How to reduce taxes on real estate deals

THE CENTER for Global Best Practices will hold a special seminar on “Optimizing Tax Savings for Real Estate Transactions” on March 14-15 at The Peninsula Manila, Makati City.

Participants can learn how to save millions of pesos in taxes in real estate transactions. Ways to reduce tax liabilities without violating Tax Code provisions are available to taxpayers, particularly those in the real estate business, such as developers, contractors, buyers, sellers, brokers, lessors and owners of real property.

The comprehensive program will discuss legal means of avoiding or reducing taxes in real estate transactions. The lecture will include updates, examples, new regulations and specific situations to guide participants in addressing their tax problems and issues effectively.

Resource person Danilo A. Duncano, a certified public accountant, will discuss strategies to structure transactions to save on real estate taxes. He will give tips on how to align practices with the latest rulings and policies of the Bureau of Internal Revenue (BIR).

Duncano has over 38 years of experience as a tax practitioner both in the private and public sector. Currently a BIR director, he has been officer in charge deputy commissioner of the Tax Reform and Administration Group, Special Concerns Group and Resource Management Group.

Seminar participants will get a resource kit with a free book, snacks, lunch and certificate of attendance. The seminar is accredited under the Mandatory Continuing Legal Education (MCLE) program of the Supreme Court. Lawyers attending the event will earn MCLE points.

Seats are limited so preregistration is required. Early bird and group (three or more) discounts are available.

Visit www.cgbp.org or call the Center for Global Best Practices 5568968/ 69 (Manila), 032-5123106/07 (Cebu) or 074-4235148 (Baguio).