Mr. and Mrs. Lapigo, made the following donations during 2022: Date: Feb 14 Particulars: Land worth P800,000 to their legitimate son, Caloy, on account of marriage dated February 10, 2021. The car was mortgaged for P200,000, only 50% of the mortgage was assumed by the donee. Date: March 30 Particulars: To Mr. Lapigo's brother, his capital property (Car) worth P200,000 on account of marriage 3 months ago. They agreed that the donee shall pay the donor's tax thereon. Based on the information above, how much is the total documentary stamp tax?

Mr. and Mrs. Lapigo, made the following donations during 2022: Date: Feb 14 Particulars: Land worth P800,000 to their legitimate son, Caloy, on account of marriage dated February 10, 2021. The car was mortgaged for P200,000, only 50% of the mortgage was assumed by the donee. Date: March 30 Particulars: To Mr. Lapigo's brother, his capital property (Car) worth P200,000 on account of marriage 3 months ago. They agreed that the donee shall pay the donor's tax thereon. Based on the information above, how much is the total documentary stamp tax?

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter27: The Federal Gift And Estate Taxes

Section: Chapter Questions

Problem 37P

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