PHILIPPINE TAXATION 2020 (TRAIN LAW)

Mr. ABC died leaving the following properties: Bank Deposit 6,000,000 Business Interest 12,000,000 Commercial Building 20,000,000 Family home, Inclusive of P2,000,000 lot 14,000,000 Additional Information: The commercial building was purchased using donations received by Mr. ABC during the marriage. The same building sustained a P1,000,000 fire loss shortly after Mr. ABC died. The lot where the family home stands was received by Mrs. ABC as inheritance during the marriage. The commercial building was mortgaged to a bank for P2,500,000. Mr. and Mrs. ABC paid P500,000 prior to Mrs. ABC paid P500,000 prior to Mr. ABC's death. There were P100,000 accrued interest at the death of Mr. ABC The spouses were under the absolute community of property. Compute the net taxable estate