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taxation 2. An unmarried decedent died leaving properties he inherited 4 12 years ago which had fair market value of P800,000 at the time of

taxation

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2. An unmarried decedent died leaving properties he inherited 4 12 years ago which had fair market value of P800,000 at the time of his death (P650,000 at the time of inheritance and unpaid mortgage of P50,000, P20,000 of which paid by the present decedent before he died). Other properties in his gross estate had fair market value of P1,000,000. The total expenses, losses, indebtedness, taxes and transfer for public purpose amounted to P300,000. How much was the vanishing deduction

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