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SEC. 8. PROPER PRESENTATION OF FAMILY HOME AND STANDARD DEDUCTION AS DEDUCTIONS FROM THE GROSS ESTATE. – Illustrative examples to properly present the manner of
deducting family home, standard deduction, and other allowable deduction from the gross estate in accordance with the provisions of the NIRC.
Illustrations:
(1) Decedent is unmarried, family home more than P10,000,000:
Real and personal properties P 14,000,000
Less: Deductions
Ordinary Deductions
Special Deductions
(2) Decedent is married, the family home is conjugal property, more than P10,000,000:
Exclusive Conjugal Total
Conjugal Properties:
Less:
Ordinary Deductions
Special Deductions
Spouse
Conjugal Properties:
Exclusive Properties:
Less:
Ordinary Deductions
Special Deductions
Spouse
Less: Deductions
Conjugal Properties:
Less:
Ordinary Deductions
Special Deductions
Spouse
Conjugal Property P23,000,000
Conjugal Properties:
Exclusive Properties:
Less:
Ordinary Deductions
Special Deductions
Spouse
Donations were made on January 30, 2018 at P2,000,000; on March 30, 2018 at P1,000,000; and August 15, 2018 at P500,000.
Total = 2,750,000
Total =3,250,000