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How much shall be subject to donor tax

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Question - Answer the following while applying the Philippine laws of business taxation (Train Law, Create law, etc.) Juan Carlos donated his property to his son while he is still alive. At the time of donation, the property had a fair value of P12,000,000. It is part of the condition of the donation that the ownership over the property shall be transferred to the son when Juan Carlos dies. How much shall be subject to donor's tax?

Reference no: EM133071745

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