ICCT Colleges Foundation, Inc.

TRANSFER and BUSINESS TAXATION (BLO4)

CHAPTER 4 - ACTIVITY

PROBLEM SOLVING:

Direction: Explain Solve the following problem. Show your solutions.

1. Arturo died leaving the following properties:

Rest house in Bulacan, acquired before marriage 6,000,000

Income from rest house in Bulacan 600,000
Condominium in Baguio, brought to marriage by wifE 3,600,000
Income from condominium in Baguio 360,000
Town house in Rizal, acquired during marriage 10,500,000
Income from town house in Rizal 1,050,000
Car, inherited by wife during marriage
(the decedent providing his will that it shall form part
of the common properties of the souses) 1,300,000
Jewelry, acquired during marriage for
exclusive use of the wife 200,000

Required:
a. How much is the conjugal properties under Conjugal Partnership of
Gains?

b. How much is the gross estate under Conjugal Partnership of Gains?

c. How much is the community properties under Absolute Community of

Property?