An act of liberality whereby one disposes gratuitously of a thing or right
in favor of another who accepts it
a. Occupation b. Donation c. Succession d. Intellectual Creation
A tax imposed on the gratuitous transfer of property between two or more
persons who are living at the time the transfer is made
a. Income tax b. Transfer Tax c. Estate tax d. Donor's tax
The following are the requisites of a donation for purposes of the donor's
tax except
a. Capacity of the donor
b. Capacity of the donee
c. Delivery of the subject matter of gift
d. Donative intent
Statement 1: A donation between husband and wife during the marriage is
generally void.
Statement 2: A donation can be made to conceived or unborn children.
a. True, True
b. True, False
c. False, True
d. False, False (RCPA)
Statement 1: The donation of movable property amounting to P5,000 or below
may be made orally or in writing.
Statement 2: The donation of an immovable property shall be made in public
instrument regardless of the amount.
Statement 3: The donation and acceptance should be in writing if the value
of the property donated is at least P5,000.
a. Statement 1 is true
b. Statements 1 and 2 are true
c. Statements 2 and 3 are true
d. All of the above statements are true
Which of the following donations may be exempt?
a. Donation of a resident alien of its properties located abroad to a non-
resident alien.
b. Donation of a non-resident alien of intangible properties located in the
Philippines to a non-resident alien.
c. Donation of a non-resident alien of real properties located in the
Philippines to a resident alien.
d. Donation of intangible properties located in the Philippines by resident
aliens.
Which of the following is not considered as an intangible personal property
within
a. Franchise which must be exercised in the Philippines
b. Obligations or bonds issued by a foreign corporation with business situs
in the Philippines
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c. Shares of stock issued by a foreign corporation 51% of the business of
which is located in the Philippines
d. Shares of stocks issued by a domestic corporation
Which of the following donations result to a net gift of P80,000?
a. Property worth P80,000 was donated by the donor to Barangay Teacher's
Village for use as site of the Barangay Hall
b. The donor donated property to donee with a market value of P140,000. The
property is subject to a mortgage indebtedness of P60,000 which was paid by
the donor at the time of the donation
c. A requested B to pay A's debt with C in the amount of P100,000 and in
return, the personal property of A valued at P180,000 will be donated to B
d. The daughter of A was married to her boyfriend. As a gift, A donated cash
worth P90,000 to his daughter
Which of the following donation is not exempt?
a. Philippine Institute of Certified Public Accountant
b. Intramuros Administration
c. Development Academy of the Philippines
d. Ramon Magsaysay Award Foundation
e. Donation to the Integrated Bar of the Philippines
f. Donation to the Philippine Inventors' Commission
g. Donation to the International Rice Research Institute
Mr. Merto sold his stock investments with a tax basis of P1,000,000 and fair
value of P2,000,000 for only P1,200,000. Compute the amount of gratuity
subject to donor's tax.
a. P 0
b. P 200,000
c. P 800,000
d. P1,000,000
Sandro donated the following properties:
P 2,000,000 car on November 2, 2018 to his favorite nephew
P 3,000,000 agricultural lot on January 5, 2019 to soon to be married son
P 4,000,000 building on February 14, 2019 to his father
P 5,000,000 cash on July 1, 2019 designated by Sandro for the administrative
expenses of a charitable institution
P 1,000,000 cash on August 1, 2020 to his mother-in-law
Compute the total net gift subject to tax as of February 14, 2019.
a. P 8,750,000
b. P 6,750,000
c. P 4,000,000
d. P 3,750,000
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Compute the total net gift subject to tax in 2019.
a. P 14,750,000
b. P 13,750,000
c. P 11,750,000
d. P 6,750,000
Mark donated a used car to his best friend Marco. A new unit of the car is
worth P1,800,000. The car is worth P 400,000 in the second market. Mark
shall assume the donor's tax on the donation. Compute Mark's net gift
subject to tax.
a. P 1,550,000
c. P 391,000
b. P 400,000
d. P 150,000
Antonio had a net gift of P450,000 to his first cousin. What is the donor's
tax?
a. 8,000
b. P 12,000
c. P 18,000
d. P 27,000
Jose donated a lot worth P400,000 to his second cousin subject to the
condition that his cousin assume the P 40,000 accrued real property tax on
the lot. What is the donor's tax?
a. 24,000
b. 21,600
c. 9,000
d. 6,600
A donor made the following donations in 2020:
Net gift to strangers 340,000
Net gift to relatives 200,000
Total net gift 540,000
Compute the total donor's tax due.
a. P 0
b. P 2,400
c. P 17,400
d. P 20,400
Mrs. Anderson had the following information regarding her inheritance from
her deceased husband where she and her three children were the only heirs:
Share from communal properties P 1,200,000
Share in the net distributable estate 300,000
If Mrs. Anderson renounces both shares categorically in favor of the
youngest child, what amount is subject to donor's tax?
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In the immediately preceding problem, if Mrs. Anderson renounces both shares
in favor of all the heirs, what is the amount subject to donor's tax?
A resident alien made the following donations during the year to relatives:
Net gift in the Philippines (paid P 27,000 donor's tax) P700,000
Net gift abroad (paid P14,000 donor's tax abroad) 300,000
Total net gift P 1,000,000
What is the donor's tax due and payable?
a. P 45,000
b. P 4,500
c. P 4,000
d. P0
Manso, resident citizen, donated several properties during the year:
Net gift in the Philippines P 0
Net gift made abroad P 500,000
Total global net gift P 500,000
Gift tax paid abroad P10,000
What is the donor's tax due and payable in the Philippines?
a. P 0
b. P5,000.
c. P 7,500
d. P 15,000
Armando, a resident citizen, made the following donations to relatives on
December 31, 2020:
Net gift Tax paid
Finland P 2,000,000 110,000
Norway 1,500,000 120,000
Philippines 500,000
There are no other donations during the year.
Compute the donor's tax due and payable after tax credit.
a. P 225,000 payable
b. P 74,000 payable
c. P 30,625 payable
d. P 5,000 refundable
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