TAX3703 TAXATION OF ESTATES EXAM
REVIEW ACCURATE QUESTIONS AND
CORRECT VERIFIED ANSWERS GUARANTEED
PASS 2026
◉The successor can be made liable for the obligations of the decedent
beyond the value of the asset he received. Answer: FALSE
◉Delivery and acceptance are essential elements of estate taxation.
Answer: FALSE
◉If the donee does not accept what is given to him by the donor,
although it has already been delivered, the donor is not liable to pay any
donor's tax. Answer: TRUE
◉Donation inter-vivos is subject to the estate tax while donation mortis
causa is subject to donor's tax. Answer: FALSE
Inter Vivos - Donor's Tax
Mortis Cause - Estate Tax
,◉A transfer is gratuitous or without consideration and accordingly
qualifies as a donation, if no economic benefit measurable in money or
money's worth §owed to the transferor from the transferee. Answer:
TRUE
◉The payment of estate tax could only be extended up to the maximum
of thirty (30) days from the date of filing. Answer: FALSE
◉In donor's tax, the exemption is P250,000 while in estate tax, the
exemption is P100,000. Answer: FALSE
◉Upon effectivity of the TRAIN Law, estate tax is a proportional tax. It
is no longer based on a graduated tax rate but to a fixed rate of 6% on
the net taxable estate of a decedent. Answer: TRUE
◉There cannot be a disinheritance for compulsory heirs. Answer:
FALSE
◉For the donation to be valid, acceptance of the donation must be made
a. During the lifetime of the donor and the donee.
b. During the lifetime of the donor only.
c. None of the choices mentioned
, d. During the lifetime of the donee only. Answer: a. During the lifetime
of the donor and the donee.
◉It is a mode of acquisition by virtue of which, the property, rights and
obligations, to the extent of the value of the inheritance, of a person are
transmitted through his death to another either by his will or by
operation of law.
a. succession
b. donation
c. prescription
d. exchanges Answer: a. succession
◉Which property donated by a resident alien is subject to donor's tax
without any qualification?
a. Tangible assets located outside Philippine territory
b. Intangible assets located inside Philippine territory
c. All of the above
d. Intangible assets located outside Philippine territory Answer: c. all of
the above
◉Justification for the imposition of transfer tax.
REVIEW ACCURATE QUESTIONS AND
CORRECT VERIFIED ANSWERS GUARANTEED
PASS 2026
◉The successor can be made liable for the obligations of the decedent
beyond the value of the asset he received. Answer: FALSE
◉Delivery and acceptance are essential elements of estate taxation.
Answer: FALSE
◉If the donee does not accept what is given to him by the donor,
although it has already been delivered, the donor is not liable to pay any
donor's tax. Answer: TRUE
◉Donation inter-vivos is subject to the estate tax while donation mortis
causa is subject to donor's tax. Answer: FALSE
Inter Vivos - Donor's Tax
Mortis Cause - Estate Tax
,◉A transfer is gratuitous or without consideration and accordingly
qualifies as a donation, if no economic benefit measurable in money or
money's worth §owed to the transferor from the transferee. Answer:
TRUE
◉The payment of estate tax could only be extended up to the maximum
of thirty (30) days from the date of filing. Answer: FALSE
◉In donor's tax, the exemption is P250,000 while in estate tax, the
exemption is P100,000. Answer: FALSE
◉Upon effectivity of the TRAIN Law, estate tax is a proportional tax. It
is no longer based on a graduated tax rate but to a fixed rate of 6% on
the net taxable estate of a decedent. Answer: TRUE
◉There cannot be a disinheritance for compulsory heirs. Answer:
FALSE
◉For the donation to be valid, acceptance of the donation must be made
a. During the lifetime of the donor and the donee.
b. During the lifetime of the donor only.
c. None of the choices mentioned
, d. During the lifetime of the donee only. Answer: a. During the lifetime
of the donor and the donee.
◉It is a mode of acquisition by virtue of which, the property, rights and
obligations, to the extent of the value of the inheritance, of a person are
transmitted through his death to another either by his will or by
operation of law.
a. succession
b. donation
c. prescription
d. exchanges Answer: a. succession
◉Which property donated by a resident alien is subject to donor's tax
without any qualification?
a. Tangible assets located outside Philippine territory
b. Intangible assets located inside Philippine territory
c. All of the above
d. Intangible assets located outside Philippine territory Answer: c. all of
the above
◉Justification for the imposition of transfer tax.
