Community Exclusive Total

Family Home 3,000,000.00 3,000,000.00

Aparment 5,000,000.00 5,000,000.00
Farm 4,000,000.00 4,000,000.00
Land 3,000,000.00 3,000,000.00
Car 400,000.00 400,000.00
Total Gross Estate 8,000,000.00 7,400,000.00 15,400,000.00
Ordinary Deductions:
Funeral Expenses (200,000.00) (200,000.00)
Mortgage assumed (200,000.00) (200,000.00)
Vanishing Deductions (2,331,818.18) (2,331,818.18)
Transfers for Public Purpose (1,500,000.00) (1,500,000.00)
Net Estate before Special Deductions 7,600,000.00 3,568,181.82 11,168,181.82
Special Deductions -
Standard Deduction (1,000,000.00)
Family Home (1,000,000.00)
Medical Expenses (500,000.00)
Net Taxable Estate 8,668,181.82

Funeral Expenses:
Actual 300,000.00
5% of Gross Estate 770,000.00 (15,400,000 x 5%)
Limit 200,000.00

Computation of Vanishing Deduction:

Time Deposit Land
*FMV of Inherited Properties 2,000,000.00 1,500,000.00
Less: PAID Mortgages - 400,000.00
Initial Basis 2,000,000.00 1,100,000.00
Less: Proportionate Deduction 246,753.25 135,714.29
Final Basis 1,753,246.75 964,285.71
Multiply: VD rate 100% 60%
Vanishing Deduction 1,753,246.75 578,571.43

*Loss of car: NO LONGER DEDUCTIBLE

Reason: carnapped after filing of EstateTax Return
*Inherited Car: NO LONGER SUBJECT TO VANISHING DEDUCTION
Reason: inherited more than 5 years ago
(600,000 - 400,000)

2,331,818.18