Estate Tax Return Computation

Mr. Juan Dela Cruz, married, died on February 4, 2019 leaving some properties to his family. His
administrator asked for your help in accomplishing the estate tax return of the decedent. Given
below are some of the information about Mr. Dela Cruz.

Taxpayer: Estate of Dela Cruz, Juan Santos

TIN: 123-456-789 RDO: 077
Bacolod City Date of Death: February 4, 2019
Address: Brgy. Mansilingan, Bacolod City
Administrator: Jerry Cruz TIN of Administrator: 789-456-123
Contact No: 434-1234 Email Add: j.cruz@gmail.com

Properties and deductions of Mr. Dela Cruz:

Exclusive Common Land 2,500,000.00
Family Home 4,750,000.00
Car 2,500,000.00
Other Personal Properties 3,569,000.00
Deductions:Claims against the estate 870,000.00
Unpaid Mortgages500,000.00
Losses during settlement of estate 340,000.00

Details on the real properties:

Property TCT No. Tax Dec. No. Location Area Classification

Land TCT 56723 Tax Dec. 023-3234 Don Salvador Benedicto 1000sqm Agricultural
Family Home TCT 56724 Tax Dec. 103-3235 Brgy. Mansilingan

Common ( Conjugal or Community ) Properties Exclusive Common Total

Land 2,500,000
Family Home 4,750,000.00
Car 2,500,000.00 7,250,000.00
________________
Other Personal Properties 3,569,000.00 _ 6,069,000.00
Gross Estate 6,069,000.00 7,250,000.00 13,319,000.00

Less: Deductions
Ordinary Deductions
Claims against the estate 870,000.00
Unpaid Mortgages 500,000.00
Losses during the settlement of estate 340,000.00 _______________
Total Conjugal Deductions 1,710,000.00 1,710,000.00
Net Conjugal Deductions 5,540,000.00
Special Deductions
Family Home 2,375,000
Standard Deductions 5,000,000
Total Deductions 9,085,000
Net Estate 4,234,000.00
Less: 1/2 share of surviving spouse
Gross Conjugal or Community Estate 7,250,000.00
Conjugal or Community Estate 1,710,000.00
Net conjugal or community estate 5,540,000.00
Share of surviving spouse(5,540,000/2) 2,770,000.00 2,770,000.00
Net Taxable Estate 1,464,000.00

Tax Due 6% 87,840.00