The article emphasizes the inevitability of death and the challenges of settling a deceased person’s estate, particularly in the Philippines. It stresses the complexity and importance of proper estate settlement. It advises on the crucial steps and legal considerations for heirs, along with the significance of availing the Estate Tax Amnesty.
Tag Archives: Train Law
Do You Want Foreign Ownership of Land in the Philippines?
The article discusses the potential impact of allowing foreigners to own land in the Philippines, focusing on foreign direct investment and the real estate market. It emphasizes that 100% foreign ownership of land may not necessarily attract foreign capital and could have minimal impact on property values. Atty. Jojo advocates for a balanced approach, considering economic benefits and potential drawbacks.
How to Legally Not Pay VAT for the Ordinary Asset of a Corporation?
A common estate planning tool in the 1990s, real properties registered in the name of Family Holding Corporations are typically considered ordinary assets by the BIR. But, if the deal can be structured where the buyer will purchase the shares of the single-asset family corporation then the payment of VAT can be dispensed with altogether.
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