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What is the taxable net estate in the Philippines

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Reference no: EM132978469

Question - A non-resident, not a citizen of the Philippines, single., died leaving a gross estate in the Philippines of P1,000,000 and a gross estate outside the Philippines of P3,000,000. His expenses and obligations were: Funeral expenses outside the Philippines of P100,000, mortgage of property outside the Philippines of P200,000 and in the Philippines of P50,000 and transfer to the Philippine Government of property outside the Philippines of P100,000. The allowable deduction from the Philippine Gross Estate is? And what is the taxable net estate in the Philippines?

Reference no: EM132978469

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