273211076 CPAR TAX7411 Estate Tax with Answer 1 pdf PDF

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6,21,28,29,31,32*,33,34,36,37,42,43,48,49,50

D

D

C

yung personal stuff ni wife, exclusive yun except jewelries.. D

A B

A

C

D

C

D

D

A

C

C

C

A

D

A B

B Kapag 200K-filed under oath.. 2M-duly certified by a CPA.. D

B

C

A F F

F T

only if Conj.Partn.of Gains

only if Abs.Community

D

D

XXXXXXX

F XXXX

at the time of DEATH of the DECEDENT.. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

F

upon death..

T F deductible only upto 1M F F

Abs.Comnt

F only if no former marriage.. F

only upto 200K

F before

XXX F

F F

XXXXXXX Kapag >2 yrs na, dapat may substantiation.. ___________ both spouse if Abs.Community

within 2 years..

on Aug. 3, 1988 = ABC

_________

before Aug 2, 1988 = CPG

T ____ F

F T

F F

XXXXXXXXXXXXXXXXXXXXXXX ________ XXXXXXX

donation mortis causa is included in GE.

F

___

limited 'to F

B

NRC

NRA

NRAw

+ **

LOWER AMT.

+ +

+

+ +

assume w/in the Philippines HIGHER AMT.

______________

+ +

+

+ +

+ +

3600

1195 10

+ +

all properties worldwide tapos tax credit na lang yung iba.. A

A B

If FV is missing, use BV.. 2000(RE) x 10% + 1K shares x 50 PV = 250K

_____

GE

7200

GE 4000

Unpaid exp Estate tax

-800 -344

1200 2000

ELIT

SplDeductn -1000

Distributable = 6056

-500 -800

3900K

6056K C

StdDeduc -1000 =7200 -800 -2500 = 3900 Net Esta E SplDeduc 344 Estate Tax

4000 2500 1200 -1400 =2600/2=1300 +3700

2500K

4210K C 4000

E 1800 X

-1200 =2800/2=1400 +1800

4000 +2500 -1000 -500 +1200 -1000 Standard -2500 = 2500 Net estate-600 -1300 190 Tax Due -190 Spl Deduction =4210 X -1000STD = 2200 Net Estate

C 5000

E 1200 +400 F

1000FH -1600

1900K

=4400/2= +2200 -500FH C

-400FH -1000S

E

7000

= 1900

1400 800FH 1800 -2400 -5400/2= 2700

3900K

-1000FH - 1000STD = 3900

Exclsve Exclsve

Exclsve Exclsve

=> 4.5M => - 2.7M ____________ => - 2M x3/10 = 319.5 vs 280 10M-1M=9M => 1065 x 2/10 = 213 vs 220

1065 -280 -213.3 =547.66

(200 + 100 + 120) = 420 x 5/10 = 210 1500 (lower) - 0= 1500 x (210+2000)/5000 =663 1500-663 = 837 x 20% 167.4 Vanishing deduction 2400(lower) -400 =2000 Initial basis x 2210/5000 =884 2000 - 884 = 1116 x 40% = 446.4 Vanishing deductio

2000 +3000

-210 -2000 -167.4 -446.=2176

SS = 2860 Net Estate = 5560

Dec. 31, 2009 mrriage

#52

ACP CPG

Father

F-inlaw

'07 3M

'08 1.2

'09 1.8

Mother Marriage

C E

C E

C E

M-inlaw

12.31.09 '10 14

Death 12.31.12

E E

VD*TB =1.8 -18/123 x 1.130 =1,634,634 x 40% = 653,854

b is not included in CPG

CPG GE

Excl 3

Comm 2+1.5

1.8 2.4+1.6 =4.8 + =7.5 Ord-ELIT Ord-VD Spl-FH Spl-STD

-0.5 -0.18

Total

12.3M

-0.2 -0.17

-0.653804 -0.8 =3,466,146 + =7050K

ACP GE

=0 + Ord-ELIT Ord-VD

10,516,146 -1M -1M

Excl

Spl-FH Spl-STD

Comm 3+1.2+1.8

Total

2+1.5+2.4+1.6 =13.5 13.5M -0.5-0.2-0.18 -0.3-0.17-0.8

-0.858312 =0 + =11,211,688

11,211,688 -1M -1M...