seller, and buhay pa si 91 yo seller and walang maghahabol by then na kamag-anak, then pwede siguro. The law prescribes kasi a limited period only for transfer to be completed.

Malaki Ang possibility na masakit yan. Sa ulo later, so ipangutang mo na lang yan transfer fees, tutal kaya mo naman i-cash Ang property