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    • Paul

      New Members: Click Here   03/09/2017

      Hello. If you are a new member, and feel a bit apprehensive about posting in the "open" forums, or, just wish to get your "sea legs" prior to posting in the open forums, feel free to post anything you wish to talk about, in the Newbies Forum. No one will bother you, or give you any sort of grief. Everyone there is happy to help you get answers to your questions.

jlobrist

New Member
  • Content count

    17
  • Joined

  • Last visited

Community Reputation

19 Okay!

About jlobrist

  • Birthday January 1

Profile Information

  • Gender
    Male
  • Location
    Oregon, USA / GMA Cavite, Philippines
  • My Blood Type
    O+
  • Ham Call Sign
    NA

Philippines Experience

  • Philippines
    Visited 6-9 trips
  1. Wife wants a Raptor...

    My wife is happy with her Honda Accord. No need for a big Ford
  2. This is true. It’s one of the mistakes we made that cost us about P20k. Next time I’ll buy shortly after the 5th and not shortly before. You have until the 5th to pay transfer documentary taxes and 30 days to pay capital gains. The penalties are 25% + 20%APR + commision fees. The commission fees are at the discretion of the person at BIR. In our case we are paying 10k for commission fees.
  3. House buying mistakes in Philippines: Verify clean title, no leans, properly registered and taxes are paid. Fill out disclosure agreement Stipulate in sales agreement who pays what taxes Have experienced person do inspection with inspection check list Deduct capital gains tax from purchase price and state so in sales agreement. Hire reputable attorney. Don’t trust seller’s attorney Make sure to do re-inspection Pay title transfer taxes before 5th of following month
  4. I’ve made a list of all the issues I had with buying this house so that I don’t make the same mistakes next time.
  5. Cash in hand. The sellers have now paid the capital gains tax.
  6. I 100% agree. Respect is something too many people have forgotten or never learned.
  7. Is there a link for all new posts?

    Never mind. I found it.
  8. Is there a way to see all new posts without going to each category?
  9. Believe me, I was thinking the same thing. Considering legal action was more of a bluff, but I still wanted to see if it was possible. I think my bluff to take further action worried the sellers and their attorney more than me. Now they have changed their minds and are willing to pay.
  10. I was thinking small claims court after talking to a lawyer.
  11. Good news. My final email with just the right wording worked. I was polite, firm, and included a small threat to take further action (more of a bluff). The sellers have now agreed to pay the CGT through a bank transfer to us by the 23rd. The due date is the 29th. Things are looking much more promising now. I’ll keep my fingers crossed that they don’t change their mind.
  12. The amount is 6% for the reduced price DOS, for a total of P126,000. I don’t think the seller will negotiate. Only the courts can work at this point.
  13. If believe it is a one time penalty of 25% and then 20% interest per year. I will most like pay the CGT to avoid penalties and the consider suing for a reimbursement.
  14. Has anyone successfully sued a seller for not paying capital gains taxes after we purchased a home? We just finished purchasing a house but did not know we needed to deduct to capital gains tax from the purchase price. The seller is now refusing to pay the tax. We never agreed to pay it, making them still responsible. Is it possible to sue them in small claims court or normal court for the amount?
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