Does your Philippines Real Estate Property have Hidden Treasure?



Check out what the State says when you find a pot of gold in your house or lot in the Philippines:

HIDDEN TREASURE

  1. Hidden treasure belongs to the owner of the land, building, other property on which it is found.
  2. When the discovery is made on the property of another, or of the State or any of its subdivisions, and by chance, one-half of the treasure, shall be allowed to the finder. If the finder is a trespasser, he shall not be entitled to any share of the treasure.
  3. If the things found be of interest to science or arts, the State may acquire them at their just price, which shall be divided in conformity with the rule above stated.
  4. Hidden treasure, for legal purpose is understood to be any hidden and unknown deposit of money, jewelry, or other precious objects, the lawful ownership of which does not appear.

Hopefully, that house in the Philippines you’re living in is in itself a treasure well worth keeping

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A. Mandatory Requirements – Taxable/Exempt Tin of Mortgagee and BuyerNotarized Deed of Consolidation, if any, but only photocopied documents shall be retained by the BIR.Certified True Copy of the latest Tax Declaration issued by the Local Assessor’s Office for land and improvement relevant to the date of transaction.Sheriff’s Certificate of