Professional Documents
Culture Documents
Exercises On Estate Tax
Exercises On Estate Tax
Exercises On Estate Tax
F M V Consideration
At transfer At Death Received
Revocable Transfers
Land P4,000,000 P5,200,000 P3,000,000
Car 1,000,000 -0- 600,000
Shares of stock 500,000 300,000 400,000
Bonds 200,000 200,000 250,000
Resident Decedent
Shares of stock:
Domestic corp deposited in safety deposit bank in HK 200,000
Foreign Corp, 80% of its business is in the Phils 100,000
A citizen of Malaysia, residing in Kuala Lumpur, with properties in Malaysia and the
Philippines, had the following properties at the time of his death.
The decedent was citizen and a resident of Nepal left the following
Properties ( at Fair Market Values)
Assume that Nepal has no Estate tax on succession.