A married decedent who was under absolute community of properties died on October 15, 2018. His estate provided the following information. Real properties inherited before the marriage from his father who died 3 years before the present decedent's death ₱ 500,000 Real property given as gift by his uncle during marriage 4.5 years before the present decedent's death 15,000,000 Land inherited during the marriage from an aunt who died 6 years before the present decedent's death 10,500,000 House built on the inherited land from aunt using communal fund 9,000,000 Cash income from the real property received as gift by present decedent 500,000 Real properties received as donation by the surviving spouse before the marriage 10,800,000 Real properties acquired by the spouses during the marriage 10,500,000 Personal properties acquired during the marriage 10,000,000 Additional information: Actual funeral expenses 500,000 Judicial expenses 750,000 Medical expenses 800,000 Obligations incurred before marriage that benefited the community properties 950,000 Claims against a debtor who absconded 500,000 Unpaid mortgage on inherited land 900,000 Loss of car through theft on December 31, 2018 (part of personal properties acquired during marriage) 1,300,000 The value of the real properties at the time of inheritance was ₱300,000. The value of the real property received as a gift from an uncle was ₱10,000,000 at the time of donation. The inherited land and the house built on it were certified as the family home of the decedent and his family by the barangay captain in the locality where they were situated. Determine the following with solutions: 1. the total amount of community properties. 2. The total amount of exclusive properties. 3. The deductible amount for a family home.
A married decedent who was under absolute community of properties died on October 15, 2018. His estate provided the following information. Real properties inherited before the marriage from his father who died 3 years before the present decedent's death ₱ 500,000 Real property given as gift by his uncle during marriage 4.5 years before the present decedent's death 15,000,000 Land inherited during the marriage from an aunt who died 6 years before the present decedent's death 10,500,000 House built on the inherited land from aunt using communal fund 9,000,000 Cash income from the real property received as gift by present decedent 500,000 Real properties received as donation by the surviving spouse before the marriage 10,800,000 Real properties acquired by the spouses during the marriage 10,500,000 Personal properties acquired during the marriage 10,000,000 Additional information: Actual funeral expenses 500,000 Judicial expenses 750,000 Medical expenses 800,000 Obligations incurred before marriage that benefited the community properties 950,000 Claims against a debtor who absconded 500,000 Unpaid mortgage on inherited land 900,000 Loss of car through theft on December 31, 2018 (part of personal properties acquired during marriage) 1,300,000 The value of the real properties at the time of inheritance was ₱300,000. The value of the real property received as a gift from an uncle was ₱10,000,000 at the time of donation. The inherited land and the house built on it were certified as the family home of the decedent and his family by the barangay captain in the locality where they were situated. Determine the following with solutions:
1. the total amount of community properties.
2. The total amount of exclusive properties.
3. The deductible amount for a family home.
4. The total ordinary deductions (excluding the share of surviving spouse).
5. The amount of taxable net estate.
6. The amount of estate tax due.
7. Last day for filing the estate tax without penalty and interest.
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