Practice question
A deed price is PHP5million but the applicable last assessed value is PHP2million. The question concerns only93’s stated Fund contribution formula. Which basis applies?
- PHP2million assessed value
- PHP5million automatically because it is higher
- The buyer’s total assets
- The seller’s preferred figure
- Zero because the prices differ
Legal references
- PD1529 Property Registration Decree: https://lawphil.net/statutes/presdecs/pd1978/pd_1529_1978.html Sections93–94, statutory contribution and investment framework; not an all-in registration-fee quotation.
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