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Gross Estate

Gross Estate

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Published by CessBacungan

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Categories:Types, Brochures
Published by: CessBacungan on Dec 19, 2009
Copyright:Attribution Non-commercial

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11/17/2012

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Gross Estate
Maria Princess G. BacunganDecember 7, 2009
 
Definition of Estate Tax
A tax on the right of transmitting property atthe time of death and on the privilege that aperson is given control to a certain extent tothe disposition of his property to take effectupon death.
 
Purposes of Estate Tax
Benefit – received theory
Privilege theory
Ability to pay theory
Redistribution of wealth theory

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