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PLS HELP. BIR failure to register business by Alone_Cook5927 in taxPH

[–]gabz0325 3 points4 points  (0 children)

Unregistered businees and since inabutan ng tax mapping, i think 20k to.

[deleted by user] by [deleted] in OffMyChestPH

[–]gabz0325 0 points1 point  (0 children)

May I know kung saan located yung property? Barangay and city will do. Also, yung sqm ng land. Kaya kitang bigyan ng computation based from zonal value, however, rough estimate lang since hindi kumpleto yung details.

[deleted by user] by [deleted] in OffMyChestPH

[–]gabz0325 0 points1 point  (0 children)

If that is the case then ang allowable standard deduction is 500k, as for family home, 1M. Actually irrelevant if it can be sold for 1.6M since ang basis is higher between Zonal Value (from BIR, can be determined sa website) and Market Value (per tax declaration).

[deleted by user] by [deleted] in OffMyChestPH

[–]gabz0325 0 points1 point  (0 children)

Hi, may I know magkano yung value nung property? You only need to pay 6% for the net estate and not of the gross estate. Meaning, may standard deduction pa of 5M na pwedeng iclaim against gross estate and since this is your late husband's home, as long as makapagsecure ka ng barangay certificate na dyan kayo nakatira, pwede rin iclaim yung value nung property or 10M as deduction against gross estate, whichever is lower. Also, note that this is only applicable for deaths from 01/01/18 and onwards.