Compute for the conjugal property, and for Concepcion’s exclusive properties.
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 43P
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Question
Concepcion, married to Domingo, died leaving the following properties:
Car purchased 3 years before marriage – P250,000House and lot acquired during marriage from conjugal funds – P800,000Savings deposit with Banco de Oro, obtained through labor and industry of Domingo – P90,000Fishpond in Pangasinan, acquired through the income from Concepcion’s former Goto House – P200,000Lotto winnings by Domingo – P5,000,000Yamaha wonderbike purchased by Concepcion out of her exclusive property – P50,000Riceland, brought into the marriage by Domingo – P200,000Shares inherited by Concepcion from her mother two weeks ago – P63,000
Required: Compute for the conjugal property, and for Concepcion’s exclusive properties.
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