2. How much is the donor's tax In January 2018, Don Nor donated commercial land to his second cousin. The value in the tax declaration is P2million pesos while the zonal value is P1.7million pesos. *
2. How much is the donor's tax In January 2018, Don Nor donated commercial land to his second cousin. The value in the tax declaration is P2million pesos while the zonal value is P1.7million pesos. *
Chapter14: Property Transactions: Determination Of Gain Or Loss And Basis Considerations
Section: Chapter Questions
Problem 44P
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Transcribed Image Text:2. How much is the donor's
tax
In January 2018, Don Nor donated commercial land to his second cousin. The value
in the tax declaration is P2million pesos while the zonal value is P1.7million pesos.
102,000
O 120,000
87,000
O 105,000
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