For items 6-10. A donor transferred the following properties on a certain day:PhilippinesAbroadCashP 400,000РОLand1,000,000Car3,000,00010. Assuming the donor is a non-resident alien with a reciprocity exemption, what is theamount of the donation inter-vivos?a. P1,000,000 b. P1,400,000 c. P4,000,000 d. P4,400,000

Answered: 10. Assuming the donor is a…

10. Assuming the donor is a non-resident alien with a reciprocity exemption, what is the amount of the donation inter-vivos? a. P1,000,000 b. P1,400,000 c. P4,000,000 d. P4,400,000

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter14: Property Transact Ions: Capital Gains And Losses, § 1231, And Recapture Provisions

Section: Chapter Questions

Problem 37CE

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Question

100%

For items 6-10. A donor transferred the following properties on a certain day:
Philippines
Abroad
Cash
P 400,000
РО
Land
1,000,000
Car
3,000,000
10. Assuming the donor is a non-resident alien with a reciprocity exemption, what is the
amount of the donation inter-vivos?
a. P1,000,000 b. P1,400,000 c. P4,000,000 d. P4,400,000

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