Format (by RR 2-2003) on Married Decedents

Note: Assumed Amounts

NET ESTATE OF MR/S. Abu Bakal
(Filipino and Married decedent)
Died on _________
GROSS ESTATE:
Personal properties
Inherited Farm
Family Home
Claims against Insolvent
Persons
Receivable under RA 4917

Exclusive

Conjugal/community

P 500,000
1,000,000

P 2,000,000

TOTAL

4,000,000
300,000

GE
P 1,800,000
Less: ORDINARY DEDUCTIONS
ELITE:
Funeral Expenses
Judicial Expenses
Claims ag. The Estate
Claims ag. Insolvent Person
Casualty Loss
Unpaid Mortgage
Unpaid Taxes
TRANSFER FOR PUBLIC USE
400,000
VANISHING DEDUCTION
200,000

200,000
P 6,200,000

P 8,000,000

100,000
200,000
250,000
200,000
220,000
80,000
150,000

TOTAL ORDINARY DEDUCTIONS

P 600,000
P 1,200,000
P
1,800,000
NET ESTATE BEFORE SPECIAL DEDUCTION
P 1,200,000
P 5,000,000
P 6,200,000
Less: SPECIAL DEDUCTIONS
Family Home
P 1,000,000
Standard Deduction
1,000,000
Medical Expenses
500,000
Amount Received under RA 4917
300,000
P
2,800,000
NET ESTATE BEFORE SHARE OF SURVIVING SPOUSE
P 3,400,000
Less: SHARE OF THE SURVIVING SPOUSE ( P 5,000,000 X 50% )
P 2,500,000
NET TAXABLE ESTATE
P
900,000