FORMAT OF COMPUTATION:

Exclusive Common
Gross Estate XXX XXX
Less: Deductions (XXX) (XXX)
Net Estate before share of surviving spouse XXX XXX
Less: Share of surviving spouse -
Net Estate before special deductions XXX XXX
Less:
Special Deductions
Family Home
Standard Deductions
Medical Expenses
Taxable Net Estate
Tax Due
Less: Estate Tax Credit
Tax Payable
Total
XXX
(XXX)
XXX

XXX

(XXX)
(XXX)
(XXX)
XXX
XXX
(XXX)
XXX
FORMAT OF COMPUTATION:

Gross Estate
(+) Real or Immovable Property
(+) Tangible Personal Property
(+) Intangible Personal Property
+Resident/Citizen
-Non resident Alien with reciprocity
+Non resident Alien without reciprocity
(+) Certain kinds of transfer
+Trnsfr in contemplation of death
+Revocable Transfer
+Trnsfr under the gen. power of apptmnt

+Trnsfr with retention of certain rights

+Trnsfr for insufficient fund
(+) Family Home
(+) Other Items
+Proceeds of Life Insurance
+Proceeds of Life Insurance
(-)3rd P is irrevocably designated as beneficiary
(-)Proceeds/benefit fr SSS or GSIS
(-)Proceeds come fr group insurance
+Claims against insolvent Persons
(-)Uncollectible amt of claims is deducted in GE
(-)Exemptions or exclusion from GE
+Merger of the usufruct in d owner of naked title
+Transm.of inheritanceof fiduciary heir to the fideicommissary
+Transm frm the first Heir to am=nother with the WILL of Pred.
+Transfr to social welfare,cultural & charitable inst
Less: Allowable Deductions
Net Estate before share of surviving spouse
Less: Share of surviving spouse
Net Estate before special deductions
Less:
Special Deductions
Family Home
Standard Deductions
Medical Expenses
Taxable Net Estate
Tax Due
Less: Estate Tax Credit
Tax Payable

Situated in PH
Franchise - exer in PH

Shares of Stocks -Organized in PH, if foreign 85% of its operation

Shares - partnp, buss
Receivable -debtor is resident of PH
Shares,obli issued ny Foreign Corp but have acquired a buss situe in PH
 Motives that preclude a Transfer - contemplation of death (not allowed)
1 To relieve donor fr the burden of mgt
2
 Measurement

>Land,Bldg - fixed on the ground

>Equpt,Fur,Machines,Jewelry
>Recbles,bills&coins,bank dep,shares of stocks,bonds,franchise

>Intangible situated in PH - not included in GE

>Intangible situated in PH -included in GE. For country don't have-any kind of
death taxes, with death tax but allows exemption to Fil

>thought of death
>enjoyment of prop may be revoked by decedent
>dec was given auth to hold prop during his lifetime & name beneficiaries when
he dies
>dec retains for himself the economic benefit of prop & to designate person who
may exercise such rights

Estate,Executor,Administrator - revocable or irrevocable

Wife as beneficiary -revocable

Full amount in included in GE

no income pass on to d benefit of private ind & not more than 30% of such shall
be used for administrative purpose

1/2 share on conjugal property

up to 1 million
P 1,000,000
Exclusive Common Total
XXX XXX XXX

(XXX) (XXX) (XXX)

XXX XXX XXX
-
XXX XXX XXX

(XXX)
(XXX)
(XXX)
XXX
XXX
(XXX)
XXX