Scribd
Upload
46 views1 page

Estate Tax Calculations for 2018 Deaths

The document provides details on the estates of several deceased individuals, including assets, deductions, and questions to determine taxable estates and amounts. It includes examples of Filipino citizens and non-resident aliens with both conjugal and exclusive property being accounted for in estate tax calculations.

Uploaded by

Boke
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
46 views1 page

Estate Tax Calculations for 2018 Deaths

The document provides details on the estates of several deceased individuals, including assets, deductions, and questions to determine taxable estates and amounts. It includes examples of Filipino citizens and non-resident aliens with both conjugal and exclusive property being accounted for in estate tax calculations.

Uploaded by

Boke
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

1.

Z, a resident citizen, died leaving in 2018 the following:


Net estate (before standard deduction):
Philippines P5,000,000
USA 3,000,000
Australia 2,000,000
Estate tax paid:
USA 30,000
Australia 220,000

Determine the estate tax due after tax credit.


P210,000
2. A, Filipino, married, died in 2018 leaving the following:
a. Real property – conjugal P4,000,000
b. Real property – exclusive (A) 2,500,000
c. Family home – exclusive (A) 1,200,000
d. Unpaid medical expenses 600,000
e. Allowable ordinary deductions – conjugal 1,400,000

Determine the net estate subject to tax, and the net distributable estate:
(P 1,200,000); P 4,400,000
3. C, Filipino, married to D, died in July 2018, leaving the following:
a. Real property – conjugal P4,000,000
b. Real property – exclusive (C) 3,800,000
c. Family home – exclusive (D) 1,400,000
d. Allowable ordinary deductions – conjugal 1,200,000

Determine the net taxable estate.


P200,00
4. E, Filipino, married, to F, died in July 2018, leaving the following:
a. Real property – conjugal P5,000,000
b. Real property – exclusive (E) 1,200,000
c. Family home – exclusive (E)- (Lot where the family home stands) 10,400,000
d. Unpaid medical expenses 6,000,000
e. Allowable ordinary deductions – conjugal 1,600,000
Determine the net taxable estate.
P 1,300,000
5. G, non-resident alien, married to H, died in 2018 leaving the following:
a. Real properties in Manila-conjugal P7,000,000
b. Real property abroad- exclusive (G) 1,400,000
c. Real property in Q.C.- conjugal 800,000
d. Personal properties in Manila- exclusive (G) 1,800,000
e. Allowable ordinary deductions- conjugal 2,400,000
Determine the net taxable estate.

P4,000,000

You might also like