To start formally There are three property regimes established by Philippine Law.

Namely;
Conjugal Partnership of Gains (CPG); the next is an Absolute Community of Property (ACP);
and lastly, a Complete Separation of Properties.

Of course I am task to only explain the absolute community of property based on my

understanding. So lets start with the definition.
According to article 88 of family code
absolute community of property starts from the time the marriage is celebrated. It cannot be
modified during the marriage; hence, any agreement must be done prior to contracting the
marriage
also it is stated in article 91 of the family code that…all properties owned by the spouses before
the marriage and those that they acquire during the marriage shall form part of the absolute
community and is shared equally by husband and wife
But there is a general rule
 It is stated that…any property acquired during the marriage is presumed to belong to the
community, unless it is shown that it is excluded in the following:
•Property acquired during the marriage by gratuitous title such as by way of donation or
inheritance unless the donor testator or grantor provides that they shall form part of the
community property. So, if one of the spouses inherited a property during the marriage, his/her
future spouse will not co-own that property as well as the fruits and income therefrom.
Property for personal and exclusive use of either spouse. Jewelry is not considered excluded
under this; hence, it is part of the community property.
Property acquired before the marriage if the acquiring party has legitimate descendants
(children, grandchildren) by a former marriage. The fruits and income of such property are also
excluded.

Also there are chargeable expenses to such regime.

Taxes and expenses for mere preservation made during marriage
The support of illegitimate children of either spouse
xpenses of litigation between the spouses unless the suit is found to be groundless