Makahabol pa! Estate Tax Amnesty. Ano nga ba ito?
03:10.0
Okay, ito po ito yung mga inlupain nila, mayroon po siyang bahay, mayroon ba silang mga sasakyan, mayroon po silang pera sa bangko. Ito po ang subject natin for settlement of estate kasi nakatinga, paano may lilipat ang title sa pangalan ng mga heirs or kayo po yung mga heirs, hindi nyo may lipat-lipat dahil nga hindi nyo nasettle ang estate.
03:34.0
So we grab this opportunity kasi mayroon tayong estate tax amnesty program. Okay, so remember lang na ang itong date na ito, December 31, 2017, pababa po kasi yan po yung petsa na magdadetermine kung pasok ba kayo dito sa estate tax amnesty program ng government.
03:57.0
Okay, take note na flat rate po tayo, 6% of the net estate ang iti-charge. Gaya na sabi ko, ang implementing agency nito ang BIR under the Department of Finance. At gumawa po sila ng Revenue Memorandum Circular, itong Revenue Regulations No. 6-2019 para mag-implement po ng Tax Amnesty Act of Republic No. 11213.
04:26.0
So, tingnan natin ano ba ang nilalaman itong Revenue Regulation ng BIR.
04:33.0
Okay, now simple lang po talaga actually. You just get a calculator tapos idetermine mo lang yung gross estate minus allowable deduction equals net estate. Yan po ang 6% estate tax babayaran natin doon base sa net estate.
04:51.0
So, ibig sabihin yung gross estate, yung kabuhuan ng propidad ng namatay, yun po yung ating kumpitin. Minus yung ano ba yung pwedeng i-deduct. Then net estate, then dyan natin i-base ang 6% estate tax.
05:06.0
Now, pag-usapan natin ang gross estate, yung kabuhuan ng property. Sa batas kasi natin meron pong dalawa. Itong first is itong resident and citizens and the second is yung non-resident aliens.
05:21.0
Itong sa resident and citizens po, all properties wherever situated, abroad man o nandito man sa Pilipinas, yan po ay covered for taxation ng estate tax.
05:33.0
And ito namang non-resident aliens is dito lang po sila sa properties in the Philippines. Okay, so mamaya natin pag-usapan yan. We'll just pick one of this example for this.
05:45.0
But paano natin i-determine kung gaano kalaki ang gross estate ng namatay? So, ang gross estate po, i-binavalue po yan ayon po sa Revenue Regulations No. 6219.
05:58.0
Ang sabi dito, ang valuation ng gross estate when it comes to real property, ang fair market value at the time of death, FMV, fair market value at the time of death, at pagpipilian lang po sa zonal valuation at tax declaration, whichever is higher.
06:14.0
So, yung zonal valuation kung kailan po namatay, doon po ang pagbabasahan ng BIR. Tapos hahanapin na yung zonal value nila pero kung wala na silang zonal valuation kasi napakatagal ng panahon, then they have to check the tax declaration.
06:29.0
Meron pang mga kopya ang city, ang local government ng mga tax declaration. So, they could get that tax declaration yung pinakaluma. Magbabacktrace sila, tatrace backing sila para to get the value, yung fair market value at the time of death kasi ang basis ng pagdetermine ng gross estate.
06:50.0
So, yun yung nandeterminein mo yung mga properties, lahat ng real property. Pagdating naman sa personal property, kung may mga sasakyan, yung fair market value at the time of death pa rin. Tapos yung sa cash in bank, kung mayroon pang laman yung bangko, is that yung peso value niya of the balance at the time of death.
07:11.0
So, kung either peso or dollars or any currency for that matter, i-convert into peso pero ang determination always at the time of death. Magkaning value nung time na yun?
07:23.0
So, kung mga 1940s, 1950s, kung ang value niya is about only dollars is, let's say, mga 20 pesos or 15 pesos, ita times lang doon. At yun po ang basis ng yatawag dating gross value para madetermine ang gross estate value ng property. Kasi pag may gross, meron po tayong i-deduct. Yan ang yatawag na deduction, allowable deductions equals net taxable estate.
07:51.0
So, ibig sabihin, kung meron tayong gross na determine na natin o na-comply na natin yung fair market value nila at the time of death, etc. So, alamin na po natin yung allowable deduction para ang difference po noon, yun po yung net taxable estate at doon po ibabase, ito po si 6%. Yan. Dyan po babasean si 6%.
08:11.0
Pero before that, kailangan malaman natin ano yung pwede natin i-deduct. That is what we call allowable deductions. Sabi ng batas is that all deductions allowed by the estate tax law at the time of death. TOD pa rin, time of death. Ibig sabihin, kung ano yung batas noong namatay siya, tapos yun ang nandoon naka sa adoon ang mga deductions allowed para magkaroon ng deductions sa gross estate, yun po susundin natin.
08:39.0
Kailangan po natin malaman ito kasi we need to put down all the allowable deductions para magliit po ang taxable estate para maliit din ang tax na babayaran natin. So, yan po ang ibig sabihin yan. So, importante po dito yung time of death. At saka tandaan po natin yung estate tax law at the time of death. At saka December 31, 2017, pababa na kamatayan.
09:08.0
So, with that, diretso na tayo sa allowable deductions. Ano po yung mga allowable deductions per era, per time frame? Hindi natin alam kung kailan namatay. Namatay ba siya 1940s, 1977, 1990, 1998? So, anong batas umiral noon at that time para madetermine natin si allowable deduction?
09:29.0
Okay. Let us start with itong kung namatay in 1939 to 1997. Ang batas po na umiral noon is yung National Internal Revenue Code of 1939. Actually, this is patterned under the US Internal Revenue Code.
09:47.0
Kasi nalala ninyo nung sinakup tayo ng mga Kastila by Treaty of Paris, nabenta tayo ang possession of property ng Pilipinas tapos na-occupy tayo ng Amerikano. Nung i-determine ng Amerika na hindi pa ready for independence, nundoon tayo sa Commonwealth Act era.
10:06.0
Kaya nga may TAF commission, may Schwartz commission para to determine kung independent tayo. Nag-establish nila yung mga system of governance sa atin. Marami judicial, legislative at executive. Isa sa mga naitatag nila yung torrent system of titling. At ito po, ito pong Internal Revenue Code para of course the government or the state cannot survive kung walang buwis.
10:32.0
Hindi yan ang lifeblood nila. Kailangan na-establish. Yung number one na may-establish yan, paano magkaroon ng pera ang kaban ng goberno. So merong National Internal Revenue Code of 1939. So kung namatay po yung ninuno ninyo between 1939 to 1977, ito po ang batas na susundin natin. At ito yung mga allowable deductions. Ito po.
10:54.0
So of course yung funeral expenses. Pero hindi dapat mag-exceed sa 5% ng gross estate. Itong claims against the estate, ito yung mga utang. Mga unpaid taxes at the time of death na kiniklaim doon sa estado ng namatay.
11:10.0
Okay? Take note ha. Kasi pag may utang po yung namatay, hindi po kayo ang heir sa magbayad ha. Ang estado po niya, ang properties po niya na iniwan niya, doon po kukunin ang mga utang, pambayad sa utang. Kaya nga merong claims against the estate. So kung may nag-claim, pwede mo yung ipadeduct noon sa gross estate because it's considered as allowable deduction.
11:32.0
All right. At ito pong property previous tax. For example, before namatay yung decedent o yung deceased, may tinanggap siya ng mana. So pagtanggap ng mana is nakabayad ng inheritance tax. So since natax na po yun, tapos namatay na naman siya, it is called property previously tax. PPT na siya.
11:58.0
Ibig sabihin, pwede pong ideduct yun. Magdepende po yan. Meron po silang years. Kung natanggap niya yun 1 year before death, 100%. 2 years before death, 80%. 3 years before death, 60%. 4 years before death, 40%. 5 years before death, 20%.
12:19.0
Ganyan ang graduation scale na value na pwede niyong ideduct sa gross estate. Allowable deduction siya. Atsaka itong property passed to surviving spouse. Actually, itong property passed to surviving spouse, simple lang naman ito. Ito pong yung conjugal share ng spouse.
12:36.0
Siyempre kung buhay pa yung surviving spouse at kunyari na dying, hindi yun kasali sa estate kasi 50% naman ang isesettle natin. Although if it is 1937-1977, malamang kung yan ang estate na sinesettle ninyo, malamang both husband and wife are already dead.
13:06.0
Mayroon po kami magbigay sa mga cancer children. Mayroon po kami ditong binibigya dyan ng foundation. Family allowances, mayroon po yan. Allowed yan noong 1939. And other expenses, other losses, atsaka mga iba't ibang allowed under the law.
13:28.0
Please note that may mga other deductions din under the law. Imagine from 1939-1977, may araming mga amendments, repeal ng mga batas ng International Revenue Code dinagdag. So, mayroong nadadagdag po doon. So, mayroon po yung brackets atsaka mayroon po silang mga listing yan.
13:44.0
Now, supposing namatay naman ang ninuno ninyo, let's say 1977-1997, yan. Ito po ang susundin natin itong National Internal Revenue Code of 1977. Bakit 1977? Ito po kasi lahat po ng batas ng 1935-1997, maraming appeals, amendments, repeals ng mga sections ng International Revenue Code, pinagpapalit-palitan, pinataas ang presyo and everything.
14:12.0
Si former President Ferdinand Marcos, under a presidential decree, ni-codify niya ito. Binoon niya lahat ng batas. Parang inayos niya into one Internal Revenue Code. Ito yung titawag natin, National Internal Revenue Code of 1977.
14:30.0
Now, dito po sa batas na ito, ang allowable deductions nito, ganoon pa rin. Puneral expenses. Tapos yung claim against the estate. Itong bago, may medical expenses na. Medical expenses incurred by the decedent within one year prior to death. So, ibig sabihin kung na-hospital siya one year bago siya namatay, yung pong nagastos niya doon sa medical expenses, pwede po niyang i-duct yun sa gross estate because it's considered as an allowable deduction.
14:58.0
At ang alam ko, it should not exceed 10,000 pesos. Tabi niyo maliit? Well, just take note ha. In 1977, the time to 1997, yung 10,000 pesos, malaking bagay na yan. Pang deduction sa medical expenses. Maybe in 1997, maliit siya. Pero in 1978, 1970, 1980, malaki na yung 10,000 pesos na deduction na yan.
15:22.0
At meron po tayo yung family home. Na-introduce na si family home ngayon. Pero dapat hindi daw mag-exceed ng 1,000. So, pwede 1,000,000. Pwede ka mag-deduct ng 1,000,000 worth about family home. So, i-deduct mo yun doon sa gross estate. Para mag-create yung ating net estate.
15:39.0
And then, meron tayong standard deduction na automatic na ito. Standard. Walang resibo-resibo. Pakita mo lang. Pasa namatay ka within this period, automatic meron kang standard deduction of 100,000 from the gross estate. Minus mo na kaagadyan siya.
15:54.0
Okay. So, ganun din. Meron pa rin yung property previously taxed. Tapos yung property passed to surviving spouse. Yung conjugal share. Yung mga charitable donations. Bequest po is donation po. Ibig sabihin yan. At yung mga family allowances. Nandyan pa rin. At of course, yung other deductions allowed under the law.
16:14.0
Kasi nga naman, 1977 to 1997, marami na namang mga amendments, repeals. Kahit na na-codify na po ni former President Marcos yung NIRC natin, from 1977 to 1997, marami pong mga repeals, amendments. In fact, kung ito na yung pinaka-latest before the train law, itong debts occurring in 1997 to December 31 to 17.
16:43.0
So, kung nandyan ang ninuno ninyo, nandyan yung parents or lolo ninyo namatay, ang susundin po natin na batas, ito na pong Tax Reform Act of 1997. So, with this, medyo a little bit simplified, pero magulo pa rin actually.
16:59.0
Totoo lang, ang estate tax computation po nung panahon ng 2017 pababa hanggang 1935, ang gulo talaga. Maraming compute-compute na. Nako talaga. Kaya matagal mag-settle ng estate. Kaya ang iba, ayaw na mag-settle ng estate nila. Katulad ngayon sa train law, maganda po ang proseso at pag-compute. Simplified po talaga.
17:22.0
Ang mga deductions po in this period, 1997 to December 31, 2017, ito po yung expenses, losses, indebtedness, and taxes. Ganon din po yun. May funeral expenses. Pero ito na, actual funeral expenses, pero hindi daw mag-exceed ng 5% sa gross estate.
17:42.0
But, hindi rin din siya mag-exceed ng 200,000. Short of saying, hanggang 200,000 pesos lang. At pwede mo mo ninededuct. Yan po yung bayad sa kabaong, bayad sa libing, bayad sa kape, sa biskwit na binili ninyo.
17:57.0
And also, meron din judicial expenses. Siyempre, nai-file sa kaso sa court, kinuestion yung will, may testate proceedings or walang will, nag-aagawan kung sino ang may heirs para sa property paano i-divide, nagkaroon ng n-testate proceedings. Pwede po i-deduct sa judicial expenses.
18:15.0
So, mag-apply po ang deduction yan ang administrator or executor. Depende po sa kung sino po ang in-charge dito sa estate. Kasi may appoint pan yan.
18:24.0
And then, after that, yung claims against the estate. Tapos yung claims of the deceased persons against insolvent persons. Ito maganda kasi kung ikaw yung namatay is that meron siyang sinisingil doon sa isang tao na hindi nakabayad sa kanya dahil insolvent, yung collectable niya doon pwede i-deduct sa gross estate.
18:46.0
So, ibig sabihin, makapababa sa ating estate. So, okay ito. May claims of deceased against insolvent persons. Tapos ang unpaid mortgages. Yan. Hindi nabayaran ng mga utang, minus po yan.
18:57.0
And meron pa rin yung property previously taxed. Take note of that. And doon doon pa rin yung bracket na 1 year, 2nd year, 3rd year, 4th year, 5th year kung kailan niya natanggap ang mana nung namatay sa kanyang ninuno rin at nagbayad siya ng tax. At tawag noon is inheritance tax.
19:13.0
Ang tawag niya ngayon estate tax. Tapos huwag niyo pagkaibahin yung dalawa na inheritance tax. Wala na po yan. Estate tax na po. Yung estate tax po hindi po yan katulad ng real property tax. Yung amilyaro at mihoras. That is real property tax. Hindi po estate tax yan. Okay. Dagdag kalaman lang.
19:31.0
And then yung transfer for public use. Of course kung mag-donate ka sa government, mag-donate ka ng road widening. Siyempre instead na i-benta mo, sige sa inyo na lang po yan. I-donate ko niyan. I-deduct mo yan sa gross estate nung ninuno mo kung dinonate niya man lang sa government. So yan po ang discarded dito under the Tax Reform Act of 1997.
19:52.0
At may family home sila. Pero ito lumaki na yung family home. Pwede ka mag-deduct ng P1M. The same rin pala, P1M. Maka-deduct ka ng P1M sa gross estate. Ang standard deduction pala ang lumaki. Standard deduction, automatic P1M walang resibo, deduct na yan sa gross estate. Yan ang standard deduction.
20:13.0
At saka yung medical expenses. I think lumaki rin ng P500,000. Dapat incurred within one year prior to that. So yung marisibo sa ospital, marisibo sa pagbili ng mga gamot and everything within one year prior to that. Hanggang P500,000. Deduction po yan.
20:30.0
And amount received by the heirs under RA 4917. Deductible din po yan kasi yan yung sa mga employees compensation. Share of the conjugal property. Of course it is na sabi ko siya conjugal share. So hindi talaga kasali kung buhay pa si surviving spouse. So hindi kasali. 50% yun lang estate ng decedent, yung namatay.
20:53.0
All right. So yan po. Importante po malaman natin yung deductions sa ito. Kasi ang aim po natin is paliitin po natin ang value ng estado or properties, yung estate nung namatay. Para po yung 6% flat rate, eh doon po natin mababase sa kung pwede natin pababae ng pinakamababa, no problem yan.
21:15.0
Because that is called tax avoidance. Hindi po yan tax evasion. Tax evasion yung ayaw mong magbayad ng buwis. Tax avoidance is you use all the tools stated under the law wherein pwedeng i-deduct mo para mabababaan ang taxes mo. That's tax avoidance and that is not disallowed. That is actually valid. Pwede pong gawin yan.
21:40.0
All right. So having said that, let us proceed. Itong Republic Act No. 11213 Tax Amnesty Act, sabi ko sa inyo 6% of the net estate. Wala na po yung dating bracket. Imagine that over 200,000 but over 200,000 exempt daw, 200,000 to 550, ay wala na po yan siya. Straight na po tayo 6% of the net estate.
22:09.0
Now, ang tanong nyo sa akin, attorney pwede ba kami ma-exempt? Well, ang sabi ng batas, actually there is no exemption here. Kahit na ma-zero po yan, at least daw sabi ng Revenue Regulation at tax amnesty act, at least 5,000 ang babayaran.
22:29.0
So parang yun ang pinakaminimom. Kunyari pag tingin sa gross estate tapos sa family home pa lang zero na siya, you still have to pay 5,000 pesos. Okay? So not minimum of 5,000 po ang sinasabi ng ating regulation.
22:46.0
Now, if you are planning to buy a property na matagal na patay yung may ari, depende sa era na tanggap, 1935, 1977, 1987. Well, you have to remember that pwede ka makagawa sila ng, tell them yung gawitan na sa judicial settlement ninyo ngayon and then maka-avail kayo ng tax amnesty.
23:08.0
Tapos, benta nyo sa akin, yung sale na yun na benta sa'yo today, i-assess po yan based on the tax today. Okay? So, for the capital gain tax is 6% and 1.5%. Kung gidonate sa'yo, 6% pa rin at 1.5%, parehas ng taxes nila.
23:26.0
So, wala ng ibaang computation doon sa sale transaction at donors transaction kaysa doon po sa estate tax. Okay? Take note on that. So, but ang problema natin is ito. May situation kasi nilapit sa akin.
23:45.0
Atorney, mayroon kami nakita na papel dito kay Lolo. May extrajudicial settlement kami but binenta with sale. Yes. So, ano mangyari niyan? Atorney?
23:58.0
Well, ang mangyari niyan, ito pong lumang luma sa judicial mo talagang, color niya luma pa. You have to, pwede tayo maka-apply for tax amnesty sa extrajudicial settlement.
24:10.0
However, doon sa deed of sale, ang sabi po ng revenue regulation ng BIR is that babayaran po ang capital gain tax or applicable tax at the time of the sale plus the penalties. Magpapepenalty po yan.
24:28.0
Ha, ganun po ba? Opo, magpapepenalty. So, it happened in 1980. While ibibase lang sa 1980 na amount, ang value ng tax na babayaran mo, let's say capital gain tax na 6%, however, ang penalty mo noon tuloy tuloy pa rin.
24:45.0
That is the problem and I'm sorry but that's how it is. Pero if you really want to transfer it, then you have to. Because there is no amnesty with respect sa donation noong December 31, 2017 pa baba at saka sale noong panahon na iyon. So, only estate tax lang.
25:08.0
Pero if you will see it, mura ang value noon, mura rin ang assessment. So, malamang is mura din ang penalties and interest. So, yan na lang. Maybe you can apply for some compromise with the BIR because they're allowed to compromise. Maybe they would agree. Okay? Kingi lang tayo ng tulong.
25:28.0
Alright. So, I hope you learned something. Gusto ko lang po mag-avail po kayo dito ng estate tax amnesty. Kasi hanggang June 14, 2020 na po, ang benefits is 6% tax lang babayaran. Walang babayaran back taxes and penalties. Absolutely possible. Take note, estate tax lang po. Wala na pong iba.
25:48.0
Now, aside from that, kung masettle na nyo yung estate nyo, malilipat na nyo yung property. Title under your name kung kayo po yung mga heirs. At least magkaroon na po ng peace. Not only peace in legal terms sa papeles at evidence of title or evidence of ownership but it is also ma-peaceful na rin po yung mga namatay.
26:13.0
Of course, sabi na ay salamat at least masettle na yung estate ko at makapagpahinga na ako ng lugbusan. So, salamat po. With that, I would like to say thank you very much and I will see you again next Saturday sa ating question and answer portion and other video lectures that I will be posting. Thank you. Have a holy weekend.
26:43.0
Thank you very much.
