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 𝗜𝘀 𝗮 𝗛𝗼𝘂𝘀𝗲 𝗕𝘂𝗶𝗹𝘁 𝗯𝘆 𝗮 𝗧𝗲𝗻𝗮𝗻𝘁 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗲𝗱 𝗮𝗻 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗼𝗻 𝗔𝗴𝗿𝗶𝗰𝘂𝗹𝘁𝘂𝗿𝗮𝗹 𝗟𝗮𝗻𝗱? Question: “Sir, is the house built by the tenant considered an improvement on agricultural land? What should the landowner do?” Answer: Yes, a house or structure built on the land may generally be considered an improvement on the property. But the more important issue is not simply whether...

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ANOTHER REMINDER WHY REAL ESTATE DUE DILIGENCE MATTERS

A recent report revealed that the Mandaue City Legal Office is recommending the filing of criminal and administrative cases over a controversial land acquisition after the Commission on Audit (COA) reportedly found that some of the supposed sellers had already passed away before the Deed of Absolute Sale was even executed. Cases like this are a serious reminder that in real estate, signing docu...

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Real Estate Q and A Blog

𝗤&𝗔 𝗕𝗟𝗢𝗚 – 𝗥𝗘𝗔𝗟 𝗘𝗦𝗧𝗔𝗧𝗘 𝗠𝗔𝗬 𝗘𝗖𝗔𝗥 𝗡𝗔 𝗔𝗡𝗚 𝗘𝗝𝗦, 𝗕𝗔𝗞𝗜𝗧 𝗞𝗔𝗜𝗟𝗔𝗡𝗚𝗔𝗡 𝗣𝗔 𝗦𝗔 𝗥𝗘𝗚𝗜𝗦𝗧𝗥𝗬 𝗢𝗙 𝗗𝗘𝗘𝗗𝗦? Question: Sir, kung ang Extrajudicial Settlement of Estate / EJS ay may eCAR na from BIR, bakit kailangan pa pumunta sa Registry of Deeds? May bayad pa ba doon? Answer: Yes, kailangan pa rin pumunta sa Registry of Deeds dahil ang eCAR is not yet the new title. Ang eCAR ay dokumento mula...

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ESTATE TAX ON YOUR BANK SAVINGS

𝗤𝗨𝗘𝗦𝗧𝗜𝗢𝗡: 𝗪𝗛𝗔𝗧 𝗜𝗙 𝗕𝗔𝗡𝗞 𝗦𝗔𝗩𝗜𝗡𝗚𝗦 𝗢𝗡𝗟𝗬 𝗔𝗡𝗚 𝗡𝗔𝗜𝗪𝗔𝗡 𝗡𝗚 𝗗𝗘𝗖𝗘𝗔𝗦𝗘𝗗? 𝗠𝗔𝗬 𝗘𝗦𝗧𝗔𝗧𝗘 𝗧𝗔𝗫 𝗣𝗔 𝗕𝗔? Thank you for this very practical question. Many families think that estate tax applies only when the deceased person left land, house, condominium, or other real properties. But the truth is, 𝗯𝗮𝗻𝗸 𝘀𝗮𝘃𝗶𝗻𝗴𝘀 𝗮𝗻𝗱 𝗯𝗮𝗻𝗸 𝗱𝗲𝗽𝗼𝘀𝗶𝘁𝘀 may also form part of the estate of the deceased person. So yes, even if bank sav...

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EASE OF CLOSING BUSINESS

𝗕𝗜𝗥 𝗟𝗔𝗨𝗡𝗖𝗛𝗘𝗦 “𝗘𝗔𝗦𝗘 𝗢𝗙 𝗖𝗟𝗢𝗦𝗜𝗡𝗚 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦” 𝗚𝗨𝗜𝗗𝗘𝗟𝗜𝗡𝗘𝗦 𝗙𝗢𝗥 𝗧𝗔𝗫 𝗥𝗘𝗚𝗜𝗦𝗧𝗥𝗔𝗧𝗜𝗢𝗡 𝗖𝗔𝗡𝗖𝗘𝗟𝗟𝗔𝗧𝗜𝗢𝗡; 𝗧𝗔𝗫 𝗖𝗟𝗘𝗔𝗥𝗔𝗡𝗖𝗘 𝗥𝗘𝗟𝗘𝗔𝗦𝗘𝗗 𝗔𝗦 𝗙𝗔𝗦𝗧 𝗔𝗦 𝗧𝗛𝗥𝗘𝗘 𝗗𝗔𝗬𝗦 The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 47-2026 on May 19, 2026, prescribing new guidelines to simplify the process for closing businesses and cancelling tax registration, as part of the implementation of Republi...

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MAS MAAYO BA ANG PRE SELLING OR READY FOR OCCUNCY

"𝗠𝗮𝘀 𝗺𝗮𝗮𝘆𝗼 𝗯𝗮 𝗮𝗻𝗴 𝗣𝗿𝗲-𝗦𝗲𝗹𝗹𝗶𝗻𝗴… 𝗼𝗿 𝗥𝗲𝗮𝗱𝘆 𝗳𝗼𝗿 𝗢𝗰𝗰𝘂𝗽𝗮𝗻𝗰𝘆?" Kung naa ka sa Facebook nagbabasa ani — chances are, nag-iisip ka na about buying property. And this question is probably one of the first things running through your mind. Here's what 18 years of brokerage taught me: There is NO single right answer. The best choice depends entirely on YOUR goals, your ti...

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