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The document details the estate valuation of an individual, listing assets like a house and lot valued at 40 million pesos, a farm lot valued at 10 million pesos, and retirement pay of 300,000 pesos for a total gross estate of 50.3 million pesos. Ordinary deductions include an unpaid mortgage of 20 million pesos and the transfer of the farm lot for public use, bringing the net conjugal estate to 20 million pesos. After applying a standard deduction of 5 million pesos and deducting the surviving spouse

Author

Nico Quebal

Language

EN