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1. Transfers subject to estate tax. Mando died of an illness on December 31 leaving thefollowing properties:

Condominium unit in California, !" P 1,#$$,$$$%amil& home near 'C(", )ue*on Cit& 1,+$,$$$Car in the Philippines #,$$$

-ewelries $,$$$!hares of stoc/s with Mala/as Corporation 0,$$$Proceeds of life insurance, estate is the irrevocable bene2ciar& 3$,$$$esthouse in 4aga&ta& Cit& 1,$$,$$$

"dditional data:a.During his lifetime, he sold a one hectare idle land to Maganda for P1$,$$$. Mar/et value

on the date of sale and at the time of death were P+$$,$$$ and P+$,$$$, respectivel&.b. 4en da&s prior to his death, he donated to Cariso a motorbi/e worth P+$,$$$.c. 4he condominium unit was inherited from his father three 536 &ears ago. 7is father8s will

indicate that M"ndo8s will can appoint onl& an& of his children as his heir.d. " resthouse in 4aga&ta& Cit& worth P1,$$,$$$ was revocabl& donated to him b& his friend.

7is friend8s will failed to indicate that he shall inherit the propert& upon death.e. " 2vedoor apartment worth P3,$$$,$$$ was donated b& him inter vivos to his son, Donato

but set up a condition that he shall be entitled to its income until his death.

Compute the gross estate on the estate of Mando.

#. Gross estate of resident or citizen. "lintana, died leaving the following properties:esidential house in Mari/ina Cit& P #,$$,$$$Car in the Philippines $,$$$%arm in (aler, )ue*on 1,#$$,$$$!hares of stoc/ in Campus 4rading Corp., a domestic corporation $,$$$Condominium unit in ancouver, Canada +,$$$,$$$

4ime deposit in a Canadian (an/ #$,$$$

COMPUTE the gross estate of Alintana if she was a:a. %ilipina residing in Mari/ina Cit&.b. %ilipina residing in ancouver, Canadac. Canadian permanentl& residing in the Philippines

3. Gross estate of a nonresident alien. ;ngeland, a (ritish citi*en, died while domiciled in<ondon. 7e left the following properties:

7ouse and lot in <ondon P 3,$$$,$$$7ouse and lot in Manila #,$$$,$$$!hares of stoc/ in a (ritish Corp. #$,$$$!hares of stoc/ in a Philippine Corp. 1#,$$$!hares of stoc/ in a 7ong/ong Corp. operating and managed in Ma/ati10,$$$"ccounts receivable from a %ilipino debtor $,$$$Proceeds of a revocable life insurance polic& issued b& a Phil. =nsurance compan&

1$,$$$Proceeds from a life insurance polic& issued b& a ! Corporation $,$$$!avings deposit in a Manila (an/ +,$$$!avings deposit in a 'ew >or/ (an/ 9$,$$$<ease contract over his <ondon apartment rented b& the Phil. Consulate3$,$$$

COMPUTE the gross estate assuming:a. 4here is reciprocit&b. 4here is no reciprocit&

+. Intangibles of a nonresident alien. -imm& !haolo, a citi*en and resident of <antau =slands,7ong/ong, died leaving the following properties in the Philippines:

!hares of stoc/ in <o ?ao Corporation, a foreign corporation,

+$@ of its business is in the Philippines P 1#$,$$$!hares of stoc/ in Po <u 4an Corporation, a foreign corporation

@ of its business is in the Philippines ##,$$$(onds issued b& 4si 4sa Compan&, a foreign corporation with

business situs in the Philippines $,$$$%ranchise eAercised in the Philippines #$$,$$$

HOW MUCH is the gross estate assuming that the foreign countr of which he was a residentor citi!en:

a. Does not impose a transfer taA.

;Aercises in ;state 4aAation "mpongan



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b. Does not allow eAemption from transfer taA on intangible personal propert& owned b&%ilipinos not residing in that foreign countr&.

. Classication of property. emelisa, married to nico, died leaving the followingproperties:

eal propert& in 'aga Cit&, brought into marriage b& emelisa P3$$,$$$=ncome of real propert& in 'aga Cit& #,$$$eal propert& in Caua&an Cit& brought into marriage b& nico +#$,$$$=ncome of real propert& in Caua&an Cit& #,$$$eal propert& in Davao Cit&, earned b& emelisa during marriage 0$,$$$=ncome of real propert& in Davao Cit& #3,$$$eal propert& in Cebu Cit&, acBuired b& nico during marriage #$,$$$=ncome of real propert& in Cebu Cit& 9$,$$$

4angible personal properties in "ntipolo Cit& +,$$$=ncome of properties in "ntipolo Cit& +,$$=ntangible personal properties in !ingapore, inherited b& nico during marriage

$,$$$=ncome of intangible personal properties in !ingapore ,$$$

4angible personal Propert& in Dapitan Cit&, inherited b& emelisa before marriage

3#,$$$=ncome of propert& in Dapitan Cit& 1,$$=ntangible personal propert& in -apan inherited b& nico before marriage$,$$$=ncome of personal propert& in -apan 0,$$$

"E#U$"E%:1. Classif& the properties into:

a. ConugalCommunit&b. ;Aclusive of the decedentc. ;Aclusive of the surviving spouse

#. Compute the gross estate assuming the spouses are governed b&:a. "bsolute communit& of propert& regimeb. Conugal partnership of gains

. Absolute community property. Ene wee/ prior to his scheduled marriage, Mann& receiveda house and lot worth P#,$$$,$$$ as a wedding gift from his mother. "fter a &ear, heinherited a farmland valued at P,$$$,$$$ from his father. During marriage, he acBuiredproperties worth P0$,$$$ while his wife earned P1#,$$$ out of her salar&. Which of thea&o'e properties &elong to the communit propert of the spouses(

0. Conjugal partnership of gains. -ul& married top "pril, died on December 1 leaving thefollowing properties:

"ntiBue collections acBuired b& "pril while still single P#0,$$$acation house in (aguio Cit&, purchased b& -ul& before the marriage1,9$$,$$$Car purchased b& "pril out of her eAclusive propert& +$,$$$"partment house eAclusivel& owned b& "pril 3,$$,$$$

ent income on the apartment house #,$$$7ouse and lot, acBuired out of conugal funds, registered in the name of -ul&#,#$,$$$Finnings in lotto ,$$$,$$$!avings deposit earned from the salar& of -ul& #$,$$$

HOW MUCH is the gross estate of )ul under the con*ugal partnership of gains(

. Property relationship of spouses. Mar/ and Mahalia, husband and wife, have the followingdata of ownership and obligations:

Cash P#$,$$$"ccounts receivable 0,$$$Car inherited b& Mar/ before marriage 3$,$$$Car purchased b& Mahalia during the marriage $$,$$$

%ishpond acBuired b& Mar/ when he was still single #$$,$$$ -ewelries bought b& Mar/ in 7ong/ong for his wife $,$$$esidential house and lot received as gift b& Mahalia from her parents. 4he deed

eApressl& provides that it shall form part of the propert& of the spouses1,$$,$$$Properties for eAclusive use of Mahalia 0,$$$Properties for eAclusive use of Mar/ 1#$,$$$(each resort acBuired b& Mar/ during marriage +#$,$$$Cash brought into marriage b& Mahalia 13$,$$$(an/ loan acBuired b& Mahalia during marriage to 2nance the




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renovation of the house 1$,$$$Mortgage on 2shpond acBuired b& Mar/ to 2nance its operation 0,$$$

HOW MUCH is the gross estate of Mar+ if the spouses are go'erned &:a. "bsolute communit& of propert& regime.b. Conugal partnership of gains.

9. Conjugal partnership of gains. (ased on the following data, compute the gross estate on

the estate of "donis:Car for eAclusive use of "donis 5purchased out of conugal funds6 P +$,$$$%amil& home 1,#$$,$$$!avings account with Metroban/, obtained thru the labor of his wife,

(etania during marriage #$$,$$$Cash obtained during marriage from eAercise of his profession 1$,$$$=nterest on ban/ account with Metroban/, net of #$@ income taA #,$$alue of cattles, per head 5# heads6 1$,$$$

'ote: (efore the marriage, the number of cattles owned b& "donis was onl& 1 heads.'et winnings in ueteng 5losses incurred, P+,$$$6 #$,$$$7ouse and lot inherited b& "donis from his father before the marriage1,$,$$$

-ewelries inherited b& (etania from her mother, acBuired during the marriage1#$,$$$

Passenger eepne& purchased b& "donis out of his eAclusive propert& 9$,$$$=ncome earned on eepne& ,$$$

1$.Absolute community of property. 7ow much is the gross estate on the estate of "lvarado,assuming he was under absolute communit& of propert& regimeG 7ow about if he wasgoverned b& the regime of complete separation of propert&G

Mar/et value of 1,$$$ shares of Made DiHcult Corp, inherited from hisbrother during marriage 5value upon inheritance, P+,$$$6 P #$,$$$

"partment house inherited from his mother before marriage #,$$,$$=ncome of "partment house $,$$$?old nec/lace for eAclusive use of "lvarado #$,$$$!hare in conugal propert& for a previous marriage 5childless6 1,+$,$$$

=ncome of conugal propert& 9,$$$%amil& home acBuired thru eIorts of "lvarado 9$$,$$$Cash savings b& (uena, wife ,$$$!ole proprietorship business donated to (uena b& her parents before marriage

#,$$$=ncome of sole proprietorship business ,$$$

11.The couple liing together are not dis!ualied by an impediment to marry eachother. "gustin, single, living under a commonlaw marriage with 4eresita, widow, died. 4hefollowing properties and rights were acBuired b& the couple:

!alar& of "gustin P +$,$$$!alar& of 4eresita $,$$$7ouse and lot acBuired b& spouses 1,+$$,$$$

Car, obtained b& 4eresita before cohabitation $$,$$$iceland, acBuired b& "gustin before cohabitation #$,$$$(an/ deposit of couple 5share of "gustin J $@6 1#,$$$<ot acBuired b& spouses 5donated b& "gustin to 'icolas against the will of 4eresita6

#$$,$$$

"E#U$"E%: Compute the gross estate of Agustin.

1#.The couple liing together are dis!ualied by impediment to marry each other. !am(. "ero, , married to Pa* '. Ciosa, $ &ears old, cohabiting with Miss 4ress, #3 &ears old,his oHce secretar&. =n %ebruar& 1+, #$$9, !am died leaving the following properties:

Properties acBuired b& !am and Pa* during marriage P 3,+$$,$$$Parcels of land inherited b& Pa* from her parents during marriage #,$$,$$$

'atural fruits on the land inherited #$,$$$7ouse in )ue*on Cit& inherited b& !am from his parents before marriage1,$,$$$Condominium unit bought b& !am as gift to Miss 4ress 1,$$$,$$$

-ewelries bought form salar& of Miss 4ress #$$,$$$"ppliances inside the condo 5$:+$ share b& !am K Miss 4ress, respectivel&6$$,$$$

-oint deposit of !am and Miss 4ress ,$$$

"E#U$"E%: Compute the following:a. ;Aclusive propert& of !amb. Conugal propert& of !am and Pa*




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c. ?ross estate

13.Gross estate. 4ina Posh, the sole descendant and relative to her mother, 'at& Posh,inherited the following properties from the latter on -anuar& , #$$:

7ouse and lot near the compound of Eur <ad& of the Pillar College in Caua&an Cit& P1,3$$,$$$

4en hectare pineapple plantation in (u/idnon 1,$$$,$$$(ene2ts from the ?!=! #$$,$$$Cash #,$$$

4ime deposit with Metroban/ 1$,$$$ -ewelries 3,$$!econd hand trimobile purchased from ?ina Posh 0$,$$$"ntiBue collections 3+,$$$" boo/store near niversit& of !an Carlos 0$,$$$!hares of stoc/s 51,$$$ shares6 in (a&ani Corp. 1$,$$$

"dditional data:1.=n #$$, 4ina inherited the na/ed title over the plantation in (u/idnon from her father

while the usufruct went to her mother.#.4he antiBue collections were previousl& inherited b& 'at& from her antiBue collector

father. 4he will of her father stipulated that upon her death, the& shall be inherited b& 4ina.

3.4he will of 'at& provided the following:a." #$ sB. m. lot worth P$$,$$$ at the bac/ of 'otre Dame of Marbel niversit&

shall be donated to the Cit& of Loronadal for public purpose.b." time deposit with P'( amounting to P#,$$$ shall be donated to 7ospicio de

!an -ose, to be used eAclusivel& for charitable purposes.+.En December 31, #$$, the (oard of Directors of (a&ani Corporation decided to declare

dividends of P1.$ per share on stoc/holder of record as of -anuar& #1, #$$9.

"E#U$"E%: Compute the gross estate on the estate of ,at Posh.

1+. "udicial expenses. (ased on the following data, how much udicial eApenses is deductible

from the gross estate of the decedentG;Apenses incurred for the collection of assets and pa&ment of debts P0,$$$"ttorne&s fees 5+$@ were incurred after siA months from the death of

the decedent6 #,$$$"ccountants fees ,$$$;Aecutors commissions 1$,$$$Premiums paid b& administrator on his bond, being eAclusivel& for his account#,$$"ppraisers fees +,$$$"ttorne&s fees for services to individual legatees 1#,$$$Compensation paid for services of trustee ,$$$Court costs 1,$$$

1.#anishing deduction and transfer for public purpose. ; (iga&, inherited propert& fromhis father in #$$0. =n #$$9, he died leaving a will which provides among others that he isdonating the inherited propert& to his baranga& for use as site of the satellite mar/et. Can heclaim vanishing deduction on said donationG

1.#anishing deduction. "mata died in #$$ leaving one hectare of land worth P#$,$$$ tohis son, "nacleto. "fter oneandhalf &ears, "nacleto died. 4he value of the propert& at thetime or has appreciated to P3$$,$$$. "t the time of "mata8s death, the propert& wasmortgaged for P$,$$$ of which "nacleto paid P$,$$$ prior to his death. 4he gross estateof "nacleto was P#,$$$,$$$, while the total allowable deduction was P0,$$$ which includesmedical eApenses of P0,$$$. Compute the vanishing deduction in the estate of "nacleto.

10.$amily home. 7ow much is the deductible amount of famil& home each of the following

separate situations:Case alue of %7

1 P #,$$$ $$$# #$,$$$

"ssumptions:a. Decedent is an unmarried head of a famil&.b. Decedent is married. 4he famil& home is an eAclusive propert&.c. Decedent is married. 4he famil& home is a conugal propert&.




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d. Decedent is married. 4he famil& home is composed of the house and the lot. 4hirt&2vepercent 53@6 of its value is a communit& propert&.

e. Decedent is married. 4he famil& home is composed of the house 5communit& propert&6and the lot 5eAclusive propert&6. !event& 50$@6 of the value of the famil& home pertainsto thehouse, while the balance pertains to the lot.

1.%onresident alien decedent. %rom the following data, compute the net taAable estate of'a/imura, single, a -apanese residing =n !apporo, -apan:

Properties:7ouse in !apporo, -apan P#,$$,$$$Personal properties in -apan 1,$$,$$$eal Properties in the Philippines 3,$$$,$$$

4angible personal properties, Philippines 0$$,$$$

Deductions:%uneral eApenses incurred abroad #3$,$$$

-udicial eApenses in the Philippines 9$,$$$Claims against insolvent persons in -apan +,$$$

Ene month prior to his death, he was con2ned at Chinese ?eneral 7ospital for 2ve 56 da&s.7e spent #3,$$$. "nd then, he was transferred to a hospital in !apporo where he wascon2ned for two 5#6 wee/s. 4he hospital bills in !apporo hospital totaled P1+,$$$.

19.&hare of suriing spouse. -ose, married to '&mpha, died leaving the following properties:Communit& propert& P#,$$,$$$;Aclusive propert& 0#,$$$Propert& eAcluded from gross estate 0,$$$Charges against communit& properties 3,$$$Charges against eAclusive properties $,$$$!tandard deduction 1,$$$,$$$

7ow much is the deductible Nshare of surviving spouseNG

#$.Computation of net estate. (ased on the following information of the estate of Mr. ?il:Conugal properties P#,3+$,$$$;Aclusive properties #,#$,$$$"ctual funeral eApenses 1#$,$$$

-udicial eApenses +,$$$Claims against eAclusive propert&, not notari*ed 3$,$$$Claims against conugal properties, notari*ed ,$$$

REQUIRED: Compute the net estate su&*ect to ta- of Mr. il.

#1.%et estate. Mr. -uan (asco, %ilipino, married and resident of Caloocan Cit& died intestate. 7ewas survived b& his wife %idela and two children. 7e left the following estate:

E-clusi'e real estate:<and, $$ !B. M. with fair mar/et value of P 1,$$$,$$$<and, #$$ !B. M. with fair mar/et value of $$,$$$

4his land, #$$ !B. M. was donated b& the decedent to his brother, -ose (asco, thedonation to ta/e eIect upon the death of the donor. 4he donors taAes were not paid.

Con*ugal real estate:

esidential house and lot 5famil& home6 with fair mar/et value of P#,$$$,$$$.

4his real estate is mortgaged for P1#$,$$$ in the ban/ and at the time of death themortgage is unpaid.

Con*ugal personal properties:

Miscellaneous personal properties with %M of P $$,$$$ 4ime deposit in ban/ $,$$$

4he time deposit is a oint time deposit. 4he codepositor is the decedents brother, -ose(asco.

4he actual funeral eApenses amounted to P1$,$$$. 4he udicial eApenses amounted toP$,$$$.




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'()*I'(+, " statement showing the gross estate, deductions and amount subect to estatetaA on the =ntestate ;state of -uan (asco.

##.%et estate. Mr. Matias Punla, %ilipino, resident of )ue*on Cit& died on December 31, 7e wassurvived b& his wife, and three 536 children, "n inventor& of his estate as of December 31shows the following:

eal estate:

Commercial sand, +$$ sB, M. with %M of P1,+$$,$$$esidential land, $$ sB. M, with %M of #$,$$$esidential house, with %M of 1,3$$,$$$%ishpond, # hectares with %M of #$,$$$

Personal propert&:Motor vehicles, with %M of 1$,$$$

4ime deposit with the P'( 9$,$$$Ether personal properties $$,$$$

4he commercial land, +$$ sB, M. is the eAclusive propert& of the decedent and is pledgedas a collateral to a mortgage loan from the P'( obtained on "pril 1 in the total amount ofP#$$,$$$ at 1@ per annum. 4he loan and accrued =nterest are not paid at the date of death

of the decedent. 4he rest of the estate is conugal. 4he residential land and the residentialhouse 5which pertains to the famil& home6 are mortgaged at the Metroban/ for P3$$,$$$. 4heunpaid balance of the mortgage loan on December 31 per certi2cate of the ban/ is P##$,$$$.

4he actual funeral eApense is P,$$$ and the udicial eApense is P1,$$$,

'()*I'(+, Prepare a statement showing the gross estate and deductions and the amountsubect to estate taA as of December 31.

#3.$air mar-et alue and insurance. En Ectober 1, N"N, %ilipino citi*en and a resident ofManila, died intestate leaving his wife N(N and his two legitimate children, NCN and NDN. 4heestate of the deceased consisted of the following:

eal propert& conugal

7ouse and lot 5famil& home6 Manila. 4his propert& has an assessed value of P#,$$,$$$ atthe time of death. N;N, a neighbor made a formal oIer to purchase said propert& from N(N; for P#,9$$,$$$ on !eptember 3$.

Personal propert& conugal

4he total value was placed at P1,$$,$$$, which included proceeds of an irrevocable lifeinsurance polic& of P1$$,$$$ from Phil"m <ife =nsurance Compan& ta/en b& N"N during hislifetime, with N(N as his bene2ciar&.

4he following deductions were claimed b& the heirs:a. %uneral eApenses P 1$$,$$$b. Claims against the estate, notari*ed 0,$$$c. <osses incurred in the settlement of estate#,$$$

'()*I'(+, 'et estate subect to estate taA.

#+.%et estate. Fong, died intestate on !eptember 11. 7e left the following:

eal estate, conugal:7ouse and lot Manila 5famil& home6 P1,3+$,$$$7ouse and lot (ang/o/ #,#$$,$$

Personal properties, conugal:Domestic shares 13$,$$$

4aA free D(P bonds 3$,$$$7ousehold appliances in Lampuchea 1,$$$

eceivable, debtor residing in Manila, insolvent #,$$$

eceivable, debtor in Lampuchea, insolvent 3,$$$

;Apenses claimed:Cost of cemeter& lot +#,$$;Apenses of interment #$,$$$"ccounts pa&able, notari*ed $,$$$Mortgage on house and lot in Manila 0,$$$Mortgage on house and lot in (ang/o/ $,$$$

'()*I'(+, Compute the following:




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a. Conugal propertiesb. ?ross estatec. 4aAable net estate

#.#aluation of property. ;rnesto 4orres died on March #$ leaving to his heirs, a wife and twochdreu, the following properties:

a. %amil& home, bought b& the spouses at a cost of P$$,$$$, having an assessed value of

P$$,$$$ and a fair mar/et value of P1,$$,$$$.

b. <and, inherited b& his wife, with an assessed value of P1,$$,$$$ and a mar/et value of P#,$$,$$$.

c. #,$$$ shares of ?old Mining Corporation, having a boo/ value of P1$ per share, purchasedat P1 per share, and now selling for P#$ per share at the stoc/ mar/et.

d. " rice mill inherited b& ;rnesto from his father consisting of the machiner& and thebuilding worth P1,$$,$$$.

e. ?!=! life insurance proceeds of P#$,$$$.

4orres had an outstanding obligation to the ban/ of P3#,$$$. 4here is a P#$,$$$ mortgagewhich came as part of the land inherited b& his wife from her father. (oth obligations hadbene2ted the conugal partnership of the spouses. 4he actual funeral eApenses of Mr. 4orresamounted to P+$,$$.

'()*I'(+, Compute the net taAable estate.

#.+eductions. Filson died in a car accident. 7e died intestate on Ectober 1$.

;Aclusive properties of the wife:Car P

+$$,$$$<ot in )ue*on Cit& #,$$$,$$$Ether real and personal properties $$,$$$

Conugal properties:

Cash on hand and in ban/ $$,$$$eceivable as pri*e in a raOe contest sponsored b& P=CP" $,$$$eceivable from an insurance compan& where his son, ?ino was designated in the

polic& as the revocable bene2ciar& 1$,$$$7ouse and lot in !ta. osa, <aguna, used as famil& home 1,9$$,$$$Ether personal properties $$,$$$Ether real properties 1,$$,$$$

4he following deductions were claimed:%uneral eApenses P 19,$$$

-udicial eApenses 1,$$$Claims against the estate, not notari*ed $,$$$

Claims against insolvent persons 3$,$$$npaid mortgage on lot in )ue*on Cit& #$$,$$$npaid mortgage on house and lot in !ta. osa, <aguna 3$,$$$"ccrued income taAes 3,$$$=ncome taA on income earned from Ectober 11 to December 31 of the same &ear 0,$$

'()*I'(+, Compute the estate taA due.

#0.egacy. Minerva, single but head of the famil&, a resident of Caga&an de Ero Cit&, died,leaving the following properties and obligations:

7ouse and lot in Caga&an de Ero, used as famil& home P1,$$,$$$7ouse in Manila #,#$$,$$$Proceeds from Philamlife insurance, pa&able to her mother as the irrevocable bene2ciar&

3$$,$$$!hares of stoc/ of ;.4. Compan&, ,$$$ shares, par value P$ per share. 4he shares were

traded at the stoc/ eAchange at the time of death as follows: 7ighestP11$ <owestP1$.

4he eAecutor had claimed the following as deductions:%uneral eApenses P 13,$$$

-udicial eApenses #,$$$<egac& to the Philippine 'ational ed Cross 1,$$$<egac& to Qavier niversit& for scholarship +,$$$




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Pa&ables to erba Corporation, notari*ed $,$$$(eBuests to the poor as provided in her will 1$,$$$"mount received from emplo&er as a conseBuence of the death of Minerva$,$$$

'()*I'(+, Compute the estate taA due.

#.#anishing deduction. -err&, widower, ph&sician, an emplo&ee of (icol Medical Center, diedleaving the following properties:

Cash P 13,$$$Car

$,$$$7ouse and lot 5not famil& home6 9$,$$$Medical eBuipments +$,$$$<and in Camarines !ur, assessed value, P39$,$$$ +,$$$

4he following deductions were claimed:Cremation eApenses P 1$,$$$Cost of coHn #$,$$$;Apenses of the wa/e $,$$$Cost of burial plot and tombstone ##,$$$"ccountants fees ,$$$<oans from ?!=! $,$$$"ccrued taAes on prior &ears income #3,$$$7ospitali*ation eApenses 1,$$$

4he land was inherited b& -err& from his wife who died # # &ears prior to his death. "t thetime of her death, the propert& was valued at P+#$,$$$ and subect to a mortgage of P1$$,$$$ of which P3$,$$$ was paid until his death.

4he car was borrowed from a friend and was used b& him without returning it until hisdeath. =t was registered in the name of the friend.

4he entire accrued taAes on salar& were withheld b& the emplo&er and remitted to the(ureau of =nternal evenue.

'()*I'(+, Compute the following:

a. ?ross estate

b. 'et estate subect to taA and estate taA due.

#9.%et estate /ith anishing deduction. Mr. <ope*, a citi*en resident of the Philippines died.7e was survived b& his wife and two legitimate sons. 7e left the following estate with thecorresponding fair mar/et value as of date of death:

Conugal real estate 5famil& home6 P +,$$,$$$Conugal personal properties +$$,$$$

;Aclusive estate which Mr. <ope* inherited from his deceased fatherwho died # R &ears ago:a. +$$ sBuare meters land $$,$$$b. Commercial building $$,$$$c. Motor vehicle, car 9$$,$$

4wo &ears and four months prior to his death, the +$$ sBuare meters land 5a6 and thecommercial building 5b6 had fair mar/et value of P$$,$$$ each and were mortgaged forP#$$,$$$. 4his mortgage was claimed as deduction from the gross estate of the deceasedfather and was paid b& Mr. <ope* during his lifetime. 4he fair mar/et value of the motorvehicle, car as of both date of death is the same

4he following were claimed as deductions from the gross estate of Mr. <ope*:%uneral eApenses P 3$$,$$$

-udicial eApenses #$$,$$$Mortgage pa&able 5famil& home6 1$,$$$

'()*I'(+, =ndicate the correct amounts ofa. ?ross estateb. 'et share of surviving spousec. Propert& previousl& taAed

3$.%et distributable estate. ;leanor, resident citi*en, married and under the absolutecommunit& of propert& regime, died on "ugust #$. #$$0. 4he following are the data onproperties and obligations:




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;Aclusive properties of ;leanor:Personal properties P #,$$,$$$%amil& home #,$$$,$$$

Communit& properties:eal properties 1,+$$,$$$Personal properties 1,0$,$$$

4he following were claimed as deductions:%uneral eApenses ##$,$$$

-udicial eApenses incurred until %ebruar& #$, #$$ 3$,$$$ -udicial eApenses incurred after %ebruar& #$, #$$ #$,$$$npaid taAes 1#,$$Medical eApenses $,$$$Casualt& loss occurred 'ovember #, #$$0 3$,$$$Casualt& loss occurred March , #$$ 13$,$$$

'()*I'(+, 7EF MC7 is the net taAable estateG 7ow about the net distributable estateG

31.#anishing deduction 0 community property deduction. ;lopre, married -une , #$$died on "pril #9, #$$ with the following data: Cress estate communit&, P3,$$$,$$$

eAclusive, P#,$$$,$$$. !aid amount includes a land which he received as gift from his father aworth before the marriage, valued at P+$,$$$. 7is father mortgaged the land for P#$,$$$which was paid b& ;lopre. ;lopre mortgaged also said land for P$,$$$ but was able to pa&onl& P#$,$$$ until his death. ;Apenses claimed 5eAcluding the unpaid mortgage6 amounted toP10$,$$$. 7ow much is the net taAable estateG

3#.(state tax credit. ?abb&, died leaving the following:?ross estate, Philippines P#,$$$,$$$;Apenses, Philippines 3$$,$$$?ross estate, nited !tates ,$$$,$$$;Apenses, nited !tates 1,$$,$$$;state taA paid in .!. #$,$$$

'()*I'(+, 7ow much is the estate taA due after taA credit if ?abb& was:

a. esident or citi*en

b. 'onresident alien.

33.(state tax credit0t/o or more foreign countries. Eto&, 2lipino, died leaving thefollowing:

'et taAable estate, Philippines P 9$$,$$$?ross estate, N"N foreign countr& $$,$$$?ross estate, N(N foreign countr& $$,$$$?ross estate, NCN foreign countr& $$,$$$Deductions, N"N foreign countr& #$$,$$$Deductions, N(N foreign countr& $$,$$$Deductions, SCN foreign countr& #$$,$$$;state taA paid in N"N foreign countr& $,$$$;state taA paid in NCN foreign countr& 1$$,$$$

'()*I'(+, Compute the estate taA due after taA credit.


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