et a wens emcee” asic ret “2 Which i sabjoct eo ponation a Sale Loan canton ONSEN ae 3 Apert rele of he DOPE sa ik air value of the property. me 2 been oft POPE Fei eden oneal hese 4 cette characterized BY 2 fosenc afconsieration oe fadeantecosieron 1 Pheenee inadequate consideration Presence of 4 Aanic |5- Transfers foc fill or adequate consideration is subject to 2 ncome tx ‘cBoth Aand B Transfert {NeltherAnor B 6 Trane for inadequate consideration is subject to a ncome tax ‘Both Aand B Transfer tax 4 Neither A nor B 7, Thetranfer for adequate consideration is 2 Exempt rom ransler tax 4 Bempt from income tax Subject to transfer tx 4 Bandc 8 Thegratoscompoent ot transfer for nadequt considerain @ Subject to income tax emp ton ome eae Arne se ma ee ewe remind by so Re ma eae comoted the e yg a Batre or te 8 ee oma, SSwrreme— pt , cnr once aamuogome nema oo or pawns rates frre so a Tax recoupment sbaltofthese 12 hroducton Vane ty sop ro Want tag cosigagemrnri ert snr ge ry re sees wes Sesto too err ynaxtnory statement des the ate deere? wa Srqvasion theory Benet reeved teary [E Tenrecoupmenttheory 4 Wiaithedirbton theory The government enforce the transfer of propery by donation a Bicession. By exercising these privleges, the transferor mist hae to be cna tory does he satenentdecrie? tes evasion theory < Beef recived theory & Taerecoupmenttheory Abit to pay theory ‘The transfer of wealth shouldbe tne so that wil bent the entire ‘rly. Which theory does the statement describe? State partnership theory s, Wealth redistribution theory 4 Abily to pay theory Taxrecoupmenttheary 15, Wealth accumulation could not be possible without the governments Jndirec participation. The transfer of wealth should be subject to tax tecause tis ust far for the government to takeitsjust share onthe wealth ‘The statement describes 3-- State partnership theory c Wealth reistrbution theory Ability to pay theory d-Taxminimizaton theory 16, Transfers ean be structured in such a way to avotd payment of income >. ‘Thus the gratultous component of transfers must be taxed 435sano cote Te aaerae Merateg, iaagesy says Se jc of transfer tax? haan mance Pane 1a Transfer aes ae mak hl es ‘Ad valorem taxes Transaction axes 9. Transfer canes are gressive aes B ndiec anes «Specific axes ¢ Revenue taxes sto transfer tx? 20 woes ‘Both transferor and ransteree B Transterce ‘None ofthese “a. statement Al Philippine transfers are subject to transfer, Samer Alforcgn transfers are subject to transter ee Which statement is generally correct? a ‘a Statement 1 {Both statements B Statement 2 4 Neither statement 22, Statement 1: The amount of transfer taxis dependent upon te, thing transferred. ry Statement 2: Donors tax is imposed upon the properties of ‘while estate taxis imposed on adonor. | hed Which is incorrect? a Statement 1 be Statement 2 ‘Both statements 4 Neither statement ‘Multiple Choice - Theory: Part 2 1, Transfer tax on donation mortis causa applies toa a ‘Natural person © Both A and B Juridical person Neither A nor B 2. Transfer taxon donation inter-vivos applies to a Natural person Both Aand B Juridical person Neither A nor B 3. Which is taxable on all transfers regardless of location? a Resident citizen Non-resident citizen Resident alien dAllofthese 436 ——— = Cream eat ae oeeiageen vs me ems sree detetaen So pope patetsiny AOE cept from Wansterte © subject to transfer tax on Phil Sbjct rant on pa ope Siler ca ahr elt open ten of flowing maybe wero? aan ten £ ESpresaent cic wn wr eee emacs sn opt erp 8 nee el og cm j kengaehecma race beetles en j Macitacpectae ® Which ofthese is subject to tax ony on transfers of properties stated the Philippines? “f aon * ‘citizen of Japan residing nthe Philippines ‘Neen of the Plipines eng Hong on Aetizen of America redinginNare ‘Acitizen of the Philippines residing in the Philippines ange 1L, Which ofthese is taxable on global transfers of properties? ‘A. An American residing nthe Philippines” 1B, AFilipino residingin Malaysia ~ C_ASudanese residing in Babrain . AChinese residing inthe Philipines b. ‘AandB Conly BandD sLABandD 437