Estate Tax Payable

Illustration: Mr. Ice, a resident citizen, died living the following properties and estate deductions as
follows:

Properties Mr. Ice Mrs. Ice Conjugal Properties

Located in the Philippines
Personal Properties 1,400,000.00 1,100,000.00 2,500,000.00
Family Home 5,000,000.00
Other Real Properties 1,300,000.00 1,800,000.00 4,000,000.00
Total Philippine Properties 2,700,000.00 2,900,000.00 11,500,000.00
Located Abroad
Personal Properties 2,000,000.00 1,000,000.00 4,000,000.00
Real Properties 1,000,000.00 2,500,000.00 3,500,000.00
Total Foreign Properties 3,000,000.00 3,500,000.00 8,200,000.00
World Properties 5,700,000.00 6,400,000.00 19,700,000.00

The executor of Mr. Ice compiled the following expenses and deductions which are matched to their
respective sources:

Philippines and Abroad Mr. Ice Mrs. Ice Conjugal Properties

Funeral Expenses 250,000.00 0.00 350,000.00
Judicial Expenses 600,000.00
Obligations 1,000,000.00 1,800,000.00 2,000,000.00
Losses 200,000.00 400,000.00 300,000.00
Medical Expenses 400,000.00 200,000.00

Estate Tax Payable

Illustration: An unmarried Filipino, Mr. Ice, a resident citizen, died living the following properties and
estate deductions as follows:

Properties Philippines Abroad Total

Motorcycle 120,000.00 - 120,000.00
Business Interests 1,500,000.00 800,000.00 2,300,000.00
Family Home 4,000,000.00 4,000,000.00
Other Personal Properties 200,000.00 100,000.00 300,000.00
Gross Estate 5,820,000.00 900,000.00 6,720,000.0.0
The following expenses and deductions which are matched to their respective sources:

Funeral Expenses 180,000.00 40,000.00 220,000.00

Judicial Expenses 40,000.00 30,000.00 70,000.00
Obligations 300,000.00 200,000.00 500,000.00
Losses 50,000.00 50,000.00 100,000.00
Medical Expenses 150,000.00 400,000.00 550,000.00