Zoelle, married, died leaving a family valued at P15,000,000 composed of the house (conjugal) and the lot (exclusive). 70% of the value of the family home pertains to the house while 30% pertains to the lot. How much family home deduction can be deducted from the gross estate?
Zoelle, married, died leaving a family valued at P15,000,000 composed of the house (conjugal) and the lot (exclusive). 70% of the value of the family home pertains to the house while 30% pertains to the lot. How much family home deduction can be deducted from the gross estate?
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 40P
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Zoelle, married, died leaving a family valued at P15,000,000 composed of the house (conjugal) and the lot (exclusive). 70% of the value of the family home pertains to the house while 30% pertains to the lot.
How much family home deduction can be deducted from the gross estate?
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