Determine the net taxable estate

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Reference no: EM132868530

Question - Property inherited 3 ½ years ago and before the marriage with

A fair market value then of P1,500,000 P2,000,000

Property acquired with own money P6,000,000

Other Property P2,000,000

Deductions (except standard deduction) P1,000,000

Required -

1. Determine the net taxable estate if the spouses were under the absolute community of property?

2. Determine the net taxable estate if the spouses were under the conjugal partnership of gains?

Reference no: EM132868530

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