“For the enlightenment of Mr. Ramel, this case is hinged on a legal issue that has yet to attain finality since the government through the public prosecutors has filed a Motion for Reconsideration with the Sandiganbayan, on the forfeiture proceedings on the very same properties that were made the tax base in the computation of the estate tax by the BIR (Bureau of Internal Revenue) thus, the properties subject of the estate tax case are still under litigation,” Rodriguez said in a statement.
“In fact, even BIR and the Presidential Commission on Good Government (PCGG) have arrived at an agreement for the BIR to wait for the decision on the said case before any collection enforcement activities and to establish ownership of the subject properties with certainty to determine with accuracy the fair and just tax base to be used in computing estate taxes, if any,” he added.
How can you or will estate taxes be paid on estate that is subject of litigation and hence can not be transferred to the names of the heirs
Read more: https://newsinfo.inquirer.net/1563316/fwd-not-paying-estate-tax-properties-still-under-litigation-says-marcos-camp#ixzz7OQKOpap7
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