Benefits of Owning or Investing

in Properties with Heritage

Value
By: Krizza Lyn S. Lacap
Financial Benefits
Tax Breaks
The term tax break refers to a benefit the
government offers that reduces your total tax liability
 Potential for Appreciation
Cultural heritage is central to protecting our sense of who we are. It gives us an irrefutable
connection to the past – to certain social values, beliefs, customs and traditions, that allows us
to identify ourselves with others and deepen our sense of unity, belonging and national pride.
Government Grant and Subsidies

SEC. 36. National Heritage Resource Assistance Program. — The Commission may provide
financial assistance in the form of a grant to historic, archaeological, architectural, artistic
organizations for conservation or research on cultural property. No grant made pursuant to
this Act shall be treated as taxable income.
Unique Business Opportunities
● With countless other archaeological and culturally significant sites vying for the public’s attention, you need
to stake your claim in their itineraries. And now is particularly good timing to reach people hungry for
meaningful travel experiences. After a year or more of being grounded, people are on a quest to create
touching memories.
Increased Tourism
It highlights best practices, opportunities and improvements within
heritage tourism. Through this, we aim to revive interest in local culture,
not only through education and the sciences
Community Revitalization

Urban and cultural heritage can act ambiguously as a booster for

economic revival as well as a social and environmental stressor for
local communities.
Non-Financial Benefits
Preserving History and Culture
● Where digital information propels further into the center of our society, more often than
not we neglect our traditions.
● Publishing relevant cultural articles are important now more than ever as it gives us a
clearer image as to our nation and world’s history.
● The value of literature and art amidst a technologically savvy age can put things in
perspective and harmonize the two worlds.
Contributing to the Community

To conserve, promote, and popularize the Philippines’ historical and cultural heritage and resources is
not merely a part of the constitution passed in 2009. It is also one’s responsibility as a Filipino citizen
to take part in the collective effort to preserve the core of our culture and heritage.
Sense of Pride and Ownership
It gives us an irrefutable connection to the past – to certain social values, beliefs,
customs and traditions, that allows us to identify ourselves with others and deepen our
sense of unity, belonging and national pride.