This is income taxation please help me in the illustrative case, , I already answered number1, for example. I'll hope someone can help me with this.
BA 1A PM VINCO, Answer for work on these part 1.docx * + 2. Illustrative Case: Noel, a lessor of a property, pays the following; real estate tax on the premises, a real estate dealer's tax based on rental receipts and income tax on the rentals. Noel claims that this is double taxation. Decide. 3. Illustrative Case: Martin's income from leasing his property reaches the maximum rate of tax under the law. He donated one-half of his said property to a non-stock, non-profit educational institution whose income and assets are actually, directly and exclusively used for educational purposes, and therefore qualified for tax exemption under Article XIV, Section 4 (3) of the Constitution and Section 30 (h) of the Tax Code. Having thus transferred a portion of his said asset, Martin succeeded in paying a lesser tax on the rental income derived from his property under the lower tax bracket. Is there tax avoidance or tax evasion? (25 points) 1 Row: 32 Column: 1| Words: 402 = Spell Check| Compatibility Mode 11Normal Heading 1 = New Style * Find and Select Replace (BA 1A TAX2 VINCO, Answer for unit 2 work on these.wps * x WJ BA 1A PM VINCO, Answer for work on these part 1.docx X + 1. Illustrative Case: Mr. Jaleco is the owner of a 5,000 sq. m. parcel of land located in the city limits of Iloilo City. He leased the property for P60,000 a year to a religious congregation for a period of fifteen (15) years (2011-2026). The religious congregation built on a 1,000 sq. m. portion a seminary and a chapel that it used in connection with its religious activities. It constructed a ten (10) story building on the remaining 4,000 sq. m. which it rented out to various commercial establishments. the proceeds of which go to the support of its various seminaries located throughout the Philippines. These seminaries are organized as nonprofit and non-stock educational institutions. Questions: a. Is Mr. Jaleco exempt from the payment of real property taxes? -No, because he is earning from the property tax that is leased to a religious congregation. b. Is the religious congregation exempt from the payment of real property taxes? Yes, they're exempted due to the taxation law of the Philippines, however a certain income of a church or religious organization may be subject to tax, such as income from an unrelated business. c. Is the religious congregation exempt from the payment of income taxes on the rental receipts? -Yes, since under the section 28(3) of Article VI of the Philippine Constitution grants religious and charitable institution exemption from real property tax on all lands, buildings, and exclusively used for religious, charitable, or educational purposes