Question
On august 18 , 2018 Blue loaned to his sister Berry P200,000 at an interest rate of 12 % per annum payable in 1 year
On august 18 , 2018 Blue loaned to his sister Berry P200,000 at an interest rate of 12 % per annum payable in 1 year thereafter . One month before the debt becomes due Berry's husband died . Consequently Blue informed his sister that he is condoning the loan including the interest . How much is the value of the donation made by Blue to Berry ?
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In this scenario Blue loaned P200000 to his sister Berry at an interest rate ...
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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
