Mr. Joe Alwyn, resident decedent, single, died on January 18,2018 left the following properties:

Car Manila (inherited 4 years before he died, FMV, date of inheritance was P1,700,000)	P1,500,000
Car, USA 2,600,000 Shares of stock, USA	900,000
Shares of Stock, Manila	800,000
House and lot, USA	4,800,000
Bank Deposit, PNB-Manila	4,500,000
Other Tangible personal properties, Manila	500,000
The administrator claimed the following deductions:
Actual Funeral expenses	40,000
Judicial expenses	30,000
Loss of certain tangible personal properties	25,000
Claims against the estate	20,000
Unpaid taxes, accrued before death	15,000
Claims against insolvent person	10,000
Transfer for public use	10,000
Medical expenses	50,000

Compute the following using BIR Form No. 1801:

a. (Gross Estate)

b. (Ordinary deductions)

c. (Total Special deductions)

d. (Net Taxable estate)

e. (Estate tax due)

Additional Information:

a. The administrator is Ms. Gigi Hadid with Registered and Residence Address at Block 39 Pahse 3, Dagat-dagatan, Manila

b. The administrator's TIN is 143 456 789 000

c. The estate's TIN is 313 056 921 000

d. RDO No.32

e. Residence of decedent is: 143 R. Papa, Sampaloc, Manila

f. Zip Code 1008

Answer rating: 100% (QA)

Mr Joe Alwyns Estate Tax Computation BIR Form No 1801 a Gross Estate Car Manila inherited P1500000 F... View the full answer