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ESTATE TAX PHILIPPINES UNDER TRAIN LAW H Mr. Francisco, Filipino, married, died on Nov.21, 2019, leaving the following assets and expenses: Assets Azucarera, Tarlac P

ESTATE TAX PHILIPPINES UNDER TRAIN LAW

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H Mr. Francisco, Filipino, married, died on Nov.21, 2019, leaving the following assets and expenses: Assets Azucarera, Tarlac P 1,800,000 House and Lot, San Juan, Metro Manila (family home) 1.350,000 2-Door Apartment in Quezon City. donated by his parents in 2008 700,000 Investment in a Domestic Partnership 400,000 Personal Property 160,000 Cash In Bank 200,000 Expenses Funeral Expenses P 130.000 Unpaid Mortgage on Azucarera 140.000 Unpaid Mortgage on Apartment 100,000 Medical Expenses in 2015 75,000 Monetary Allowances to the Widow during the settlement of the estate 30,000 Income Tax for 2015 24.000 Required: Determine the net taxable estate and estate tax

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