1.

ELIT: Expenses, Losses, Indebtedness, Taxes

a. Funeral Expenses

- 5% of gross estate, actual or Php200,000, whichever is lower

a. Judicial expenses of testamentary or intestate proceedings

b. Claims against the estate

c. Claims of the deceased against insolvent persons

d. Unpaid mortgages/indebtedness

e. Unpaid taxes

f. Casualty losses

2. Property previously taxed or vanishing deductions

3. Transfers for public use

4. Family Home (under TRAIN Php10million)

5. Standard Deduction (under TRAIN Php5million)
6. Medical expenses

7. Amount received by heirs under RA 4917

8. Net share of surviving spouse in the conjugal partnership or community property