Diese Präsentation wurde erfolgreich gemeldet.

02 chapter 3 03 Exemptions from Gross Estate Taxation 2

13

Teilen

Nächste SlideShare
05 chapter 6 donor's tax
05 chapter 6 donor's tax
Wird geladen in …3
×
1 von 8
1 von 8

Weitere Verwandte Inhalte

Ähnliche Bücher

Kostenlos mit einer 14-tägigen Testversion von Scribd

Alle anzeigen

Ähnliche Hörbücher

Kostenlos mit einer 14-tägigen Testversion von Scribd

Alle anzeigen

02 chapter 3 03 Exemptions from Gross Estate Taxation 2

  1. 1. Taxation 2 │ GROSS ESTATE Exemptions from Gross Estate FLABERT VILLASENCIO, CPA Notre Dame of Dadiangas University
  2. 2. Learning Objectives ▪Identify Transactions Exempted from Estate Tax ▪Determine the value of gross estate of with Transactions Excluded from Estate Tax.
  3. 3. EXEMPTIONS TO GROSS ESTATE 1. Merger of usufruct in the owner of the naked title. Father Son A (usufruct) Son B (Owner)
  4. 4. 2. Transmission from fiduciary heir to the fideicommissary Father Daughter A (first heir) Son B (2nd heir) EXEMPTIONS TO GROSS ESTATE
  5. 5. 3. Second transfer as desired by the predecessor Bill Gates Pedro Juan When he get married EXEMPTIONS TO GROSS ESTATE
  6. 6. 4. Donations to social welfare, cultural & charitable • Provided that not more than 30% of gift was used for administration purposes. • Institution only that are duly accredited by Philippine council for NGO Certificate. EXEMPTIONS TO GROSS ESTATE
  7. 7. 5. Reciprocity clause House & Lot in USA P5,000,000 Car in Philippines P1,000,000 Franchise in Philippines P1,000,000 Assuming that Justin Timberlake See Boo, an American and resident of General Santos City, died with the following properties, how much is her gross estate assuming that there is reciprocity in the country? EXEMPTIONS TO GROSS ESTATE
  8. 8. 6. Capital of Surviving spouse • Property owned exclusively by the surviving spouse shall not form part of the gross estate of the decedent. • Exclusive property of husband is called capital, while of wife is paraphernal. EXEMPTIONS TO GROSS ESTATE

×