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Is the donation of a car abroad subject to transfer tax

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Reference no: EM132842589

Mr. Carl Leo Henleigh, an Australian that is residing in the Philippines, donated a car in Venezuela to a friend and a motorboat in the Philippines to his cousin in Singapore.

Problem 1: Is the donation of a car abroad subject to transfer tax?

Problem 2: Is the donation of a motorboat in the Philippines subject to transfer tax?

Problem 3: Which of these two donations is/are subject to donor's tax?

Reference no: EM132842589

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