Nicanor, head of the family, died in 2020. The list of his properties is given below: House and lot (family home) - Php 25,000,000 Cash in bank (Philippines) - Php 5,000,000 Jewelries - Php 5,000,000...

Nicanor, head of the family died in 2020. The list of his properties. How much is estate taxNicanor, head of the family, died in 2020. The list of his properties is<br>given below:<br>House and lot (family home) - Php 25,000,000<br>Cash in bank (Philippines) - Php 5,000,000<br>Jewelries - Php 5,000,000<br>Personal properties - Php 5,000,000<br>During settlement of estate, the following information were<br>provided:<br>Funeral and judicial expenses - Php 1,000,000<br>Claims against estate (unpaid medical expenses) Php 2,000,000<br>Claims against the estate (loan) - Php 2,000,000<br>Losses - Php 2,000,000<br>How much is estate tax due?<br>

Extracted text: Nicanor, head of the family, died in 2020. The list of his properties is given below: House and lot (family home) - Php 25,000,000 Cash in bank (Philippines) - Php 5,000,000 Jewelries - Php 5,000,000 Personal properties - Php 5,000,000 During settlement of estate, the following information were provided: Funeral and judicial expenses - Php 1,000,000 Claims against estate (unpaid medical expenses) Php 2,000,000 Claims against the estate (loan) - Php 2,000,000 Losses - Php 2,000,000 How much is estate tax due?

Jun 11, 2022
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