P6.1. (GROSS GIFTS) A donor made the following donations during the year. To Abel, a car worth P800.000 . To Jen, condominium unit worth P3,000,000 in Macau To Gore, GJ Company shares (domestic corp.) amounting to P250,000 • To Alexa, P100,000 worth of shares of stock of a resident foreign corporation where 90% of its operation is in the Philippines. To Earl, a building in Singapore valued at P5,000,000 mortgaged for P2,000,000 assumed by the donee . To Hananiah, parcel of land in Isabela, P1,500,000 To Chen, P100,000 bank deposit in BPI To Kristine, P100,000 bank deposit in Metrobank, U.S. Branch To Gavrie, P500,000 cash

P6.1. (GROSS GIFTS) A donor made the following donations during the year. To Abel, a car worth P800.000 . To Jen, condominium unit worth P3,000,000 in Macau To Gore, GJ Company shares (domestic corp.) amounting to P250,000 • To Alexa, P100,000 worth of shares of stock of a resident foreign corporation where 90% of its operation is in the Philippines. To Earl, a building in Singapore valued at P5,000,000 mortgaged for P2,000,000 assumed by the donee . To Hananiah, parcel of land in Isabela, P1,500,000 To Chen, P100,000 bank deposit in BPI To Kristine, P100,000 bank deposit in Metrobank, U.S. Branch To Gavrie, P500,000 cash

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter25: Taxation Of International Transact Ions

Section: Chapter Questions

Problem 18P

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Juliet, a Filipina made the following donations: To Nick Land in Manila 450,000 To Rosalee Jewelry in Japan 100,000 To Adalind PLDT Shares 150,000 To Renard Building in Italy with mortgage of P50,000 assumed by the done 1,600,000 To Drew Land in Davao 300,000 To Hank Cash in PNB New York 300,000 REQUIREMENT: DONOR’S TAX DUE
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timed task, need help thanks! about transfer taxes
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