How much is the vanishing deduction applicable to the house and lot? * Mr. A a resident citizen, single and head of the family died on December 2019 leaving the following properties: FV AT THE TIME OF INHERITANCE P 12, 000, 000 P 10, 000, 000 FV AT THE TIME OF DEATH 2,000,000 4,000,000 PROPERTIES House and Lot- Family home (inherited from his father who died on July 2017) Fortuner (inherited from his mother who died May of 2015) Other Information: .../5 A. Other properties amounts to P 16,000,000. B. The car was mortgaed for P 250, 000 when it was acquired and Mr. A paid the same. C. The other deductions totaled P 1, 700, 000 excluding standard deductions. How much is the vanishing deduction applicable to the car? * Mr. A a resident citizen, single and head of the family died on December 2019 leaving the following properties: FV AT THE TIME OF DEATH P 12, 000, 000 P 10,000,000 2,000,000 4,000,000 FV AT THE TIME OF INHERITANCE PROPERTIES House and Lot- Family home (inherited from his father who died on July 2017) Fortuner (inherited from his mother who died May of 2015) Other Information: .../5 A. Other properties amounts to P 16,000,000. B. The car was mortgaed for P 250, 000 when it was acquired and Mr. A paid the same. |C. The other deductions totaled P 1, 700, 000 excluding standard deductions. How much is the total deductions from the gross estate? Mr. A a resident citizen, single and head of the family died on December 2019 leaving the following properties: FV AT THE TIME OF DEATH P 12, 000, 000 P 10,000,000 2,000,000 4,000,000 PROPERTIES House and Lot- Family home (inherited from his father who died on July 2017) Fortuner (inherited from his mother who died May of 2015) Other Information: .../5 A. Other properties amounts to P 16,000,000. B. The car was mortgaed for P 250, 000 when it was acquired and Mr. A paid the same. C. The other deductions totaled P 1, 700, 000 excluding standard deductions. FV AT THE TIME OF INHERITANCE How much is the estate tax due/payable? * Mr. A a resident citizen, single and head of the family died on December 2019 leaving the following properties: FV AT THE TIME OF DEATH P 12, 000, 000 P 10,000,000 2,000,000 4,000,000 PROPERTIES House and Lot- Family home (inherited from his father who died on July 2017) Fortuner (inherited from his mother who died May of 2015) Other Information: .../5 A. Other properties amounts to P 16, 000, 000. B. The car was mortgaed for P 250, 000 when it was acquired and Mr. A paid the same. C. The other deductions totaled P 1, 700, 000 excluding standard deductions. FV AT THE TIME OF INHERITANCE