The decedent devised to h
Chapter17: Property Transactions: § 1231 And Recapture Provisions
Section: Chapter Questions
Problem 41P
Related questions
Question
Determine the gross estate.
Transcribed Image Text:The decedent devised to his four (4) children separate parcels of land with
the following data:
TO JUAN, 1,000 square meter lot in Sampaloc, Manila with the
following valuation:
Assessed value determined by the City of Manila,
P25,000/sq.m.
Zonal value as determined by the CIR, P18,000,000
FMV as determined by independent assessors, P20,000,000
TO PEDRO, 1,000 square meter lot in Q.C. with the following
valuation:
Assessed value determined by Q.C., P15,000/sq.m.
Zonal value as determined by the CIR, P18,000,000
FMV as determined by independent assessors, P20,000,000
TO MARIA, 1,000 square meter lot in Makati with the following
valuation:
I
determined by the
determined by the City of Manila,
Assessed value
P15,000/sq.m.
FMV as determined by independent assessors, P20,000,000
REQUIRED: Determine the gross estate of the decedent
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Publisher:
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