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Any gifts, donations, inheritances, or other properties received at no cost must be listed at the fair market value and the assessed value. [4] SALNs are required by law under Article XI Section 17 of the Philippine Constitution and Section 8 of Republic Act No. 6713, the Code of Conduct and Ethical Standards for Public Officials and Employees. [3]
An agency of the executive branch that exercises some judicial functions and before which a minimum of due process is required. [16] Cf. administrative case. quo warranto: by what authority Latin See Quo warranto § Philippines. R.A. N/A: English Abbreviation for Republic Act. raffle Original meaning: a type of lottery: English
A property tax, millage tax is an ad valorem tax that an owner of real estate or other property pays on the value of the property being taxed. Ad valorem property taxes are collected by local government departments (examples are counties, cities, school districts, and special tax districts) on real property or personal property.
The cost approach (the buyer will not pay more for a property than it would cost to build an equivalent). The income approach (similar to the methods used for financial valuation, securities analysis or bond pricing – where the implied property value is a function of the property's pro forma cash flow, or NOI in the context of real estate).
Contracts in which at least one of the parties is a minor are voidable by the minor. Reflect a meeting of the minds: Each side must be clear and agree as to the essential details, rights, and obligations of the contract. Include Consideration: Consideration is something of value bargained for in exchange of the real estate. Money is the most ...
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China claims almost the entire South China Sea, which includes the Second Thomas Shoal, where the Philippines maintains a warship, Sierra Madre, beached in 1999 to reinforce its sovereignty claims ...
Malversation of public funds or property: If value is less than 40,000 pesos Equal to the amount of the funds malversed or equal to the total value of the property embezzled Perpetual special disqualification Yes If value is more than 40,000 pesos and less than 1,200,000 pesos Yes If value is more than 1,200,000 pesos and less than 2,400,000 pesos