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Estate Tax Calculation for Nilson Chan by Gerald Santos is a document available to read on EtoBox.

What is Estate Tax Calculation for Nilson Chan about?

1. Nilson Tan Chan died in a car accident on October 10, 2018. His son, Manny Ang Chan, is the executor of the estate. 2. The gross estate is P13,700,000, which includes properties like a car, land, condo unit, and bank deposits. Deductions total P882,500. 3. The net taxable estate is P3,057,500. The estate tax due is P183,450. If the bank deposit was withdrawn before filing, the tax due would be P159,450.

Author

Gerald Santos

Language

EN