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Timed task, answer for an upvote :))) Spouses Chis and Kathleen wanted to donate a parcel of land to their daughter Myles who is getting
Timed task, answer for an upvote :)))
Spouses Chis and Kathleen wanted to donate a parcel of land to their daughter Myles who is getting married in December 2020. The parcel of land has a zonal value of P420,000. You are consulted as to how should they make the donation to save on donor's tax. During the year, Chris has made a donation of P20,000 of his exclusive properties before the donation of land. What advice will you give them? The spouses should donate the land for a span of 2 years in equal parts The spouses can donate the whole land during the same year They should donate the land for a span of 3 years in equal parts Kathleen should first donated her portion of the land this year, and next year Chris should donate hisStep by Step Solution
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