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The following pertains to the estate of a citizen decedent: Separate properties of the decedent P12,400,000 Common properties of the spouses P15,600,000. Possible deduction are
The following pertains to the estate of a citizen decedent:
Separate properties of the decedent P12,400,000
Common properties of the spouses P15,600,000.
Possible deduction are as follows:
Funeral expenses P480,000
Judicial Expenses P220,000
Obligations (1/4 is separate property) P1,800,000
Family home (common property) P15,000,000.
How much is the estate tax?
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