Name:

Program:
Year:
Submission Date:

Instruction: Place your handwritten solutions on a piece of paper. Scan or capture your output in
portrait. Attach the file prior to submission.

Problem

Juan, a citizen of the Philippines, made these donations:

 To Pedro, a parcel of land worth P4,500,000 located in Pasig

 To Amber, a parcel of land worth P1,000,000 located in Malaysia
 To Roger, PLDT shares amounting to P1,500,000
 To Aby, a building in Belgium worth P2,000,000 mortgaged for P500,000 assumed by the donee.
 To Alex, land in Pampanga worth P3,000,000
 To Jamylle, P500,000 cash in PNB New York

Juan has also transferred the following properties:

Fair Market Value Selling Price

Car, Alabang P 600,000 P 400,000
Car, Malaysia 600,000 400,000
Land in Mactan, Cebu 1,000,000 1,000,000

Required:

Determine the amount of gross gifts subject to donor’s tax assuming the donor is
a) Resident alien
b) Non-resident alien with reciprocity