INSTITUTE OF ACCOUNTS BUSINESS AND FINANCE

1st Sem
Department of Accountancy 2020
TRANSFER AND BUSINESS TAXATION

ASSIGNMENT 1 – FILING OF ESTATE TAX RETURN

Instructions:
1. Download excel file of BIR Form 1801 Version 2018 at www.bir.gov.ph.
2. Input ALL the necessary information in the return (see below).
3. Compute the estate tax payable, if any.
4. Submit in Canvas.

Relevant information:

Juan Reyes Dela Cruz, single and a Filipino citizen, died on February 14, 2020. At the time of his death,
he resides in N. Reyes St., Sampaloc, Manila.

In filing his estate tax return, the BIR RDO No. 032 – Manila assigned Taxpayer Identification No. 123-
456-789-0000 to his estate. On the other hand, YOU, as the administrator of his estate was given TIN no.
987-654-321-0000.

The following are the composition of his estate:

1. Lot
2. House and Lot (Family home)
3. Cash (Bank of Macabebe – Account No. 14344) – Php 2,000,000.00

Additional information:
Details Lot House and Lot
Title No. 001 002
Tax Declaration No. - Land 11-01 11-02
Tax Declaration No. - House 11-03
Location San Isidro, Macabebe, Pampanga N. Reyes St, Manila
Area 100 sqm 100sqm
Classification Agricultural Residential

Details Zonal Value Assessed Value

Lot in Pampanga Php 3,000,000.00 Php 1,000,000.00
Lot in Manila Php 3,000,000.00 Php 2,000,000.00
House Php 2,000,000.00

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