EXCLUSIVE COMMON

RP QC ₱ 20,000,000
RP Batangas ###
RP Cavite 4,000,000
Other exclusive ###
Other common 3,000,000
GROSS ESTATE ### ₱ 27,000,000
ORDINARY DEDUCTIONS:
Mortgage Payable - 5,000,000
Vanishing deduction ###
NET ESTATE ### ₱ 22,000,000
Share of the Surviving Spouse
Standard deduction
Family Home (P20M/2)
NET TAXABLE ESTATE
Estate tax rate
ESTATE TAX DUE/PAYABLE

Value to take/initial basis ###

Proportional deduction:
10/40 x P5,000,000 ###
Final Basis ###
x 60%
Vanishing Deduction ###

Gross Estate Pxx

LESS:
Ordinary Deductions (xx)
Special Deductions (xx)
Net Taxable Estate Pxx
x Estate Tax rate 6%
Less: Estate tax credit (xx)
Estate Tax Payable Pxx
 TOTAL

₱ 40,000,000

-₱ 5,000,000
- 5,250,000.00
₱ 29,750,000
- 11,000,000
- 5,000,000
- 10,000,000
₱ 3,750,000
6%
₱ 225,000