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Rates of Estate Tax If Net Taxable Estate Is Over But Not Over Tax Shall Be Plus of The Excess Over

This document outlines the estate tax and donor's tax rates for different net taxable estate and net gift amounts. For estate tax, the rates range from 5% to 20% depending on the size of the net taxable estate, with higher rates applying to larger estates over $5 million. For donor's tax, the rates range from 2% to 15% depending on the size of the net gift, with higher rates for gifts over $10 million.

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Kj Banal
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57 views1 page

Rates of Estate Tax If Net Taxable Estate Is Over But Not Over Tax Shall Be Plus of The Excess Over

This document outlines the estate tax and donor's tax rates for different net taxable estate and net gift amounts. For estate tax, the rates range from 5% to 20% depending on the size of the net taxable estate, with higher rates applying to larger estates over $5 million. For donor's tax, the rates range from 2% to 15% depending on the size of the net gift, with higher rates for gifts over $10 million.

Uploaded by

Kj Banal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Rates of Estate Tax

If net taxable Of the excess


But not over Tax shall be Plus
estate is over over
P 200,000 Exempt
P 200,000 500,000 0 5% P 200,000
500,000 2,000,000 15,000 8% 500,000
2,000,000 5,000,000 135,000 11% 2,000,000
5,000,000 10,000,000 465,000 15% 5,000,000
10,000,000 And over 1,215,000 20% 10,000,000

Rates of Donor’s Tax

If net gift is Of the excess


But not over Tax shall be Plus
over over
P 100,000 Exempt
P 100,000 200,000 0 2% P 100,000
200,000 500,000 2,000 4% 200,000
500,000 1,000,000 14,000 6% 500,000
1,000,000 3,000,000 44,000 8% 1,000,000
3,000,000 5,000,000 204,000 10% 3,000,000
5,000,000 10,000,000 404,000 12% 5,000,000
10,000,000 And over 1,004,000 15% 10,000,000

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