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What is the amount of gratuity and applicable transfer tax

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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: EM132763160

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