Computation of Donor’s Tax

 ABCD, a resident citizen, made the following donations:

 January 15, 2022 House and lot worth P3,000,000 to his friend, WXYZ. At
the time of donation, the property is mortgaged for P250,000 which was
assumed by WXYZ.

 March 18, 2022 P500,000 cash to Marites and Paquito Authority (MPA), a
government-owned and controlled corporation realizing profits over the
last ten years.

 June 8, 2022 A car worth P4,000,000 to his ex-girlfriend. The car was
registered in Las Vegas, Nevada. Donor’s tax amounting to P95,000 was
paid in abroad.

 August 3, 2023 Vacant lot worth P1,250,000 to his niece.

 Required: Compute the donor’s tax due/payable on the abovementioned

donations.
 1/15/22 3/18/22 6/8/22 8/3/23
Gross Gift 3,000,000 500,000 4,000,000 1,250,000
Less: Deductions 250,000 - ________- -
Net Gift 2,750,000 500,000 4,000,000 1,250,000
Add: Prior Net Gift - 2,750,000 3,250,000 ________-

Total Net Gifts 2,750,000 3,250,000 7,250,000 1,250,000

Less: Tax Exempt Gift 250,000 250,000 250,000 250,000
Taxable Gift 2,500,000 3,000,000 7,000,000 1,000,000
Rate of Tax 6% 6% 6% 6%
Tax Due 150,000 180,000 420,000 60,000
Less: Tax Paid 150,000 150,000
Less: Tax Paid, 95,000 30,000
(4M/7.25M x 420,000) 231,724 95,000
Tax Payable 30,000 145,000
MJCA, a resident citizen, made the following donations:
Property Particulars / Date of Donation
Cash To Hospicio de San Jose, a charitable institution, P300,000 / March 1, 2022
Land Located at Talisay City, Cebu, for public use of the City Government. Fair
market value, P2,000,000 / June 30, 2022
Vacant Lot Valued at P800,000, to his friend, VEM. At the time of donation, the
property is mortgaged for P100,000 which was assumed by VEM / August
15, 2022
Car To his nephew, ABCD, worth P1,200,000 registered in Anaheim, California.
A donor’s tax worth P50,000 was paid in the United States / September 30,
2022
Cash His friend, RJRJ, P350,000 / January 5, 2023

Compute the donor’s taxes payable on the abovementioned donations.