Estate Tax Return – BIR Form 1801 13.

All bequests, devises, legacies, or transfers to social

welfare, cultural, and charitable institutions, provided
GROSS ESTATE COMPUTATION that no part of its net income inures to any individual;
Inventory of Properties at point of death xx not more that 30% of the same will be used for
Less: Exempt Transfers administrative purposes. Cash is not exempted.
Properties not owned (1-7) xx 14. Acquisitions or transfers expressly declared by law
Legal exclusions (8-15) xx xx as non-taxable
Inventory of Properties (Present) xx 15. Bank deposits withdrawn from the decedent account
Add: Taxable Transfers xx u during settlement of the estate. If made 1 year from
Gross Estate xx . decedent’s death, bank withholds 6% final tax. If not
subject to 6% tax, included sa gross estate. If subject to
Exempt Transfers 6% tax, excluded at gross (xxx/94%)
1. When decedent is a usufruct holding a property meant
for the owner of the naked title Taxable Transfers
2. When decedent is a fiduciary heir and is holding a 1. Transfers in contemplation of death
property meant for a fideicommissary 2. Revocable transfers, including conditional transfers
3. Transfers under special power of appointment (when 3. Property passing under general power of appointment
decedent is a “first heir” transferring properties to 2 nd
heir according to desire of predecessor) Valuation (Fair Value)
4. Proceeds of irrevocable life insurance policy payable – Encumbrances or decrease after death is ignored.
to beneficiary other than estate, executor, or – Fair value at death – consideration paid
administrator. If beneficiary is Est, Ex, or Adm, it is 1. Real Properties – higher of zonal value (CIR) or
included whether irrevocable or revocable. assessor’s value (market value from latest tax
5. Properties held in trust declaration)
6. Separate properties of the surviving spouse (buo) 2. Shares of Stocks – preferred (at par), unlisted
7. Transfer by way of bona fide sales common (book value), listed common (mean
8-12. Properties acquired using proceeds or benefits of highest and lowest price)
from GSIS, SSS, ASVA, group insurance, or war 3. Other Properties (pg. 479
damage payments.
EXCISE TAX + Other Inland Costs + Customs Duties
Gross selling price – price excluding VAT + Excise Tax . + Excise Tax .
Imported goods: Transaction Value . Total Landed Costs
Excise Tax = Wholesale Price x Excise Tax % x Customs Duties % . x 12%
Customs Duties VAT on Importation
Purchase Price
Purchase Price + Other Inland Costs
WHO IS LIABLE AND WHEN TO FILE/PAY?
 Domestically Produced
General rule: PRODUCER or MANUFACTURER
General rule: Before removal
Except:
1. Indigenous petroleum, natural gas, or liquefied natural gas
Local Sale – first buyer or assignee
Export Sale – owner, lessee, concessionaire, or operator of mining
claim
2. Removal without payment
– owner or person having possession of excisable goods
Except: Mineral or mineral products (within 15 days after end of
calendar quarter of removal)
 Imported
General rule: IMPORTER
General rule: Before removal from Customs
Except: When subsequently sold to non-exempt buyer who shall be
liable of the tax

EXPORT
– Tax refund or tax credit except for mineral products (except
coal and coke)