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The lender is not responsible for the mere fact that the item being the subject of the contract has defects, but for the fact that he did not notify the borrower about them. The reservation of liability does not apply to a situation in which the recipient could easily notice the defectsCivil Code. Commentary, ed. M. Balwicka-Szczyrba, A. Sylwestrzak, Warszawa 2022, art. 724]. Loan agreement and tax consequences Loan from a family member In the field of tax on civil law transactions, the tax exemption specified in Art. 9 point 10 letter b) the Act on tax on civil law transactions.
Pursuant to the above According to the regulations, loans in cash based on an agreement philippines photo editor concluded between immediate family members are exempt from tax on civil law transactions, provided: submitting a declaration on tax on civil law transactions to the competent tax authority within 14 days from the date of performance of the action, except for the case where the contract was concluded in the form of a notarial deed; documenting the receipt of money by.
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The borrower by proof of transfer to his payment account or to his other account at a bank or cooperative savings and credit union, or by postal order. Tax relief on civil law transactions is available to a person who received a loan from his or her relatives, including: wife, husband, descendant (e.g. daughter, son, granddaughter, grandson), ascendant (e.g. mother, father, grandmother, grandfather), sister or brother, provided that the loan.
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