Beruflich Dokumente
Kultur Dokumente
CONCEPT:
1. Dowries;
1. Donation to Relatives
Exemptions:
Classification of Decedent:
b) Improvements
1) June 10, 1986 to February 4, 1988 - RAMO 3-86
2) February 5, 1988 to February 18, 1991 - RAMO
1-88
3) February 19, 1991 to 1994 - RAMO 2-91
4) 1994-FMV per TD (Latest TD)
c) Shares of stocks, obligations or bonds - RAMO
1-82
5. GSIS proceeds/benefit
a) Funeral expenses:
Requisites:
- the amount of said claims has been initially
included as part of his gross estate.
- the incapacity of the debtor to pay his debt is
proven not merely alleged.
Administrative Requirements:
Exceeds P20,000 Exceeds P200,000 Exceeds P2,000,000
1. Notice of death Yes Yes Yes
(within 2 months)
2. Estate tax return No Yes Yes
(within 6 months,
extension-not
exceeding 30 days)
3. CPA certificate No No Yes
(within 6 months)
Additional Requirement:
There is an additional requirement of
registering the estate of the decedent and
getting a separate TIN for the estate
pursuant to Sec. 236(I) of the R.A. 8424.