Kinds of Donation

  1. Donation inter vivos – one made between living persons and which is perfected from the moment the donor knows the acceptance of donation by the donee.
  2. Donation mortis causa – one which takes effect upon the death of donor. It partakes the nature of testamentary succession and is equivalent to a transfer in contemplation of death. It is therefore subject to estate tax and not gift tax.



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.
This entry was posted in Taxation, Uncategorized and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s