es BRAIN DUMP ror tee oign Cm: leo fe /2Pi om asker ge eae of ote bm ng store She ut ae Caw ~Fortign Tox ceait Limit « ert » G6-10 Abad (Geto) werd = FTC may be opt to be doimed a1 dedecton instead 4 cred nt al perce Abad C1 288 ee eh carota ebtr# 183 Tw tt yet = Domesic 40 Resident ese re apt 88 casey An exe coasniion vanes te fore) Loe ren neh sng ny eee ee net Ee a weed tee bt subject id be red. ‘bork dees prey sinter ince go U84 Float Tx) or een 2 8Y aot cremied:eh = Any neea gro tare with depsony Works undr the eypanaed Any ican pon anne oe et dened aM = ividendn pei red fg Aequokion meet on {imams rn! sf oes ce) Leer rel te tory eve Neh open LSS UP fet sotren Year 1 pea Peakerenetendy riley e485 Peak * pepe st Git cee erred ot te sat oval tld, “ee the Props ben sutttes10 ABT Me some ca oon be aed WAT seer ase fe let ded eels onieg ie npelch of 14t1 rats rgr rewe ben sult Winer went afte fs Gradina, oat revere vty Se eetetinegnd Inpeed wd Hot Top cade eet M8 Isto me ie reepent nt eePaitnerstye. Co-Oumetsliys, Joint Venu PARINERSHIP WNERSHIP. Taxable Exempt Taxatle “reusiness) | Gero an cae Proper formnership Pe cine Partnership aed a 3011 Tena! SOP! toners: GFP: OF OWT set share ° OP: Finoi Tax :: GPP" tosable IncomeGENERAL PROFESSIONAL ARTWERSH LaBILiTiEs GENERAL CO- PARTNERSHIP GENERAL CO-PARTNERSHE “egaly contemplated at carnations LySindemp rei set to coro 107 Inadusl pariars ar cone etc and thretor. pais detribated vem by The PEMEGhgae tone oe sede lve ava ingore for asaya, dng the creat ice at Impatient not subject te income fae required tog rturs of the ‘ngome for he purport o ur injomoton ws ete tan cach partner i nent gan fraps her eth porter anal freuen msgs 0 he pot ea 0 0f *8 veo 0g ie inca ioe po stb Sal camped ne same tmamer af cogonon fase ing oe rou oy 4 aoe ol wheter aca 4 ops EOE onto oom hobs i eae non ch 2 Ee ep tae tM eee tt da epaN a GU hS darted Jean pr boc vhs a8 RD t aed a torn rx nw sib Poteet sme ng W Nel fame Ta Joan ss rave been ool sareruve rect te pres in he same fasale year and sal et Bint rns) efor) ee toad rowed oot wre eg ton 13 compared ond ted xe tae @ oro come rf farmer in ioe mae) ss ee Nh Be Sa BF ane nau Conia ef EI NRANETS = 267 tote do qorier te my eran x acer 5 fog erie sets nn a we Ni Feared 108 9 quar ely congoraté income rn “yihag ana pane uote wii 60 day one Rega eaee quake nid te anual 9 Testa g koe fe fran by th ideusd, : GPP vs. OP W) Compute the Net share ef o Parmer, net of t0% CWT (2) Compute the Taxable Income +f the Fortner = Get Share from Gross income (Saks GOS) ‘Add with Gl from own Business ip deduction Is a Nemized, 61 ¢com 0 below is Allowable oedvertons 1b, 080, Gross Sales i presented ond oD is 404, Geass Sales Cexc. Gt ro GFP) GanCompuie nit using "Indvviduat taxpayer Gradveted Tax Table” Cap Deawct TC ce. 0H: CWT from Shep!) 40 OEY TY oF the Partner af that Compute Tas due of OF Cao ef 10) (2) Compute Osiributabie Income of OP C71~ITO) (8) Combine Distributable She of Partner we! other {ncomé Ga compute the net Shore ofa Partner, ner af OY FTEstaler § Trusts, 7 i ; EARNERS DECEDENY nein its Indiv “4 ST BENEFICIARY {2. Corporation” | Imcorme ¢ Gross of OWT a. Pacinesshie | | Geet oes a. Estores t ass Incorn stra ob iemed Cereton sig ther is more man trust Distributed ta prejare"Corwo Trvat"coluro Allowable 0 Special Deduction . Taxable income Ive ag credits CONT? fining ox Torob Income wards Notes! More income nay for 9 month go onnuatie Caras af ONT Hf 6%) 2 eedhag Sates shold cctade non-aadcnbe er7ene8S > tatlged income may be os percentage vf NI (QI) searmtted income should came fom the income af He estat ond 80! from the dezedentS estare -attanpuie peda = 2016 BPE = £0000 ¥ AE" 15000 /deyendom, > Spectah bedi 207» 20,000 J No No 3310 for 308 enmardt FT jae we tndeidual Taxpayer Tas Table. Coheckyear)UNDER JUDICIAL SETTLEMENT GR: Subject to tncom® Tos in the Some motiner ap Individuals iis stotus is the same as the Status of the decedent prio tohis death : EX: 1) No additional personal exemgtion is allowed G2) The distribution to the itis dusing the toxcble Yeo estate incame 15 deductible from the toxabie Moms of the eSiale. Such distributed sacoms shall form pact of tho respective eles" anabia sicome When io such distribution to ane hele ts made ducing the fanovie fear thot tne income 15 subjecled to scone tf poyenens bythe estate , he subseqMett disinbyman tere FS mo longer taxable on the port of hE recipient ¢ C5¥ears 3 NOT UNDER JUDICIAL SETTLEMENT Pending the eslrajudizial settement,esher a the ff situations roy aise (9 Ifthe heirs contribute movey. property o industry 40 the estate) Ueitnnon Wf drding me pois tutenfomen tems ‘an unregistered portnerdhp iS created an) fhe ENON becomes Fiabe forth payment of CORPORATE Wea TRY (22 1p tre eles, wfo corouting money. roPey wm industry to tne state eimply diide tne Gris rere bene among themsel'5, CO-SWNERIHP IS CREATED amd INCOME TAK 1 ICO en she Tncome ceceved by ech of Hoe hers, poyanie in ‘hele Separate fond iadiad ual opaaly La yeaesyTRUSTS op TAXABLE ENTITIES (A inast the income of lis to be accumulated BA toast ia le the gidbetary may, ats Ascrehon, ener distebule accumulate she income RULES on TAXABILITY of the INCOME Af 0 TRUST > The income of he 406 for tne taxaole yeor wo to D6 Woecbuwed ee bones ror efoto ve serhinag's poyment sf Has lit om the keneicianes ng ingore of te tanh fo t6 to be accumujared a held bo {ire aan es erg ‘ordinary income rors eau of 2500 cated i he carpus She esate corput” of reeling af fetuen and payment ta» became Ane burden of Fhe ciee w vent LRREVOCAGLE TRUSTS. Chat yt compe and ax intr ~ pe an et ly, Ne Fe yet . and py yo tr Pe ES ¢ Eventhough partners’ sha tS are. sub) 1 the partnership Sl needs 48 fie 1 Fen crm ot wea ecru etn ay Las eu ener pment she ein aah nt i ica ltt Te mae ee rated net a a eee ase imate pap AERINGE BENEFIT TAX Te final income ‘a7 onthe employee which shall be wield an Ta es eee 3 FRINGE BENEFIT ageed ere otter wre wished arated 7 On amy andrew og agin fo bate sls 9 enrol LIABLE 10 FBT ‘=r Employer Car withhsiding agen!) ‘TAX BASE of FBT. > GROSS MONETARY VALUE (6MV) ROSS Ay Atpica reales by the employee wich Ince he net amp af maney we money volut property wich Was een rece tne onto Fan tert ere oot from te employee ee oy tb employer for aia Eehaf of tr# CYP 2018 onward Ge “ NRANETE (Adee!A) 15 “25 wire aur 95% BL Toya Special Alena mags eer | IWATURE b TREATMENT of E87 vudacite tram he eoxale ince of MF Cmelyer events RULE Mir euro osu gt eh BT eho vee flowable The attons rd aise come of re omer eEPtCN Pinta fo compurahon of FOr tthe dereiakn VON, He eae Tats ont he aetal TB pad ha omMRE trues pence Ht empe7FRINGE BENEFITS NOT SUBJECT & FBT 4. Ip it is required ov necessary 0 ine business ef employer 2. Ip it is for te convenience dn advontagt eb employer 2. Fringe Benefits wfe are auinoszed ¥ exempled under sfec01 laws, such as the 13" momth pay and other Benes with te cling of 90.000 |. Benepis given to the Ronk-ond Fe Employes wether grantea under 0 CEA an nt 5. The Oe minimis. Benehi? UMMARY COMPUTATION «fF KINDS of BENET bonETARY VALUE FORMULA ash aan vous gien byemploytr MV: GUPSFBTT Foemplyee Property ev, Zonal volue wh Assessed Value wacherer is Usufeuct deprecation Value #2 Movable -8 ys depreciated Immovable *20 913 Interest oregone interest rale Cornet rote of 121." tener charge by employ) PRE4. Monetized unused Vocation Leave? Credits vf private mpoyees not exceeding 10 days during the year and the monetized vole of leave ered and 4 gevtenment cial ‘and employees 2. Medical Cash Alowance to dependent? f emelajes net exceeding pase ger employee per semestt a BARS ger month ore on Ma 3: Rice subsidy of BABB {sack of 504g rite per month amounting to tel more thon Pre sciviprm ening atowans net eding RES nam §, Actual yeory medical bneA'S net exceeding o.000/onnurt «¢, toundy lowancy Mot ecteding #300/month NOTES! (a) 016 Treshold: P60 per emplayee/sem on 9 125/enin Rew Threshold: #1500 per employee sem a P c0/man® @ old Ineeshald: P1.300/ meen New Threshaid: P2000 mort (an old teeshold P ,000 formuen New threshold: P&000/ annem temployees athevement awards whith mat bein the form oho tangibs period pape ethtr han the cos git ceritte, wih ar annacl moneiry AME of nv ceeding Pre avo received by the enpf under oF tetonished erie pan we dees not derma fovor of wrplyee eMot allowances net eteeding 26%. of dally misimam ous 4, Customary gifts not exceeding 5.000 40. Yeavel aorood 1) Air fare rickets of economy A business class cescet ir Goss which 207, thereef is deemed taxable ‘antoelgecommodation fs 480/403 2) Inland Travel 1% Productivity bonus mot ceeding 10.000 provided tert ie CBRKINDS ef ASSET 1. ORDINARY -used in business (e.g. Inventory ) Gain : Port ef Grots Income :: Loss : Allow Deduct 2, CAPITAL ~ngt used in business 4a. Real Property 6%, on Fav en SP = CGT bb shores rf Stock =I57.G6t (Not traded] sted) A Tradba/ustes - PT 9. SPECIAL = factoring /sale/ assignment AIR 1. Holding Period {Imes + 100) > amas > Bot 2.04 toss disallowed v ‘only to the extent of cA gana) a. Net CA lars mayoe x carried over to next 4 axable year WASH SALES “1, Similar securities cinvestment) 2. purchased w/in 80 days 3: So1d wlin 80 doys STEPS In comPuNING NO Attribute the Sol@ w/secunfi@ Purdased CeEentY Compo 105 per transae¥on Gduaton if whin 30 d0ys {A) Mow it beyond 30.605. BUT only to the extent of gain Cit rere 15 mo. gan, A/0 +0) Patton deguthons 17 Dealer of Seourtes NOTES! Basle rubs on sale of coptol assets Gibabe op shares of stbch of 0 0 fy Nhe LEE IFO As freon rom nom Yo 0a etal wcpoyes BBG snares of stom of Oe vet tra WE sbjen 10 8t Sano persona Property Toned inthe Phils by © Re is suhEA te the ks on elaing periodInstalrnenl Welhad’ 1. Initial Bevaens does not exceed 257, of gp Cait benepiis received by seller e.g ant b Fey bortered © Mortgage) 2. Casual Sole of movabes- exceeding Hie bls -0n installment How | Jaitiat Poymeet Gog Contract Price A \NITIAL PAYMENT = PO instatieent on 1" Ye @ Excess morigage over cos! CONTRACT PRICE 1 sPO Mortgage @ Excess Mortgage ‘over Cost Note! S*xo change an formata if ordinary 0338) . Wp capital osser check Holding pened OF >RM, goin is muttipyed w/ SOT)= Benepiss given to supervisory employees wnder aCBA we a taxable fri eigen Af en ar ets ae Regt bee Riel of mar} gs 28 ehgnhes rom capa ga ena aanocng posse Tet ig ape onthe EMP? wel at sre dedi oer Bye em cece wane of tar monoers mpce obest ce enemy ng ef sn eel ie a wi 8 “Reena tenuate es Hee onan ht seta tne ete pnd oy me mreye mec ae lt mr rr ini meld a ee apreaepes ew Eee ogo Pe reese eta AEY ee ins nesptataay or errrecene) wef suhac gen, Swat wea euaetce me mle age I tet tyne may" we “Hcttamatesnabeed» EY “ete rs rete dai tee? inate ve TENS on joe veemntedGROSS INCOME. 1. Compensation 2, lncame from Busines 3. Gaine in dealings derives from property 4. Interest loans) 5. Rents (Cash) ©. Royanties (outsidé) 1. Dividends Croreign tap) 4. Annuities 4. Pensions 40. Prizes (¢ 10.000) 1. Partner share in GFP 1 wether legal illegal EXCLUSION prartons Cat EXCEP IH ‘-Proteed? of Ups Ingurang? 1) ae Compensation im tind CFB) + MWe 2. GPP 2. Return et remum, Copia 4 Gv cenergyzonsuction [2 Gis cDohors 184, mative *LoveY 3. Fomiy Rome sale ¥9. Pu income from Treaty Furhse new FH Ys. Compensoten arising from injury CMENTAL) etnteregs on usd depost JP Ceception test Fro) Non-Resident Retirement (Boyes yrs Service BIR approved.onee 5 don't 88 Gat ys eteran®) Ac ‘Separation Ceease from empoyer? 1 D1 06-0 ier TABLE cieMe Rance Pounary voluntary >resKgo Redundanof Cgetrenehmtat Teor Saving exe “bead rears (Reshliay “Tossed A etal Wo HEMT ‘enacts of 1080} HABE totes ree ome eed Fe fn ta gc Lan peng wit BR aces foc) ys ty ta rel peel” fowior Bere Fe sane (8:5 Poth tn Vecmem tt (> yo" F pen ia Eaernces cra 2 5. Goins from real property (64.661) ans rom soso Not Liste (IST. CGT Ute corn) ac imtereat on Bonk vepoelt = got. (15%, rig US$) a 6 Ropaties whi Phils 0 1-F Co ioteliectual) 4. DornesHe: Carp widens QOL IRAE 20L FD by. a 40. Prizes 7 4,000 C22. FI) 1 roe’ sre in OF ot) a Tories ct0060 (080 ~ 1h Shore of partner trom sont verrure Soin forareeDeckucténs ann Exempling. 08D wr ‘Individual : Gross Receipts ey Gross Sales B. Corporation * Gross Income ONE ¥ ordinory-usual 2. Necessary shell cog: wits) E Connected & Ferd Ferferende -Alew b copital several Asaow 5. Suuontotion oct 47 Goods 27 stewie 51 em to), Fr services 7.Reasonabie 1eet reduchion/ceina 387 of posse come (Awan) TAKES ‘ALLOW Teueiness Peer 2807 3 Tariffs & customs tomes Tax ISALLOW, evar s.Penalnes 2. Surcharges LIT ET, oF Speoal Ateessments Beeebs Energy Business Porm tor Raf GR RPT or 27 of Assesed Vo IW ayBe : Foreign IT CAC/OE world) BAO DEBTS. = writerof © recognize 80 exp Coen? = Recovery : reeogrie ta exon ayp collected LOSSES: o Copan used business alowed niyo he sn eRbgans Speci -aombioalass oanDekuchins ano Gremplins ¢ "Ni DEPLETION = method by BIR Commissioner 2.0 cost = AiLow , Benet apparent = DISALLOW : Not ¢ PENSIONS SB years) —ALLow _ Present Service 14% month V2 60st 4.50 ylo _—OlSALLOW past Sernce 8 Ys +o yer Backlog) Beto yes serace C2 of MOX 9S of Sete) CHARITABLE CONT RIBUTIONS _——AlLow —__pisaliow eila Purpose’ priory Ad NET! SH.CO 4 gc MN Taina #1 aESENS" gu ecg, Yolanda vere) * Donee "Gov Done Nad Gey Slanae visting) | Ce wD) 307. Admin ale &— NON-DEOUCTIBLE EXPENSES 1. Reloied Party -# inereat. BD Exp Lasse 4. ersonal ising Exp - 2 Cop’ exp jescept “schoo! 4 Brbes 5. Premiums gad wbereby tne employee the bené\cary= lnterertenperse mcomennon mr te tefayers suse shal he yam aqua fo Sito ner ere sapere fo roai Tor “Tebealoned aa.0 vald delachon,chontable Pothtgonnunen mutt pete gg fone incr efor carts evan Wt Wiaucle CO cae of corporation) i term quar\-bootng ale mans borrowing funds fam ey mma? person at anyone time tough he asuanse endersement wn accepts det Fretrumense any Kina oer ran depos merwt in grerrnent de sees ce f0x08 “Ineo tanger te aroion ef fat, int Eames by fe ower ‘ond capil yan ne Sf Land or cmp! stort remus py on ony ie aso poly cng He ef ay oer Oe ‘rere mes pars members f veh emeEe ae ores bean we paren 1S. Bot wash aes of toe oscars dol no! be deus be pisos of et fe and rn neat repre axe Dinesh o suk sod ana ten reaeaured win oped beginning 80d5y¢ efor fe hat of suenoe deposin end wegjonng SO conn aoe end aren ore we 9 yo eo sop irierouc cule dgpenton oss from t0nnsale af eek rl ve devote he tapoyer 6 adeley of becilesos mann couse of naote of oh a ee vate beection $n posh foyer foemgloee win apy peng sat ged Pepeeteson rit deduction compared o he pat see cat and me pret ‘Atowable Desa for Penson before fob ir oPas4 Jc? w+ Present ‘Mowane_ ed's pr fern gtr TOM Ie» Prawn Audra Gravy gon oessoecrd to inane Ia Loved tn areonabl eon setae vege as 9 ears ald ena nee Stned tM Cop fo rare an 0 Yet “Nfonvemen gaudy bone bed fe mtane oy ere as faced by Ce src wo he emg caw! Preece te nooner pas fore berecionwpon ne dae he rss are exempt foto ort Ona eed oe decom fay azn tt Poe arbre 0 mecurpares fon fr med amie men Sah ie ePo” tae ace ge rai cua Toucan gn ean ion of esa ard ose als emake Se mera Ey we respecte ayo sobaoas ae oe Seu “ork didens eects hy We gor 80 ls Act oF? ashalvsen® recettd bya Ot rar #0 Is Oampt fem ame Sot [ore ocrgaon wns sued 6)» FC shale oehodered as ntona® awstats in ne Mf To hme cae 8 it [A oie 7 eyes trp oh me ie ae ge wesent fine oaueatono usy awsied w arechy connected wh the rnsoyers dd busiest m professor ond tee a writer corral bette vera or eof ara aiipaon wo rag any ngint ‘ime tna they hare manual red UPS, ‘Eibnance evened yan employer 10 Tr dagendents aed oe gtd bene tm poe i ne “pa complie Seheme ord Senet Prog yn acumng rete emake Ee mast a oe wearer ena See ate it anectinee a aes eae etgopo atte tmtgle ot ne Sec nou nao Senge nae rad ra tat narra eempon Ses nteted | the tana fo | Atough rem sz orp tose more @ pa et wesc Ne mt Pes ge ch pen eT ee pes a west sesame AT set pate Aer post Etec mat of pom We anszued st os porny “nano ot ren comers ncn Granta eehaenal Sa Samar alto e0pee ere weeme wan PRIN THE COURSE of TRADE w BUSINESS = regular conduct wf a Commercial ar an ecancrit, ati, Fnetudng transachiens itidectal *hereto by any person tagardleds of whe ther a1 nat the person Engaged deren FS°non-stockl non-profit organization on 304 ently uswveSs TAX 1-VAT 2, Excise Tax > 8 omer Fecetoge Tox) VATARLE TRANSACTIONS 1. Sale o§ goods 2, Sale services 3. Lanse ef property 4. Importation 1§ goods EXCISE TAX, 4: Distilled Spints 2 wines 3. Fermented Liquor 4 cigas 5 cigarettes 5. Tobacco products 7. Automall 1 twaapctured fuels ¥ other oils Ja. Minera Product? to. Non-essensia! good sb How TAXED? “Aa valorer COMED ~Spesgie cual) Jy wiio ARE LABLE Shaaouyacture® = ImporterEXEMPT EXEMPT EXEMPT ALL H-Export 1 FoodcaMFoig ALL Export H.OFt eeronsate | Aaipmen| i may zat cag rcaan|- ef Zo [LEER Abroad nt |Rated trans ‘set i, t-useet init |-Fe penile sk: Heh [Sede seat 1808) a.pacionen | trans agus Laws) 1 0A Cau Faso | egetned [a ure, Soma cae Nan tena afropety | Edeouommnengtion ti envoy rm) Oreos Petts Lommbs . prommetet fag. mistonm). 6 Famers 1 aeterment| geancode FAT ai SGoy5 tees Bending Cop caine Se dita Pending, Peg elooe necro (etbordinen) Thee Lan soon eae : erent (Lipari Tete OD) steed aot (foe eg) ir daa ose [meena oR ALL Landed Cast) Value of impor necessary Cost reid rowaret 2 wrorege Soot 3 terre 6 conantt event) * teen uty aon) Damping Lon) “eater g 5 = Morsing sitab) “bigrmib ory casey + Fouad (hens Volume) Food 2 Feriizer Personal Howser egcts fe irate vessel Hn Yovone apstaral Ingeaments |<. suprbers In creer iseyoge sweat AeneanValue focdeat Tor- Input 4. Substantiation Coouble Registry? 2, Purchases orate (a) for conversion > Suppi8s G3) ina ei eects & equipment Ge) aipmperty > wedi business 43. Deemed purchase (shitting? 4 Transitional Input VAT 4.Chonge fram OPT VAT 4 2re bagioning inventory a4 actual VAT * 5. Presumptive input VAT ee Srines, mackerel, Mille ,CanKing Gil, Packed Needles. Repined sugar 44". Cash Payment G. Input VAT Allocation at —o1__ Toreait——Teredit Refund ~Expens “epnvert tax ca/0 17RD yes BR Com days deen Sodays appeal A 7. Filing of vat Return sr Moninnj = 208 Component 2» quarierty = 25" cumutabe® {OTE Filing of HR. VAT Retr SemUltaNEOUSYNG VAT- EXEMPT TRANS (ac8<5") = 37 on GR N7 LAND COMMON CARRIERS PHY Karson Ardinoy OL faraSa oi HP ie ry nol he (n-AT tspayer 5 xemy fom payee l oat kroferl intemal ees toner con jut ak fore ond “fi i =| “Frau of oy person to roger bes YAeny shat tut 4 ni eingYempoany clear trans en ny i gh ean whctevtsrequremerke qrts/be hy ie Cmissone nthe cesure see “Nye period fo Feuer a0 8 Vatenty wh the pyre ROL chal be win 0 Aoye fram sedate eget Tine itn goes nye ut even i ere iene atuale the gnds War 9 poporiona tat Byron oe of ot w bse tage ee ‘prom renders sects and en pean who pore gon ae te» REE nl ay wore i Teewh i tandeel by proton tuch 24 cP Piso nd logget 07. Vat cArehregered peeks erase sae 8 rot od We Heo Me ft EAN gy mgneed pen mt eer a ok ted Wo hes WH empConcept of Estate Tax SUCCESSION NATURE of SUCCESSION = mode of acquisition of POP tights = gatutout transmission, ‘and obligations by wrtue of another Sono ton used by ta” person's death center mots 060) oigation fo the een! of intoitone ELEMENTS of SUCCESSION INHERITANCE 1 Decedent -diea/testator propo rights oryed 1 grate eran ae one avneits TYPES of SUCCESSION oer mpalanry to Wane Testament Eandatory toe teepvtoe ‘Aegon na ded winced" 4 Types ef COMPULSORY HEIR, Treen tt nent dee 2. Inestote/ Legal mio water wh wil bu! on invalid one 3, Mixed Witt gm oct whereyy the pers is perouted wruate pormaliespreseribed by [2 to contol to 0 certo Gegrét in #2 diopeston of estate, {Holographic -eniey we 2,SecondOry-hgifitegt prrertsdt S Concurring -survicing spouse ® Meg Sessbadonts tn abrence op ex ase whoskall Inhant im oder pony "teal ges pe op cantagorn a bilppitegonectner! nb WF eign cogs - IEEHED SO torial - notarized signed by decedem ag inherdance el aa ay te | BERSupplementfaditon to wil G . = portion restr fo Eompulsory eo OTHER PERSONS im SUCCESSION. 1. Legale inher personal grep Py will 2. Devisee “inherits real prop Py will 4 Executor named by deccdem fo Cony ot wil 4, Administrotors -apponted by court to ‘manage estole ESTATE TAXATION, = taxation of the gratatous tronster of properti2e of dezedent fo the heirs = Natur NExCise ta on the prvege 1 tronsfer 4 Revenue [General Tox 3, Ad Valorem Tax dependent upon esate 4. National Tax imposes by ra" govt 5 Pro 7 Sain bode mm Oo Goss ESTATE fotlty of properties owned ly We devedent al the poirt of hi death DEDUCTIONS “reduchon (m inheritance of heirs NET TAYAGLE ESTATE Tnetipropenies of decedent over al pertinent educirs ollowble by ‘OW ros