Assuming Mr.

Yang’s father died March 3, 2016:

Value taken of Property Previously Taxed P 2, 700, 000
Less Mortgage Paid 400, 000
Initial Basis P 2, 300, 000
Less 2nd Deduction 202, 530
Final Basis P 2, 097, 470
Multiply by 20%
Vanishing Deduction P 419, 494
==========

P2,300, 000 X P 4, 350, 000 = P 202,530

P49, 400, 000

Son = 2020 05 20
Father = 2016 03 03
4 2 17 period between deaths.

Gross Estate P 49, 400, 000

Less Allowable Deductions:
Standard Deductiion P 5, 000, 000
Unpaid Mortgage 250, 000
Claims Against the Estate 1, 300, 000
Claims Against Insolvent Persons 1, 800, 000
Transfers for Public Use 1, 000, 000
Family Home 7, 500, 000 16, 850, 000
Taxable Net Estate P 32, 550, 000
Tax Rate 6%
Estate Tax P 1, 953, 000
============

Non-Resident Alien Decedent with reciprocity.

Gross Estate:
Family Home P 7, 500, 000
Jewelry 3, 000, 000
Mango Farm 2, 800, 000
Apartment 8, 000, 000
Rice Fields 4, 000, 000
Fish pond 2, 700, 000
Total P28, 000, 000
Less Allowable Deductions:
Standard deduction P 500, 000
Proportional expenses 1, 909, 500
Transfers for public use 1, 000, 000 3, 409, 500
Taxable Estate P24, 590, 500
Tax rate 6%
Estate Tax P 1, 475,430

P 28,000,000 x (P 250,000+ P 1,300,000+P1,800,000) = 1,909,500

49,400,000