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Is the lot inherited by bob from his father subject

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Question: Bob died on May 10, 2020. His property valued P8,000,000. Included in his property is a lot amounting P2,000,000 inherited by him from his father who died last March 15, 2018.

Total deductions in the gross estate of Bob is P300,000. Is the lot inherited by Bob from his father subject to vanishing deduction? If yes, how much?

Reference no: EM132720370

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