Alberto and Krisha decided to donate some of their property to their children during their lifetime. The most effective and tax efficient way of implementing the donation to their children is to split the donations over a period of two year made by each parent independently. The total value of the property is 5,000,000 Php out of joint property donated to their only child. Under the TRAIN Law, compute for the donor's tax due in Year 1 for husband or wife.

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To compute the donors tax due under the TRAIN Law in Year 1 for either the husband or wife we need t... View the full answer