Zoelle, married, died leaving a family valued at P15,000,000 composed of the house (conjugal) and the lot (exclusive). 70% of the value of the family home pertains to the house while 30% pertains to the lot. How much family home deduction can be deducted from the gross estate?

Zoelle, married, died leaving a family valued at P15,000,000 composed of the house (conjugal) and the lot (exclusive). 70% of the value of the family home pertains to the house while 30% pertains to the lot. How much family home deduction can be deducted from the gross estate?

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter8: Taxation Of Individuals

Section: Chapter Questions

Problem 40P

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