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Glen made a revocable transfer of his stock investments on February 14, 2022 in favor of his sister, Glena.
Glen died on July 10, 2022.
The stocks had the following fair values:
February 14, 2022
March 16, 2022
P3,400,000
3,300,000
3,800,000
July 10, 2022
14. Assuming Glen did not revoke the property until the date of his death, what is the amount subject to
transfer tax and the type of transfer tax to apply?

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