PAUL donated stock securities to his daughter, CHLOE , as reward to CHLOE for services rendered to PAUL.

The property was worth 1,110,000 when PAUL wrote the deed of donation. The same had a value of 1,050,000 when the donation was accepted by CHLOE

What is the amount of gratuity and the applicable transfer tax?

• 1,050,000 donors' tax
• 1,100,000 donors' tax
• 1,100,000 estate tax
• 1,050,000 estate tax