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UNIVERSITY OF THE PHILIPPINES

College of Law

COURSE SYLLABUS
TAXATION 2

Prof. Lai-Lynn Barcenas

Second Semester SY 2018-2019

Tuesdays 8:30 am to 10:00 am


Saturdays, 10:00 am to 11:30 am

I. ESTATE TAX
(Sec. 84-97, Sec. 104, NIRC, as amended by Rep. Act No. 10963, Rev. Reg. No.
12-2018)

Situationer on Estate Taxation in the Philippines: Issues and Prospects, NTRC Tax
Research Journal, Volume XXXIII.4, July – August 2011, pp. 1-13
http://www.ntrc.gov.ph/images/journal/j20110708a.pdf

What law governs the imposition of the tax?

Section 3, Rev. Reg., 12-2018


Lorenzo v. Posadas, G. R. No. L-43082, June 18, 1937

A. GROSS ESTATE

1. Definition of Gross Estate, in general

Section 104, NIRC

a. Composition of Gross Estate

i. Residents and citizens

Section 4(1), Rev. Reg. 12-2018

ii. Non-resident alien

Section 4(2), Rev. Reg. 12-2018

b. Reciprocity principle
Section 104 (a) and (b), NIRC
CIR v. Fisher, G. R. No. L-11622 and L-11668, January 28, 1961
(focus on how the reciprocity principle is applied)

2. Determination of the Value of the Gross Estate

Section 88, NIRC


Section 5, Rev. Reg. 12-2018
Section 85(A) to (I), NIRC

a. Decedent’s Interest

Section 85(A)

b. Transfer in Contemplation of Death

Section 85(B)
BIR Ruling No. 10-03, September 08, 2003

c. Revocable Transfer

Section 85(C)
BIR Ruling No. 013-05, August 16, 2005

d. Property Passing Under General Power of Appointment

Section 85(D)

e. Proceeds of Life Insurance

Section 85(E)
BIR Ruling No. 166-93, May 03, 1993

f. Prior Interests

Section 85(F)

g. Transfers for Insufficient Consideration

Section 85(G)

B. EXCLUSION FROM GROSS ESTATE

Capital of the Surviving Spouse

Section 85(H), NIRC

C. DEDUCTION FROM GROSS ESTATE

1. Citizen or Resident
Section 86(A), NIRC, as amended
Section 6, Rev. Reg. 12-2018

a. Standard deduction

Section 86(A)(1), NIRC, as amended


Section 6(1), Rev. Reg. 12-2018

b. Claims against the estate

Section 86(A)(2), NIRC, as amended


Section 6(2), Rev. Reg. 12-2018
Dizon v. Court of Tax Appeals, G. R. No. 140944, April 30, 2008

c. Claims against insolvent persons

Section 86(A)(3), NIRC, as amended


Section 6(3), Rev. Reg. 12-2018
See Sec. 4 (c) and (p) of Rep. Act No. 10142 (Financial Rehabilitation
and Insolvency Act of 2010)

d. Unpaid mortgages

Section 86(A)(4), NIRC, as amended


Section 6(4), Rev. Reg. 12-2018

e. Property previously taxed

Section 86(A)(5), NIRC, as amended


Section 6(5), Rev. Reg. 12-2018

f. Transfers for public use

Section 86(A)(6), NIRC, as amended


Section 6(6), Rev. Reg. 12-2018

g. Family home

Section 86(A)(7), NIRC, as amended


Section 6(7), Rev. Reg. 12-2018
BIR Ruling No. 440-11, November 11, 2011
See Articles 152, 153, 156 and 161 of the Family Code

h. Retirement benefits and separation pay of decedent

Section 86(A)(8), NIRC, as amended


Section 6(8), Rev. Reg. 12-2018
See Section 1 of Rep. Act 4917
2. Non-Resident Alien (on part of gross estate situated in the Philippines)

Section 86(B), NIRC, as amended


Section 7, Rev. Reg. 12-2018

a. Standard deduction

Section 86(B)(1), NIRC, as amended


Section 7(1), Rev. Reg. 12-2018

b. Proportion of the Philippine gross estate to the world gross estate


in relation to the following:

i. Claims against the estate


ii. Claims against insolvent persons
iii. Unpaid mortgages

Section 86(B)(2), NIRC, as amended


Section 7(2), Rev. Reg. 12-2018

c. Property previously taxed

Section (B)(3), NIRC, as amended


Section 7(3), Rev. Reg. 12-2018

d. Transfers for public use

Section B(4), NIRC, as amended


Section 7(4), Rev. Reg. 12-2018

D. DEDUCTION FROM NET ESTATE

Share in Conjugal Property

a. Citizen and Resident Alien

Section 86(C), NIRC, as amended; Section 6(9), Rev. Reg. No. 12-
2018 (on Resident Alien, Nationality principle on property rights and
successional rights?)

b. Non-Resident Alien

Sec. 7 (5), Rev. Reg. No. 12-2018 (Nationality principle on property


rights and successional rights?)

E. TAX RATE AND ESTATE TAX DUE

Section 84 (NIRC), as amended


See Section 8, Rev. Reg. 12-2018
F. TAX CREDIT FOR ESTATE TAXES PAID TO FOREIGN COUNTRY

Section 86(D), as amended

G. EXEMPTION OF CERTAIN ACQUISITIONS

Section 87, NIRC


See Article 863 of the Civil Code

H. FILING OF ESTATE TAX RETURN

Section 90, NIRC, as amended


Section 9(1) to (3), Rev. Reg. 12-2018

a. Contents of the Return

Section 90(A), NIRC, as amended


Section 9(1), Rev. Reg. 12-2018

b. Time for filing

Section 90(B), NIRC, as amended


Section 9(2), Rev. Reg. 12-2018

c. When certification from a Certified Public Accountant is required

Section 90(A)(3), NIRC, as amended


Section 9(1), Rev. Reg. 12-2018

d. Extension of time to file return

Section 90 (C), NIRC, as amended


Section 9(3), Rev. Reg. 12-2018

e. Place of filing

Section 90(D), NIRC, as amended


Section 9(8), Rev. Reg. 12-2018

I. PAYMENT OF TAX

Section 91, NIRC, as amended


Section 9(4) to (9), Rev. Reg. 12-2018

a. Time of payment

Section 91(A), NIRC, as amended


Section 9 (4), Rev. Reg. No. 12-2018

b. Extension of time
Section 91(B), NIRC, as amended
Section 9 (5), Rev. Reg. No. 12-2018

c. Installment payment

Section 91(C), NIRC, as amended


Section 9 (6) and (7), Rev. Reg. No. 12-2018

d. Place of filing the return and payment of the tax

Section 9(8), Rev. Reg. 12-2018

e. Liability for payment

Section 91(D), NIRC, as amended


Sec. 9(9), Rev. Reg. No. 12-2018

f. When distributive share of heirs may be delivered

Section 94, NIRC

g. Payment of tax antecedent to the transfer of shares, bonds or


rights

Section 97, NIRC, as amended


Section 10, Rev. Reg. 12-2018

J. WHEN IS EXECUTOR OR ADMINISTRATOR DISCHARGED FROM PERSONAL LIABILITY

Section 92, NIRC

K. RESTITUTION OF TAX

Section 96, NIRC

L. DUTIES OF CERTAIN OFFICERS AND DEBTORS

Section 95, NIRC