Problem Solving.

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Real property in Baguio City, he brought into the marriage 300,000
Income of real property in Baguio 60,000
Real property in Cebu City, brought into marriage by wife, Granny Pig 240,000
Income of real property in Cebu City 25,000
House in Pili, Camarines Sur, acquired by Grandpa Pig during marriage 375,000
Income of house in Pili 50,000
Real property in Iloilo City, earned by wife, Granny Pig, during marriage 225,000
Income of real property in Iloilo City 80,000
Tangible personal properties in Manila, inherited by Grandpa Pig before marriage 500,000
Income of properties in Manila 175,000
Intangible personal properties in Singapore, inherited by wife, Granny Pig before 430,000
marriage
Income of intangibles in Singapore 85,000
Tangible personal property in Dagupan City, inherited by Grandpa Pig before 20,000
marriage
Income of property in Dagupan City 10,000
Intangible personal property in Canada, inherited by wife, Granny Pig, before 350,000
marriage
Income of personal property in Canada 85,000

1. Under absolute community of property regime, the total community property of the spouses is?

2. Under absolute community of property regime, the gross estate of Grandpa Pig less share of the surviving
spouse is?

3. In relation with number 2, what is Grandpa Pig’s estate tax due?

4. Under conjugal partnership of gains, the total conjugal properties of the spouses are?

5. Under conjugal partnership of gains, the gross estate of Grandpa Pig is?

6. In relation to number 33, what is Granpa Pig’s estate tax due?

Juling (NRC) died on November 31, 2018 in China, leaving the ff.
Net taxable estate, Philippines 500,000
Net taxable estate, Japan 300,000
Net taxable estate, USA (50,000)
Net taxable estate, China 450,000
Estate tax paid in Japan 20,000
Estate tax paid in China 45,000
7. The estate tax due before tax credit is?
8. The estate tax still due?

Fina Thay died on November 20, 2015. Some of the properties she left are the following
Assets Mode of Date of Market Value
acquisition Acquisition Date Acquired Death of Fina Thay
Land Donation 7-3-11 P 500,000 P350,000
Car Purchase 10-2-14 800,000 980,000
Other Information:
1. The gross estate of the decedent amounts to P3,000,000
2. The land was mortgaged for P50,000 when it was acquired and Fina Thay paid the same before she
died
3. The allowable deductions total P125,000, which includes medical expenses of P30,000. It excludes
bequest to charitable institution in the amount P50,000.
9. The vanishing deduction is?
In 2018, a NRA who died in the Philippines but buries in his home country, had the following data on
his estate
Properties, Foreign Country P 3M
Properties, Philippines 6M
Funeral expenses, Phil 200,000
Funeral expenses, abroad 300,000
Judicial expenses, Phil 80,000
Judicial expenses, abroad 100,000
Unpaid taxes, Phil 74,000
Unpaid mortgage on the property in the Phil 100,000
Unpaid mortgage on the property abroad 180,000
Claims against the estate, abroad 300,000
Estate tax paid abroad 120,000
10. How much is the allowed foreign tax credit?