It’s a race to the finish for heirs scrambling to settle the estate tax for properties they inherited from relatives who died in or before 2017 as the window of opportunity narrows. Heirs can pay the estate tax and beat the amnesty deadline even without a settlement of the estate if they can submit other...
Those who inherited property from loved ones who died in or before 2017 better avail themselves of the estate tax amnesty while there is still time. The amnesty period is to end on June 14, unless the government extends the deadline anew. An estate tax is a levy on the privilege of transmitting property upon...
PANGLAO ISLAND, Bohol—A group of companies that grew from a sari-sari store in Bohol’s capital Tagbilaran City has been so dominant in the commercial center business that mall magnates like the Sys, Ayalas, Gokongweis, Gotianuns or Gaisanos have not gained a foothold in the province. Alturas Group of Companies (AGC) is the clear mall king...
PANGLAO ISLAND—Bohol’s homegrown conglomerate, the Alturas Group of Companies, began as a sari-sari store 50 years ago in the provincial capital of Tagbilaran. Now it is expanding its beach resort here into a 50-hectare, mixed-use estate at a cost of P25 billion. The expansion is a vote of confidence in the prospects of tourism on...
In the not-so-distant past, buying a house or condo unit simply involved considering its location, the amenities offered, its size, and finally, the price (does the monthly amortization match one’s budget?). But since early 2020, homebuyers’ considerations have been altered in a big way. When, during the pandemic, people were restricted from going outdoors for...
