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What is the amount of gratuity and applicable transfer tax

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Reference no: EM132741680

Question - ?PHILIPPINE TAXATION (TRAIN LAW)

PAUL donated stock securities to his daughter, CHLOE, as reward to CHLOE for services rendered to PAUL.

The property was worth 1,110,000 when PAUL wrote the deed of donation. The same had a value of 1,050,000 when the donation was accepted by CHLOE.

Required - What is the amount of gratuity and the applicable transfer tax?

a. 1,050,000 donors' tax

b. 1,100,000 donors' tax

c. 1,100,000 estate tax

d. 1,050,000 estate tax

Reference no: EM132741680

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