hello po pa explain po ito kahit taglish lang po salamat po in every paragraph po sana salamat po

action. VALUATION OF GROSS GIFTS In valuing properties for donor's tax purposes, the principles in the valuation of properties discussed in Chapter 2 for estate tax purposes also applies. Therefore, as a rule, donor's tax should be based on the fair market value of the property donated at the time the donation is completed. Donation of real property shall be valued based on the higher amount between the fair market value as determined by the Commissioner of Internal Revenue and the fair market value as shown in the schedule of values fixed by the Provincial and City Assessors Stocks, bonds and other securities shall be valued based on the following rules: . FMV shall be the arithmetic mean between the highest and lowest quotation at a date nearest the date of death if none is available on the date of death itself (RR 2-2003/ RR 12-2018). " If not traded in the stock exchange, the fair market value shall depend on whether the stocks are preferred or common (ordinary or preference shares). If the stocks are ordinary shares, the market 175 value shall be the book value or the security on the valuation data on the date nearest the valuation date. If the stocks are preferred. market value shall be the par value of the security. natarmine the amount of gross gift in the following cases