Case Study : A residential property owned by a family for decades and has gone through three extra judicial settlements and payment of estate taxes was initially examined by the Bureau of Internal Revenue and upon review, the Certificate Authorizing Registration ( CAR ) was found to be fake, take note, all payments regarding estate taxes are recorded in the computer – ( this normally means that the estate taxes weren’t paid or that a fake CAR was issued which means that for a fee and to save on taxes, an irregular payment was done wherein a fake CAR was issued. The Revenue District Officer has ordered for the property owner to explain the irregularity ( take note that the extra judicial settlement was processed by a reputable law firm ).
The Bureau of Internal Revenue is computerized and it’s easy to verify payments done by party involved. Anyway, will be blogging about this when it’s finally resolved and hopefully some tips on how to avoid experience such an experience. One of them it getting a certified true copy whatever that may be ( title, tax declaration, certificate authorizing registration ( CAR ), etc ) and take that additional step in verifying with the proper office if such certified true copy you are presenting is the real thing or not. Take note, being aware of any new rulings regarding BIR issues is for the burden of the property owner.
To update the status of the above case, the Bureau of Internal Revenue clearly found that a fake CAR was submitted thus corresponding taxes and penalties was paid by the Seller in order for a proper CAR to be issued !
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Robert G. Sarmiento Properties
Professional Affiliation :
Real Estate Broker’s Association of the Philippines
President, Greenhills Chapter 2008, 2009
Philippine Association of Real Estate Brokers
San Juan Mandaluyong Chapter 1998, 1999
PRC # 6569
AIPO # 000897
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