4 Relatives Strangers

965,000 Gross Gif 627250 337,750

265,000 Deductions 79500 185,500
Net Taxable gifs 547750 152,250

14,000
excess of 500,000 2865
Tax due 16,865 45675

5 25-Feb-13 23-Jun-14
Relatives Strangers
200sqm lot to son 500000 0 cash to daughter
Laptop computer to nephew 35,500 0 Perfumes to Brother
Gross gif 535,500 0 Gross gif
Less: Charges on land 140,000 Less: Charges on gif to the brother
Net gif 395,500 Taxable net gif

2000
7820
Tax Due 9820 Tax Due

6 Case 1: Donor- RA; Donees- Strangers Case2: Donor- NRA; Donees- Relatives

Real property gifs- PH 385000 Real ppty in PH

Real property gifs-USA 160000 Intangible ppty in PH
Intangible ppty in PH 90000 Gross Gif
Tangible ppty in Mexico 90000 Less: Deduction in ppty in PH
Gross Gifs 725000 Taxable net gif
Less: deduction in ppty abroad 86500
deduction in ppty in PH 120700
Taxable net gif 517800
Tax Due
Tax due 155340
 30-Nov-14
Relatives Strangers Relatives Strangers
95,000 Washing machine to sister 65,000
35,000 Furniture to aunt 45,000
130,000 Gross gif 110,000
15,000 Less: Charges to donation to sister 14,000
115,000 Charges on gif to aunt 10,000
Taxable net gif 86,000
0 Total Prior net gifs 115,000
300 Total gifs subject to tax 201,000
300
Tax Due 2000
40
2040
Less: Payments for prior gifs 300
Total tax due 1740

385,000
90000
475,000
120,700
354,300

2000
6172
8172