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What is Inheritance Tax Compensation Case Summary about?
1) An inheritance tax was owed to the government by the estate of Walter Scott Price. However, the government also owed a debt to the estate for services from the Leyte Cadastral Survey Inc. 2) The judge ruled that the government should pay its debt to the estate first before collecting the inheritance taxes, allowing compensation of the debts. 3) The Supreme Court upheld the ruling, finding that compensation was allowed under the law as both claims were liquidated and demandable, extinguishing the debts
- Author
- Macky L. Delos Reyes
- Language
- EN