Taxation · Lesson 11 of 14

Estate tax in depth: gross estate, deductions, and the net taxable estate

Set the surviving spouse's share aside before anything else, build the gross estate from the decedent's interest and the transfers the law pulls back in, run the vanishing deduction through its four lines and its five-year schedule, claim the P5,000,000 standard deduction and the family home up to P10,000,000, and apply the flat 6%.

21 min read · Super Ea