Ir. Segundo Primero died. H nildren, Pedro and Juan. Th roperty in favor of their two onor's tax?
Ir. Segundo Primero died. H nildren, Pedro and Juan. Th roperty in favor of their two onor's tax?
Chapter18: The Federal Gift And Estate Taxes
Section: Chapter Questions
Problem 1BCRQ
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timed task. need help. thanks!
about transfer taxes.
Transcribed Image Text:Mr. Segundo Primero died. His only heirs are his wife and their two (2}
children, Pedro and Juan. The wife renounced her share in common
property in favor of their two children. Was the renunciation subject
donor's tax?
Yes, because the renuncíation by the surviving spouse of hís/her share in
the conjugal partnership or absolute community after the dissolution of the
marriage was done in favor of specified heirs.
Yes, because what was renounced is her share in the conjugal partnershíp or
absolute community after the dissolution of the marriage in favor of the
heirs of the deceased spouse or any other person/s.
No, because, as a rule, the surviving spouse cannot renounce her share in
the conjugal partnership or absolute community after the dissolution of the
marriage.
No, because the renunciation by the surviving spouse of his/her share in
the conjugal partnership or absolute community after the dissolution of the
marríage was not done in favor of a specified heir to the exclusion or
disadvantage of the other co-heirs.
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