Question
A decedent is a married man with a surviving spouse. He died on January 20, 2019. He left the following: Conjugal real properties P8,000,000 Conjugal
A decedent is a married man with a surviving spouse. He died on January 20, 2019. He left the following: Conjugal real properties P8,000,000 Conjugal family home 1,500,000 Exclusive properties 2,500,000 Claims against the estate from conjugal properties 500,000 Transfers for public use from conjugal properties 500,000.
1. How much is the gross estate?
2. How much is the family home deduction?
3. How much is the taxable net estate?
4. How much is the deduction as a share of surviving spouse?
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1 GE P8000000 P1500000 2500000 500000 ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
