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How much is the vanishing deduction

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Reference no: EM132882458

Question - A citizen and resident of the Philippines, died on October 10, 2015, leaving the following properties, rights, obligations and charges:

Conjugal properties (including a family home of P3,000,000 and amount receivable

Under RA 4917 of P200,000) P6,000,000

Exclusive properties (including cash of P500,000 inherited 4 ½ years ago) 4,000,000

Medical expenses unpaid, Januar 2015 600,000

Funeral Expenses 350,000

Judicial Expenses 500,000

Other Obligations 100,000

Required - How much is the vanishing deduction?

Reference no: EM132882458

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