On November 23, 2018 gift, using the Donor’s Tax Return (BIR Form No. 1800), how much will be reflected on line 18(Tax Payable/(Overpayment)) ?
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During the current year 2021, Nicanor, Jr. who resides in R. Papa Street, Sampaloc Manila and with Tin 135-567-890-006. Made the following gifts:
|
Date |
Donee |
Amount of donation |
|
June 1, 2018 |
Junior, his son, on account of his marriage celebrated June 1, 2018 |
P 150,000 cash |
|
July 10, 2018 |
His friend Aprot |
P 400,000 a second hand motor vehicle |
|
September 30, 2018 |
His daughter Julia |
P 450,000 cash dowry, on account of her scheduled marriage on October 25, 2018 |
|
November 23,2018 |
His father, Nicanor, Sr. |
A parcel of land worth P 180,000, subject to the condition that his father would assume the mortgage indebtedness of Jose in the amount of P 40,000; |
On November 23, 2018 gift, using the Donor’s Tax Return (BIR Form No. 1800), how much will be reflected on line 18(Tax Payable/(Overpayment)) ?
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