EXCLUSIVE COMMUNITY

Land inherited before marriage 6,000,000

Lot and house, acquired by gift before
marriage (family home) 4,000,000

Personal properties acquired before marriage 3,000,000

Cash and personal properties acquired during
marriage 3,000,000 19,000,000
Gross Estate 3,000,000 32,000,000
Claims against estate (2,500,000)
Vanishing deduction, land (2,785,714)
Vanishing deduction, lot and house (3,714,286)
Net estate before Standard Deduction, Family Home and Share of
Surviving Spouse 3,000,000 23,000,000

Net estate before Standard Deduction, Family Home and Share of

Surviving Spouse
Standard Deduction
Family Home 4,000,000
Share of Spouse 50%
Net estate before Share of Surviving Spouse
Community Net Estate before SD, FH and SSS 23,000,000
Share of Spouse 50%
Net Taxable Estate
Tax Rate
Estate Tax
 TOTAL
6,000,000

4,000,000

3,000,000

22,000,000
35,000,000
(2,500,000)
(2,785,714)
(3,714,286)

26,000,000

26,000,000
(5,000,000)

(2,000,000)
19,000,000

(11,500,000)
7,500,000
6%
450,000
 LAND
FMV at death 6,000,000
FMV at transfer 5,600,000
INITIAL BASIS (Lower) 5,600,000
Less: Mortgage paid (600,000)
Balance 5,000,000 5,000,000
Divide by: Gross estate 35,000,000
Percentage 14.29%
Mulitply by: proportionate claims
and transfers for public use 2,500,000 (357,143)
Basis of vanishing deduction 4,642,857
Rate of vanishing deduction 60%
VANISHING DEDUCTION 2,785,714.29

LOT & HOUSE

FMV at death 4,000,000
FMV at transfer 4,500,000
INITIAL BASIS (Lower) 4,000,000
Less: Mortgage paid -
Balance 4,000,000 4,000,000
Divide by: Gross estate 35,000,000.00
Percentage 11.43%
Mulitply by: proportionate claims
and transfers for public use 2,500,000 (285,714)
Basis of vanishing deduction 3,714,286
Rate of vanishing deduction 100%
VANISHING DEDUCTION 3,714,285.71
 PHILIPPINES
EXCLUSIVE CONJUGAL TOTAL
Exclusive properties 30,000,000 - 30,000,000
Conjugal properties (including family home of
P5,880,000 - 10,000,000 10,000,000
Gross Estate 30,000,000 10,000,000 40,000,000
Claims against estate and unpaid mortgages (6,375,000) (1,000,000) (7,375,000)
Net estate before Standard Deduction, Family
Home and Share of Surviving Spouse 23,625,000 9,000,000 32,625,000

PHILIPPINES AUSTRALIA
Net estate before Standard Deduction, Family
Home and Share of Surviving Spouse 32,625,000
Standard Deduction (2,500,000)
Family Home 5,880,000
Share of Spouse 50% (2,940,000)
Net estate before Share of Surviving Spouse 27,185,000
Conjugal Net Estate before SD, FH and SSS 9,000,000 29,800,000
Share of Spouse 50% (4,500,000) 50%
Net Taxable Estate 22,685,000
Tax Rate 6%
Estate Tax 1,361,100

ESTATE TAX PAYABLE

Australia Net estate 21,775,000
World net Estate 44,460,000
Percentage 48.98%
Philippine Estate Tax 2,667,600
Limit 1,306,500
Actual Estate Tax Paid 1,000,000

Philippine Estate Tax 2,667,600

Estate Tax paid - Australia (1,000,000)
ESTATE TAX STILL DUE 1,667,600
 AUSTRALIA TOTAL
EXCLUSIVE CONJUGAL TOTAL
10,000,000 - 10,000,000 40,000,000

- 30,000,000 30,000,000 40,000,000

10,000,000 30,000,000 40,000,000 80,000,000
(625,000) (200,000) (825,000) (8,200,000)

9,375,000 29,800,000 39,175,000 71,800,000

AUSTRALIA TOTAL

39,175,000 71,800,000
(2,500,000) (5,000,000)

- (2,940,000)
36,675,000 63,860,000

(14,900,000) (19,400,000)
21,775,000 44,460,000
6% 6%
1,306,500 2,667,600