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Donor's Tax
Donor's Tax
1. For the donation to be considered valid, acceptance of the donation must be made.
a.
b.
c.
d.
2. First statement: Donors tax shall be levied, assessed collected and paid upon the
transfer of property by any person , resident or non-resident as a gift.
Second statement: For the purpose of donors tax, a stranger is a person who is
not a relative by consanguinity in the collateral line within the fifth degree of
relationship.
a.
b.
c.
d.
True, True
False, False
True, False
False True
3. One of the following donees will not entitle the donor-parent to a P10,000 dowry
exemption.
a.
b.
c.
d.
Legitimate Child
Recognize Natural Child
Adopted Child
Stepchild
5. First statement: In all cases, void donations are not subject to donors tax.
Second statement: Every donation between the spouses during the marriage shall
be void.
a.
b.
c.
d.
6. Mr. John Samuelson, resident alien, donated a piece of jewelry to his son who got
married on January 15, 2009. The piece of jewelry was mailed to his son on
January 10, 2009 and was accepted on January 20, 2009. When is the last day to
file the donors tax return?
a.
b.
c.
d.
February 9, 2009
February 14, 2009
February 19, 2009
March 20, 2009
7. When a property is donated in contemplation of death the basis of the tax shall be:
a.
b.
c.
d.
10. First statement: A donation on which the donors tax is net paid is a valid donation
Second statement: Title to a tax exempt donation of a real property cannot be
transferred to the donee in the Register of Deeds unless the donors tax on the
donation had been paid
a.
b.
c.
d.
True, True
False, False
True, False
False, True
Orally
Writing
Either A or B
Neither A or B
13. Using the preceding number, the donation and acceptance should be in writing if
the value of the property donated is:
a.
b.
c.
d.
In writing
In public instruments
Either A or B
Orally
15. Using the preceding number, acceptance by the donee may be made:
a.
b.
c.
d.
16. A. For the purpose of donors tax, second degree cousins are strangers to each
other.
B. Encumbrance of the property donated, if assumed by the donor is deductible
for the donors tax purposes.
a.
b.
c.
d.
True, True
True, False
False, True
False, False
17. A. As a rule, donation between husband and wife during marriage is void
B. Donation can be made to conceived or unborn children
a.
b.
c.
d.
True, True
True, False
False, True
False, False
19. A donation which is intended by the donor to take effect during his lifetime
a.
b.
c.
d.
Shall be subject to donors tax using the tax table for donation
Shall be in writing if the value exceeds P 5,000
Donation inter vivos
A, B and C
20. A. gift is perfected from the moment the donor effects the delivery either actual or
constructively of the property donated.
B. Donors tax is a property tax imposed on the property transferred by way of gift
inter-vivos
a. True, True
ANSWER KEY
b. True, False
c. False, True
d. False, False
1. C
2. C
3. D
4. C
5. C
6. C
7. C
8. B
9B
10. C
11. A
12. C
13. D
14. B
15. C
16. B
17. A
18. D
19. C
20. D