07/11/2023
BEWARE OF THE WORD โCLEAN TITLE".
You can only call it clean title IF;
๐ด Owners that appears in the title of the property are still ALIVE & CAN SIGN documents
๐ด NO disputes attached in the title AND โcertified true copyโ of the title.
Please take note of the โANDโ 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.
๐ด All real estate taxes are paid on time. Always request for latest real estate tax clearance.
๐ดThe 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.
๐ด The property estate taxes are not yet paid, the property cannot be called โCLEANโ.
๐ด 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 ๐. 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.
๐Filing of Estate Tax Amnesty is ๐๐๐๐๐๐๐๐ until June 14, 2025 so donโt miss this chance to avoid exorbitant cost of Penalties.
Republic Act No. 11956 entitled AN ACT FURTHER AMENDING REPUBLIC ACT 11213, OTHERWISE KNOWN AS "๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐", ๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐. ๐๐๐๐๐, ๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐
๐๐๐๐๐๐๐๐๐ ๐๐
๐๐๐ ๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐ ๐๐, ๐๐๐๐, ๐๐๐ ๐
๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐ has lapsed into law last August 5, 2023.
๐ง๐ต๐ฒ ๐น๐ฎ๐ ๐ป๐ผ๐ ๐ถ๐ป๐ฐ๐น๐๐ฑ๐ฒ๐ ๐ฑ๐ฒ๐ฎ๐๐ต๐ ๐๐ฝ ๐๐ผ ๐ฏ๐ญ ๐ ๐ฎ๐ ๐ฎ๐ฌ๐ฎ๐ฎ.
Read more about RA 11956 at https://www.officialgazette.gov.ph/2023/08/05/republic-act-no-11956/
