PHILIPPINE ASSOCIATION of CERTIFIED TAX TECHNICIANS

ONLINE SEMINAR
JANUARY-FEBRUARY 2021

SEASON 2 - DONOR’S TAX

Mr. and Mrs. Alba gave the following donations:

05/03/19 Community property valued at P400,000 donated to Barbado, legitimate son who got
married January 1, 2018.
07/14/19 Exclusive property donated to Carla, legitimate daughter who got married June 1,
2018. Value– P500,000.
12/30/19 Community property donated to Carla. The dowry has a market value of P800,000
08/05/20 Community property donated to Dianne, P700,000 with an unpaid mortgage of
P150,000 assumed by the donee.
Exclusive property to ABC Corporation, cash of P200,000.
Community property worth P150,000 or Personal Protective Equipment (PPE) against
Covid 19 to The Medical City Hospital, Mandaluyong City.
1. The gift tax payable of Mrs. Alba on the May 3 donation is
A. P 3,000 C. P 800 E. None of the above
B. 5,600 D. None

2. The gift tax payable of Mr. Alba on the July 14 donation is

A. P 21,800 C. P 30,000 E. None of the above
B. 27,000 D. 6,400

3. The gift tax payable of Mrs. Alba on the December 30 donation is

A. P 45,000 C. P 8,200 E. None of the above
B. 21,000 D. 15,800

4. Donor’s tax payable by Mr. Alba on the December 30 donation is

A. P 45,000 C. P 24,000 E. None of the above
B. 21,000 D. 51,000

5. Donor’s tax payable on Mr. Alba on August 5, 2020 donation is

A. P 45,000 C. P28,500 E. None of the above
B. 9,000 D. 13,500

Problem
Date of donation November 20, 2020
Donor’s TIN 122-672-007
RDO Code 056
Donor’s Name Juan San Jose San Andres, Sr
Registered Address 21 Santos St., Bgy. Sagrado, San Pascual City
ZIP Code 1002
Residence Address 21 Santos St., Bgy. Sagrado, San Pascual City
Contact Number 0998 7653412
Email Address jusajosaan@yahoo.com
Donee’s Name Juan San Miguel San Andres, Jr
Donee’s TIN 897-403-652
Donated Property:
A parcel of agricultural land situated in Bgy Sagrado, San Pascual City measuring 10,450
square meters with TCT No. 2012-5678902 and Tax Declaration No. 15-00851 with a fair
market value of P836,000 and a zonal value of P200 per square meter.
The land is mortgaged with BDO in the amount of P200,000. The donee promised that he
will assume the mortgage on the property.

PREPARE BIR Form No. 1800.

Compute DOCUMENTARY STAMP TAX using BIR FORM NO. 2000-OT.