Donor’s Tax

Donor’s Tax

  • Is not a property tax but one which is imposed on the transfer of property by way of gift intervivos.
  • Not apply unless until there is a completed gift.

Essential Elements;

  • Capacity of the Donor
  • Donative Intent
  • Delivery of the Gift
  • Acceptance of the Donee

source; Transfer and Business Taxation by Edwin Valencia and Gregorio Roxas

 

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About PAM Academy Founder

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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