Composition of Gross Gift

  1. In the case of a Citizen / Resident alien donor:

a. Real property within and without the Philippines.

b. Tangible Personal Property within and without the Philippines.

c. Intangible Personal Property within and without the Philippines.

 

2. In the case of a not Citizen / Non- Resident  donor;

a. Real Property within the Philippines.

b. Tangible Personal Property within the Philippines.

c. Intangible personal property within the Philippines.

Properties considered located in the Philippines.

  1. Franchise which must be exercised in the Philippines.
  2. Share, obligations or bonds issued by any corporation or sociedad anonima organized or constituted in the Philippines.
  3. Share, obligations or bonds issued by any foreign corporation eighty five percentum of the business which is located in the Philippines.
  4. Shares and obligations or bonds which have acquired business situs in the Philippines.
  5. Shares and rights in any partnership, business or industry established in the Philippines.
  6. . Any personal property, whether tangible or intangible located in the Philippines.
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About Jonathan Ruiz CPA

Newbie Mentor and one of the influential author in the Philippines setting. His also the founder of PAM Academy and Developer of PAM PSE TRACKER application.
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