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How much is the donor tax due of mrs baretto

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Reference no: EM133084872

Question - Mr. and Mrs. Baretto gave the following gifts of conjugal property on July 15, 2020.

To Barangay Gener, Tondo, Manila a parcel of land valued at P 1,500,000

To Mapagbigay Inc., a charitable institution, cash of P 500,000

To Kylie, mother of Mrs. Baretto, her exclusive property worth P 750,000. At the time of donation, the property was mortgage for P 300,000 which was assumed by Kylie.

1. How much is the donor's tax due of Mr. Baretto?

2. How much is the donor's tax due of Mrs. Baretto?

Reference no: EM133084872

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