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Mendoza, Emir-Deogene V.

Exclusive Conjugal Total

Conjugal Properties
Conjugal real properties 4,000,000.00 4,000,000.00
(excluding family home)
Conjugal personal properties
(Cash) 10,000,000.00 10,000,000.00

Total Conjugal Properties


(excluding family home) 14,000,000.00 14,000,000.00

Exclusive Properties
Exclusive real properties
Real Property 1 500,000.00 500,000.00
Real Property 2 1,250,000.00 1,250,000.00
Real Property 3 1,750,000.00 1,750,000.00
Total exclusive real properties 3,500,000.00

Exclusive personal
properties (watch) 2,000,000.00 2,000,000.00
Total Exclusive Properties 5,500,000.00 5,500,000.00

House and lot (Family Home) 20,000,000.00 20,000,000.00

Gross Estate 5,500,000.00 34,000,000.00 39,500,000.00

Less:
Ordinary deductions
Conjugal ordinary deductions
Claims against the estate
during the marriage (500,000.00) (500,000.00)
Transfers for public use (100,000.00) (100,000.00)

Exclusive deductions (750,000.00) (750,000.00)


Property previously taxed
(Vanishing deduction)
Real property 1 (482,855.00) (482,855.00)
Real property 2 (965,845.00) (965,845.00)
Real property 3 (965,845.00) (965,845.00)
Watch (386,338.00) (386,338.00)
Total vanishing deduction (2,800,883.00) (2,800,883.00)

Total ordinary deductions (3,550,883.00) (600,000.00) (4,150,883.00)

ESTATE AFTER DEDUCTIONS 1,949,117.00 33,400,000.00 35,349,117.00

Special deductions
Family home (10,000,000.00)
Standard deduction (5,000,000.00)
Total (Special) Deductions (15,000,000.00)

NET ESTATE 20,349,117.00


Less: 1/2 Share of Surviving
(16,700,000.00)
Spouse
Conjugal Property 34,000,000.00
Conjugal Deductions (600,000.00)
Net Conjugal Estate 33,400,000.00
(33,400,000/2)

NET TAXABLE ESTATE 3,649,117.00


Tax rate 6.00%
TAX DUE 218,947.02
Mendoza, Emir-Deogene V. Exclusive Conjugal Total

Conjugal Properties
Conjugal real properties 4,000,000.00 4,000,000.00
(excluding family home)
Conjugal personal properties 10,000,000.00 10,000,000.00
(Cash)
Total Conjugal Properties 14,000,000.00 14,000,000.00
(excluding family home)

Exclusive Properties
Exclusive real properties
Real Property 1 500,000.00 500,000.00
Real Property 2 1,250,000.00 1,250,000.00
Real Property 3 1,750,000.00 1,750,000.00
Total exclusive real properties 3,500,000.00

Exclusive personal 2,000,000.00 2,000,000.00


properties (watch)
Total Exclusive Properties 5,500,000.00 5,500,000.00

House and lot (Family Home) 20,000,000.00 20,000,000.00

Gross Estate 5,500,000.00 34,000,000.00 39,500,000.00

Less:
Ordinary deductions
Conjugal ordinary deductions
Claims against the estate
during the marriage (500,000.00) (500,000.00)
Transfers for public use (100,000.00) (100,000.00)
Exclusive ordinary deductions
Unpaid mortgage (750,000.00) (750,000.00)
Property previously taxed
(Vanishing deduction)
Real property (2,414,556.96) (2,414,556.96)
Watch (386,329.11) (386,329.11)
Total vanishing deduction (2,800,886.08) (2,800,886.08)

Total ordinary deductions (3,550,886.08) (600,000.00) (4,150,886.08)

ESTATE AFTER DEDUCTIONS 1,949,113.92 33,400,000.00 35,349,113.92

Special deductions
Family home (10,000,000.00)
Standard deduction (5,000,000.00)
Total Special Deductions (15,000,000.00)

NET ESTATE 20,349,113.92


Less: 1/2 Share of Surviving (16,700,000.00)
Spouse
Conjugal Property 34,000,000.00
Conjugal Deductions (600,000.00)
Net Conjugal Estate 33,400,000.00
(33,400,000/2)

NET TAXABLE ESTATE 3,649,113.92


Tax rate 6.00%
TAX DUE 218,946.84
Mendoza, Emir-Deogene V.
Real properties Watch Real property 1 Real property 2 Real property 3 Watch
STEP 1: Lower value 3,000,000.00 2,000,000.00 500,000.00 1,000,000.00 1,500,000.00 2,000,000.00

STEP 2: Initial basis


Less: Paid mortgage (500,000.00) 0.00 0.00 0.00 (500,000.00) 0.00
Initial basis 2,500,000.00 2,000,000.00 500,000.00 1,000,000.00 1,000,000.00 2,000,000.00

STEP 3: Proportionate deduction from the initial


basis
LIE + TPU (Losses, indebtedness, etc. plus transfers for
public use) 1,350,000.00 1,350,000.00 1,350,000.00 1,350,000.00 1,350,000.00 1,350,000.00
Initial basis 2,500,000.00 2,000,000.00 500,000.00 1,000,000.00 1,000,000.00 2,000,000.00
Gross estate 39,500,000.00 39,500,000.00 39,500,000.00 39,500,000.00 39,500,000.00 39,500,000.00
Initial basis over gross estate 6.33% 5.06% 1.27% 2.53% 2.53% 5.06%
Proportionate deduction (LIE + TPU times initial basis
over gross estate) 85,443.04 68,354.43 17,145.00 34,155.00 34,155.00 68,310.00

STEP 4: Basis of vanishing deduction


Initial basis 2,500,000.00 2,000,000.00 500,000.00 1,000,000.00 1,000,000.00 2,000,000.00
Less: Proportionate deduction allowed (85,443.04) (68,354.43) (17,145.00) (34,155.00) (34,155.00) (68,310.00)
Final basis of vanishing deduction 2,414,556.96 1,931,645.57 482,855.00 965,845.00 965,845.00 1,931,690.00

STEP 5: Choosing percentage of deduction level


Final basis of vanishing deduction 2,414,556.96 1,931,645.57 482,855.00 965,845.00 965,845.00 1,931,690.00
Multiply by percentage of deduction level 100.00% 20.00% 100.00% 100.00% 100.00% 20.00%
Vanishing deduction 2,414,556.96 386,329.11 482,855.00 965,845.00 965,845.00 386,338.00

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