How much deductions can she claim under TRAIN Law? How much is the taxable net estate? How
Question:
How much deductions can she claim under TRAIN Law?
How much is the taxable net estate?
How much is estate tax due?
TRANSFER AND BUSINESS TAX (Philippine Current Tax system)
numbers 5-7, refer to the following data:
Mrs. Curtis, a citizen and resident of Brisbane, Australia (non-resident decedent) died leaving property and obligations in Australia and in the Philippines. Data on his property and obligations follow:
Property in Australia P30,000,000
Property in the Philippines 10,000,000
Funeral expenses 250,000
Unpaid obligations 700,000
8. Rodela gifted Haidee, her sister-in-law, a gold bracelet on her birthday. The fair market value of the bracelet is P30,000. How much is the donor's tax due?
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill