Question
Hello, please type your offered legal advise applying the current laws of the Philippines. Topic: Estate and Donor Tax 1. Your widowed client wanted to
Hello, please type your offered legal advise applying the current laws of the Philippines. Topic: Estate and Donor Tax
1. Your widowed client wanted to transfer his remaining properties worth P10 million pesos to his children. The P10 million includes the following: P5 million worth of family home, P3million worth of stocks of a domestic corporation, and P2million cash deposit. What advise should you give to minimize his tax obligation .
2. One of your client has a rental property which earns around P500,000 annually. He wanted to use this annual rental income to help the poor but deserving children of his hometown. What advise should you give to minimize any tax obligation on his philanthropic activity?
3. If you have P1 million pesos, how can you transfer this to your children without paying any tax?
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