07/11/2023
BEWARE OF THE WORD “CLEAN TITLE".
You can only call it clean title IF;
🔴 Owners that appears in the title of the property are still ALIVE & CAN SIGN documents
🔴 NO disputes attached in the title AND “certified true copy” of the title.
Please take note of the “AND” because not all disputes are printed in the original title itself. Thus, it is very important to request for the latest certified true copy of the title.
🔴 All real estate taxes are paid on time. Always request for latest real estate tax clearance.
🔴The owners are married (on or after 1987) The property is considered conjugal even if only one property owner is in the title. Both should sign sale documents. Should the property owner dies, heirs should file and pay for the estate tax of all the properties.
🔴 The property estate taxes are not yet paid, the property cannot be called “CLEAN”.
🔴 Magkaiba po ang real estate tax na binabayaran ninyo annually at ang estate tax (BIR FORM 1801) You only pay estate tax if the owner in the title is already dead. Penalties (like big penalties) apply for late filing.
Public service lang po 🙂. Ang estate tax clearance po is NON-NEGOTIABLE. You need to file at bayaran whether you like it or not, pag namatay ang owner na nakalagay sa title.
👉Filing of Estate Tax Amnesty is 𝐄𝐗𝐓𝐄𝐍𝐃𝐄𝐃 until June 14, 2025 so don’t miss this chance to avoid exorbitant cost of Penalties.
Republic Act No. 11956 entitled AN ACT FURTHER AMENDING REPUBLIC ACT 11213, OTHERWISE KNOWN AS "𝐓𝐀𝐗 𝐀𝐌𝐍𝐄𝐒𝐓𝐘 𝐀𝐂𝐓", 𝐀𝐒 𝐀𝐌𝐄𝐍𝐃𝐄𝐃 𝐁𝐘 𝐑𝐄𝐏𝐔𝐁𝐋𝐈𝐂 𝐀𝐂𝐓 𝐍𝐎. 𝟏𝟏𝟓𝟔𝟗, 𝐁𝐘 𝐄𝐗𝐓𝐄𝐍𝐃𝐈𝐍𝐆 𝐓𝐇𝐄 𝐏𝐄𝐑𝐈𝐎𝐃 𝐎𝐅 𝐀𝐕𝐀𝐈𝐋𝐌𝐄𝐍𝐓 𝐎𝐅 𝐓𝐇𝐄 𝐄𝐒𝐓𝐀𝐓𝐄 𝐓𝐀𝐗 𝐀𝐌𝐍𝐄𝐒𝐓𝐘 𝐔𝐍𝐓𝐈𝐋 𝐉𝐔𝐍𝐄 𝟏𝟒, 𝟐𝟎𝟐𝟓, 𝐀𝐍𝐃 𝐅𝐎𝐑 𝐎𝐓𝐇𝐄𝐑 𝐏𝐔𝐑𝐏𝐎𝐒𝐄𝐒 has lapsed into law last August 5, 2023.
𝗧𝗵𝗲 𝗹𝗮𝘄 𝗻𝗼𝘄 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝘀 𝗱𝗲𝗮𝘁𝗵𝘀 𝘂𝗽 𝘁𝗼 𝟯𝟭 𝗠𝗮𝘆 𝟮𝟬𝟮𝟮.
Read more about RA 11956 at https://www.officialgazette.gov.ph/2023/08/05/republic-act-no-11956/
