I sympathesize you coz I can relate a bit oh but not exactly me, my dad
I know how's the feeling of it
My Dad never realise that the tax
he paid was nearly the cost of the land he purchased
from this chart
http://www.bir.gov.ph/taxinfo/tax_estate.htm#20138
Just to give u brief idea of computation for example:
Let say After July 28, 1992 up to December 31, 1997
net estate= 700,000
500,000 = 15,000
200,000= 16,000 (8% of excess over)
Total = 31,000
I am not good in Taxation been aware just for my Dad concern, i think i might help him to undergo proper procedure and need good CONNECTION to the local government
Goodluck ate Tish, it will be alright
and in brightside it's good investment
Originally Posted by Tish
