Search results with tag "Taxation bar"

TAXATION BAR EXAM QUESTIONS ON ESTATE TAX

Section 85, NIRC. Mr. Mayuga donated his residential house and lot to his son and duly paid the donor's tax. In the Deed of Donation, Mr. Mayuga expressly reserved for himself the usufruct over the property for as long as he lived. Describe the donated property from the taxation perspective. (1%) (2013 Bar Question)

  Section, Taxation, Taxation bar