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CHAPTER 6
Problem 1
Properties:
>Parcel of Land in California, USA 2,500,000
>House and Lot in Quezon City (Family home) 2,250,000
>Shares of stock in a foreign
Corporation with office
in California, USA 1,125,000
>Car in California, USA 312,500
>Proceeds of Life Insurance, his
son Junior as the irrevocable
beneficiary 250,000
>Bank Deposit 125,000
>Claims Against an Insolvent Person 62,500
Problem 2
Properties
>Fishpond in General Santos City 2,500,000
>Lot in Las Piñas City 625,000
>House and lot in San Juan,
Metro Manila (family home) 593,750
>Honda Car 375,000
>Farm in Nueva Ecija donated
mortis causa to sister 262,500
>Time Deposit 150,000
180,000
ESTATE TAX DUE (3,000,000*6%)
Problem 4
Properties
>Cash in Bank, Makati 1,200,000 1,200,000
>Investment in a Domestic Partnership 1,000,000 1,000,000
>Car 700,000 700,000 700,000
(1,410,000)
NET TAXABLE ESTATE 2,750,000 50,000
or 0
3,400,000 X 0 = 0
4,200,000
700,000 X 0 = 0
4,200,000
CHAPTER 7
Problem 1
Less:Ordinary Deduction
Conjugal deductions
Unpaid Mortgage on 3-unit apt. 300,000
Note Payable, notarized,
maturing on Nov. 30 of the
current year 60,000 360,000
Less:Special Deductions
Standard Deduction 1,420,000
Family Home 1,250,000
Net Share of Surviving spouse
(2,240,000/2) 1,120,000
Problem 2
Less:Special Deductions
Family Home
F.H. (1,350,000/2) 675,000
Lot 500,000 1,175,000
Standard Deduction 2,275,000
Net Share of surviving spouse
(4,100,000/2) 2,150,000
Problem 3
Requirement 1
Conjugal Properties Exclusive Conjugal Total
Personal Property 1,300,000
Apartment and Lot 1,000,000 2,300,000
Exclusive Properties
Land 100,000
Jeep 20,000
San Miguel Shares 300,000 420,000
Problem 6
Exclusive Conjugal Total
Conjugal Properties
Azucarera,Tarlac 1,800,000
House and lot,San Juan, Metro Manila 1,350,000
Investment in a domestic partnership 400,000
Personal property 160,000
Cash in Bank 200,000 3,910,000
Exclusive Properties
2-door apartment, Quezon City 1,135,000 1,135,000
Problem 8
Exclusive Conjugal Total
Conjugal Properties
Real Properties 3,800,000
Family Home 2,500,000 6,300,000
Exclusive Properties
Other Exclusive properties 2,200,000 2,200,000
Problem 10
Exclusive Conjugal Total
Conjugal Properties
Real Properties 3,300,000
Family Home 1,100,000 4,400,000
Exclusive Properties
Other real properties 2,200,000
Family Lot 450,000 2,650,000