lax managers/consultants are said to adjust the timing of transactions in anticipation of expected tax changes. Assuming that you were a tax consultant, and a client sought your advice regarding her intention to donate her properties. It was December 10, 2017. Your client informed you that she will be donating 3 types of properties to 3 different persons. The value of the properties are as follows: Property 1: P 255,000 Property 2: P 450,000 Property 3: P 750,000 You discussed with her that such donations are subject to donor's tax. Will you advise your client to donate in 2017 or in 2018? Explain your answer. Provide computations to support your advice.

lax managers/consultants are said to adjust the timing of transactions in anticipation of expected tax changes. Assuming that you were a tax consultant, and a client sought your advice regarding her intention to donate her properties. It was December 10, 2017. Your client informed you that she will be donating 3 types of properties to 3 different persons. The value of the properties are as follows: Property 1: P 255,000 Property 2: P 450,000 Property 3: P 750,000 You discussed with her that such donations are subject to donor's tax. Will you advise your client to donate in 2017 or in 2018? Explain your answer. Provide computations to support your advice.

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter13: Property Transact Ions: Determination Of Gain Or Loss, Basis Considerations, And Nontaxable Exchanges

Section: Chapter Questions

Problem 3DQ

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