Conjugal Properties

Real Properties
Family Home 4,750,000.00
Personal Properties
Claims against insolvent friend 200,000.00 4,950,000.00
Exclusive Properties
Real Properties
Properties Inherited 1,100,000.00
Personal Properties
RA 4917 500,000.00
CAIP - Inherited Property 20,000.00 1,620,000.00
Gross Estate 6,570,000.00
Less: Deductions
Conjugal Deductions
Funeral Expenses
Actual 150,000.00
Limit 328,500.00
Maximum 200,000.00
Allowed 150,000.00
Judicial Expenses 90,000.00
CAIP 200,000.00
Claims against Estate 20,000.00
460,000.00

Exclusive Deductions
Real Estate beq. to the gov't 500,000.00
Vanishing Deduction 626,216.13
CAIP - Inherited Prop. 20,000.00
1,146,216.13
Total Ordinary Deductions 1,606,216.13
Estate before Special Deductions 4,963,783.87
Less: Special Deductions
Standard Deductions 1,000,000.00
Family Home 1,000,000.00
RA 4917 500,000.00 2,500,000.00
Estate before SSS 2,463,783.87
Less: SSS
Conjugal Properties 4,950,000.00
Less: Conjugal Deductions 460,000.00
Net Conjugal Properties 4,490,000.00
divided by 2 2.00 2,245,000.00
Net Taxable Estate 218,783.87
Vanishing Deduction:
Real Estate 420,000.00
Parcel of Land 500,000.00
Personal Properties 100,000.00
Total 1,020,000.00
Less: Paid Mortgage 100,000.00
Initial Basis 920,000.00

Ratio:
920,000.00 x 980,000.00 137,229.83
6,570,000.00
782,770.17
80%
626,216.13