Problems 3 PRELIM TASK FINAL
Problems 3 PRELIM TASK FINAL
Problems 3 PRELIM TASK FINAL
Gross Gifts
The donor also made the following transfer of properties within the year:
Land 1 - Q.C.
Land 2 - Taguig
Land 3 - U.S.A.
Car - Manila
a) Resident Citizen
b) Non-Resident Citizen
c) Resident Alien
d) Non-Resident Alien with reciprocity
e) Non-Resident Alien wihout reciprocity
A) Resident Citizen
Cash (100,000+100,000+500,000)
Real Property (3,000,000+3,000,000+1,500,000)
Personal Property
Intangible Property (250,000+100,000)
Land 3 (10,000,000-5,000,000)
Car-Manila (1,000,000-800,000
B) Non-Resident Citizen
Cash (100,000+100,000+500,000)
Real Property (3,000,000+3,000,000+1,500,000)
Personal Property
Intangible Property (250,000+100,000)
Land 3 (10,000,000-5,000,000)
Car-Manila (1,000,000-800,000
C) Resident Alien
Cash (100,000+100,000+500,000)
Real Property (3,000,000+3,000,000+1,500,000)
Personal Property
Intangible Property (250,000+100,000)
Land 3 (10,000,000-5,000,000)
Car-Manila (1,000,000-800,000
INTANGIBLE
₱700,000
7,500,000
800,000
350,000
5,000,000
200,000
₱14,550,000
₱700,000
7,500,000
800,000
350,000
5,000,000
200,000
₱14,550,000
₱700,000
7,500,000
800,000
350,000
5,000,000
200,000
₱14,550,000
₱600,000
1,500,000
800,000
200,000
₱3,100,000
₱600,000
1,500,000
800,000
350,000
200,000
₱3,450,000