Document background
The Deed of Sale of Inherited Property is a crucial legal instrument in Philippine property law, used when heirs wish to sell property received through inheritance. This document is essential for ensuring clear title transfer and protecting both sellers' and buyers' interests in the Philippine jurisdiction. It must include proof of legitimate inheritance, typically through an extra-judicial settlement or court judgment, and comply with requirements under the Civil Code of the Philippines, Property Registration Decree, and tax regulations. The deed requires notarization and registration with the Registry of Deeds, and must address capital gains tax, documentary stamp tax, and local transfer taxes. It's particularly important in the Philippine context where family property ownership and inheritance are common, and strict compliance with succession and property transfer laws is required.
