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TAXATION
Ballada & Ballada
Presented by
ATTY DON ADA DUPIO
1. INTRODUCTION
MODES OF ACQUIRING
OWNERSHIP
1. Occupation the property seized is without a
known owner.
2. Intellectual Creation the composer owns
his musical creation while the author owns his
literary, legal, historical, scientific or other
works.
3. Donation an act of liberality whereby a
person disposes gratuitously of a thing or right
in favor of another, who accepts it.
2. BASIC CONCEPTS OF
SUCCESSION
A. Kinds of Succession
1. Testamentary or testate is that which
results from the designation of an heir, made
a will executed in the form prescribed by law.
2. Legal or intestate is that effected by
operation of law since the decedent did not
execute a will.
3. Mixed is that effected partly by will and
partly by operation of law.
B. Elements of Succession
1. Death of the decedent or testator.
2. Inheritance. includes all property, rights and
obligations of a person which are not
extinguished by his/her death.
3. Successors. heirs, devisees and legatees.
4. Acceptance. it may be express or tacit.
C. Testamentary Succession
Definition of terms
1. Will is an act whereby a person is permitted,
with the formalities prescribed by law, to
control to a certain degree the disposition of
his estate to take effect after his/her death.
2. Codicil is an instrument that amends the
provision of a will.
3. Probate of a will is the court procedure by
which a will is proved to be valid or invalid.
4. Holographic will is a will written entirely by
the testator with his own hand and not
witnessed or attested.
C.6. Disinheritance.
Disinheritance can be effected only through a
will wherein the legal cause therefor shall be
specified.
Sufficient causes for the disinheritance of
children:
1. When a child or descendant has been found
guilty of an attempt against the life of the
testator, his or her own spouse, descendants or
ascendants;
2. When a child or descendant has accused the
testator of a crime for which the law prescribes
imprisonment for six years or more, if the
accusation groundless;
3. When a child or descendant has been convicted
of adultery or concubinage with the spouse of
the testator;
leads
D. Legal or Intestate
Succession
Definition of terms
line
(legitimate
2. Ascending
direct
parents/ascendants)
line
(legitimate
3. Illegitimate children/descendants;
4. Surviving spouse;
5. Collateral relatives within the 5th degree;
6. The State.
Grading
Grades are based on the accumulation of
points.
Points are based on:
Class participation
(effort)
Completion of assignments
(daily work)
Major projects, exams, and
self-reflection
90-100%
A
80-89%
B
70-79%
C
60-69%
D
Below 60%
F
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My Pledge to Students
I will trust you until you give me reason to do
otherwise.
I will respect you and work with you to solve
problems.
I will promptly correct and offer feedback on
your work.
I will work with you to meet learning goals.
I will offer extra help and alternative
assessments should you require them.