Reference no: EM132978563
Question - During the current year, Neville Longbottom who resides in 158 R. Papa Street, Sampaloc, Manila and with TIN 135-567-890-006 made the following gifts:
Date Donee
Amount of Donation July 1, 2018
Anton, his son on account of his marriage celebrated June 1, 2018 150,000 Cash
July 10, 2018 His friend, Carlos 400,000 second Hand Motor Vehicle September 30, 2018
His daughter, Dana 450,000 cash dowry, on account of her scheduled marriage on October 25, 2018
November 23, 2018 His Father
A parcel of land worth 180,000, subject to the condition that his father would assume the mortgage indebtedness of Neville in the amount of 40,000
How much is the Donor's Tax due as of July 1, 2018?
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