REQUIRED: Compute the following if the decedent died prior to 2018:

Properties
1.       Residential house and lot (family home)
2.       Jewelry acquired by the decedent before marriage
3.       Vacation house in Tagaytay transferred to daughter in
contemplation of death
4.       Investment in bonds (foreign corporation)
5.       Marketable securities (domestic corporation)
6.       Farm, inherited from his father 3 years ago
(value when inherited by the decedent, P2,500,000)
7.       Income from farm
8.       Commercial building inherited by wife during marriage
9.       Rent income from commercial building
10.   Property brought to marriage by his wife
11.   Death benefits – R.A 4917

Properties
1.       Residential house and lot (family home)
2.       Jewelry acquired by the decedent before marriage
3.       Vacation house in Tagaytay transferred to daughter in
contemplation of death
4.       Investment in bonds (foreign corporation)
5.       Marketable securities (domestic corporation)
6.       Farm, inherited from his father 3 years ago
(value when inherited by the decedent, P2,500,000)
7.       Income from farm

10.   Property brought to marriage by his wife

6.       Claims against insolvent person
5.       Claims against common property
11.   Death benefits – R.A 4917
Total Gross Estate
Ordinary Deductions
1.       Unpaid actual funeral expenses
2.       Unpaid judicial expenses
6.       Claims against insolvent person
5.       Claims against common property
4.       Unpaid mortgage on inherited farm
(unpaid balance when inherited was P700,000)
7.       Donation to the National Government
Total Before VD
Vanishing Deduction
Total
Special Deductions
3.       Paid medical expenses
1.       Residential house and lot (family home)
1.       Death benefits – R.A 4917

Total

Value to take
Mortgage paid
Initial Basis
Less: Proportional
Final Basis
Vanishing Deduction Rate
Vanishing Deduction
 P 5,000,000
500,000.00

5,000,000.00
600,000.00
400,000.00

2,800,000.00
800,000.00
10,000,000.00
3,000,000.00
6,000,000.00
1,100,000.00

Conjugal/Communal Exclusive Total

5,000,000.00 5,000,000.00
500,000.00 500,000.00
5,000,000.00 5,000,000.00

600,000.00 600,000.00
400,000.00 400,000.00
2,800,000.00 2,800,000.00

800,000.00 800,000.00

6,000,000.00 6,000,000.00
800,000.00 800,000
8,900,000
1,100,000.00 1,100,000.00
22,200,000.00 800,000.00 23,000,000.00

- 300,000
- 900,000
800,000.00 800,000
8,900,000.00 8,900,000

200,000.00 200,000
1,000,000.00 1,000,000
10,800,000.00
 732,000.00 732,000.00
9,700,000.00 1,932,000.00 11,532,000.00

- - -
0.00 0.00
1,100,000.00 1,100,000

1,100,000.00 1,100,000.00

2,800,000.00
500,000.00
2,300,000.00
1,080,000.00
1,220,000.00
60.00%
732,000.00
 1.       Unpaid actual funeral expenses 300,000
2.       Unpaid judicial expenses 900,000
3.       Paid medical expenses 1,500,000
4.       Unpaid mortgage on inherited farm
(unpaid balance when inherited was P 200,000
5.       Claims against common property 8,900,000
6.       Claims against insolvent person 800,000
7.       Donation to the National Government 1,000,000

Ordinary Deductions
REQUIRED: Compute the following if the decedent died 2018 onwards:

Properties
1.       Residential house and lot (family home) P 5,000,000
2.       Jewelry acquired by the decedent before marriage 500,000.00
3.       Vacation house in Tagaytay transferred to daughter in
contemplation of death 5,000,000.00
4.       Investment in bonds (foreign corporation) 600,000.00
5.       Marketable securities (domestic corporation) 400,000.00
6.       Farm, inherited from his father 3 years ago
(value when inherited by the decedent, P2,500,000) 2,800,000.00
7.       Income from farm 800,000.00
8.       Commercial building inherited by wife during marriage 10,000,000.00
9.       Rent income from commercial building 3,000,000.00
10.   Property brought to marriage by his wife 6,000,000.00
11.   Death benefits – R.A 4917 1,100,000.00

Properties Conjugal/Communal
1.       Residential house and lot (family home) P 5,000,000
2.       Jewelry acquired by the decedent before marriage 500,000.00
3.       Vacation house in Tagaytay transferred to daughter in 5,000,000.00
contemplation of death
4.       Investment in bonds (foreign corporation) 600,000.00
5.       Marketable securities (domestic corporation) 400,000.00
6.       Farm, inherited from his father 3 years ago 2,800,000.00
(value when inherited by the decedent, P2,500,000)
7.       Income from farm
8.       Commercial building inherited by wife during marriage 10,000,000.00
9.       Rent income from commercial building
10.   Property brought to marriage by his wife 6,000,000.00
6.       Claims against insolvent person 800,000.00
5.       Claims against common property
11.   Death benefits – R.A 4917 1,100,000.00
Total Gross Estate 27,200,000.00
Ordinary Deductions
1.       Unpaid actual funeral expenses -
2.       Unpaid judicial expenses -
6.       Claims against insolvent person 800,000.00
5.       Claims against common property 8,900,000.00
4.       Unpaid mortgage on inherited farm
(unpaid balance when inherited was P700,000)
7.       Donation to the National Government
Total Before VD
Vanishing Deduction
Total 9,700,000.00
Special Deductions
3.       Paid medical expenses -
1.       Residential house and lot (family home) 10,000,000.00
1.       Death benefits – R.A 4917 1,100,000.00

Total 11,100,000.00

Value to take 2,800,000.00

Mortgage paid 500,000.00
Initial Basis 2,300,000.00
Less: Proportional 734,516.13
Final Basis 1,565,483.87
Vanishing Deduction Rate 60.00%
Vanishing Deduction 939,290.32
Exclusive Total
P 5,000,000
500,000.00
5,000,000.00

600,000.00
400,000.00
2,800,000.00

800,000.00 800,000.00
10,000,000.00
3,000,000.00 3,000,000.00
6,000,000.00
800,000
8,900,000
1,100,000.00
3,800,000.00 31,000,000.00

-
-
800,000
8,900,000

200,000.00 200,000
1,000,000.00 1,000,000
9,900,000.00
 939,290.32 939,290.32
2,139,290.32 10,839,290.32

- -
10,000,000.00
1,100,000

11,100,000.00
 1.       Unpaid actual funeral expenses 300,000
2.       Unpaid judicial expenses 900,000
3.       Paid medical expenses 1,500,000
4.       Unpaid mortgage on inherited farm
(unpaid balance when inherited was P 200,000
5.       Claims against common property 8,900,000
6.       Claims against insolvent person 800,000
7.       Donation to the National Government 1,000,000

Ordinary Deductions