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  • Business Tax CHAPTER 3

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    Rommel estrellado
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    The document discusses key dates and provisions of the Philippine Family Code regarding property ownership between spouses. Before August 3, 1988 conjugal partnership of gains was in effect, while after that date absolute community of property took effect. It also mentions that percentage tax should be deducted as an itemized deduction for income tax but not estate tax, and that a loss occurring after a decedent's death but before filing an estate tax return is deductible.

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    The document discusses key dates and provisions of the Philippine Family Code regarding property ownership between spouses. Before August 3, 1988 conjugal partnership of gains was in effect, while after that date absolute community of property took effect. It also mentions that percentage tax should be deducted as an itemized deduction for income tax but not estate tax, and that a loss occurring after a decedent's death but before filing an estate tax return is deductible.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    4 views21 pages

    Business Tax CHAPTER 3

    Uploaded by

    Rommel estrellado
    The document discusses key dates and provisions of the Philippine Family Code regarding property ownership between spouses. Before August 3, 1988 conjugal partnership of gains was in effect, while after that date absolute community of property took effect. It also mentions that percentage tax should be deducted as an itemized deduction for income tax but not estate tax, and that a loss occurring after a decedent's death but before filing an estate tax return is deductible.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 21

    10m

    signed by corazon aquino the family code

    before august 3 1988 conjugal partnership of gains


    after august 3 1988 absolute community of property

    percentage tax shuold be deducted as an itemized deduction for income tax purpose sand not for estate tax purposes
    loss happens after the death of the decedent but before
    the filing of estate tax return
    gratuitous transfer happens upon the death of decedent.
    (under yt)
    new initial basis / TGE
    x LIT + TPU

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