LOURDIOS J.

EDULLANTES

EXCLUSIVE COMMUNAL
RESIDENTIAL HOUSE & LOT (FAMILY HOME) 3,000,000
INHERITED PROPERTY 2,500,000
PROPERTIES UNDER R.A. 4917 15,300,000
GROSS ESTATE 17,800,000 3,000,000
LOSSES 225,000
CLAIMS AGAINST THE INSOLVENT PERSON 200,000
CLAIMS AGAINST THE ESTATE 300,000
TRANSFER FOR PUBLIC USE 150,000
VANISHING DEDUCTIONS 1,478,846.15
ORDNARY DEDUCTIONS 1478846.153912 875,000
NET EXCLUSIVE/COMMON 16,321,154 2,125,000
LESS: FAMILY HOME
LESS: STANDARD DEDUCTION
LESS: SURVIVING SPOUSE NETCOMMON/2
NET TAXABLE ESTATE
TOTAL
3,000,000
2,500,000
15,300,000
20,800,000
225,000
200,000 INITIAL BASIS
300,000 LESS: (2M/20.8M)*1,575,000
150,000 FINAL BASIS
1478846.153912 MULTIPLY BY V RATE
2,353,846 VANISHING DEDUCTIONS
18,446,154
1,500,000
5,000,000
712,500
11,233,654
 2,000,000
151,442.31
1,848,557.69239
80%
1478846.153912