Open Deed of Sale Questions

[bambi girl]

Yes gagawa ka ng another deed of sale between you and 3rd owner.
Yung 1st deed of sale as is yun, wag mo galawin. Kelangan pa rin ng 3rd owner yun as reference na legit ang purchase nya sa yo.
Yes need pa rin yung Xerox copy ng ID ng 1st owner. Also, if ililipat ng 3rd owner ang car sa name nya, kelangan hindi expired ang ID ni 1st owner.

ung xerox id ng 1st owner is pinicturan nya lang na nakaprint with sign nya ung id? pero nasa amin ang original deed of sale. baka gusto kc ng new owner(3rd owner) itransfer na sa name nya.saka pano pala yung sa insurance? nakaname parin sa 1st owner? or wait nalang nextyear para sabay tranfer with register?

[tolitsaso]

there's always the income tax.. you did earn money from the sale, did you not? sabi nga ni kim, "any and all income is potentially tax-able".

while researching - stumbled upon this. diba nagbayad na ng tax nung binili yung car. may taxable ulit kay seller as income tax after selling.?
parang pag bumili ka ng laptop/cellphone/etc tas binenta mo rin sa iba, wala naman income tax

it may be different pero naisip ko lang.

[_Qwerty_]

income tax for what?

walang ganon sa 2nd hand sale.. you only pay for notary.

while researching - stumbled upon this. diba nagbayad na ng tax nung binili yung car. may taxable ulit kay seller as income tax after selling.?
parang pag bumili ka ng laptop/cellphone/etc tas binenta mo rin sa iba, wala naman income tax

it may be different pero naisip ko lang.

[papi smith]

Sa real property lang may ganyan, no matter how often the property exchanges hands and even when sold at a Loss, still a capital Gains tax is due.

[hitokiri1]

Deed of sale between you and 1st owner. Deed of sale beetween you and your buyer

No taxes since movable asset. NOTARY lang for transfer of name

[Exekiel]

Hi mga idol, naisip ko lang.

If yung first owner at ung 2nd buyer ay nag execute ng 1 unnotarized open DOS at 1 notarized closed DOS.

Then ung 2nd buyer binenta nya kay 3rd buyer ung sasakyan but gave the unnotarized open DOS.

Naka aksidente yung 3rd buyer, I assume 1st owner will be held liable kasi sa kanya naka pangalan ang sasakyan but since may copy sya ng notarizes closed DOS, may defense sya and proof na natransfer na yung ownership to 2nd buyer. Correct?

So ending, si 2nd buyer pa din ang hahabulin since may proof naman na sya ang bumili? So ang naisip ko sa open dead of sale ay ang risk ay nasa huling nagbenta using open dead of sale and not necessarily sa mismong 1st owner? Tama po ba?

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[dr. d]

so what do i-the-seller do?
forcibly bring the buyer of my car to the macro-etching center (twice!), and then to the LTO ?

ang dapat sanang patakaran, ay multahan ang buyer of used car, should they fail to transfer ownership within a given period, with confiscation of said car, should buyer fail to do so after 6 months.

[_Qwerty_]

bihira lang talaga yung naglilipat sa name nila.. yung car ko binenta ko nung 2016 pa.. nahuli beating the red light sa paranaque (via cctv).. sa akin pinadala yung summon and penalty.. 3500..

[remzam]

bihira lang talaga yung naglilipat sa name nila.. yung car ko binenta ko nung 2016 pa.. nahuli beating the red light sa paranaque (via cctv).. sa akin pinadala yung summon and penalty.. 3500..

Pano na pag ganyan at di mo binayaran? Can you contest na wala na sayo yung kotse?

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[papi smith]

Anong ginawa mo bro Qwerty? Di ba kung di mo naman papansinin, di rin marerehistro ng kung sino man ang may hawak at that time?