DONOR'S

DONOR'S TAX

Poll

DONATION IS THE GRATUITOUS TRANSFER OF PROPERTY FROM ONE PERSON TO PERSON. WHICH OF THE TYPE OF DONATION IS SUBJECT TO DONOR'S TAX

• DONATION INTER VIVOS

• DONATION MORTIS CAUSA

Multiple Choice

ALL ARE ESSENTIAL REQUISITES OF DONATION, EXCEPT

• CAPACITY OF THE DONOR

• INTENTION TO DONATE

• DONATIVE ACT OR DELIVERY

• ACCEPTANCE BY THE DONEE

• CAPACITY OF THE DONEE

Multiple Select

UNDER THE FORMAL REQUISITES OF DONATION, WHICH OF THE FOLLOWING MUST BE IN PUBLIC INSTRUMENT

• REAL PROPERTIES

• INTANGIBLE

• TANGIBLE, W/ VALUE OF 5000 AND BELOW

• TANGIBLE, W/ VALUE OF 5000 ABOVE

Multiple Choice

UNDER THE FORMAL REQUISITES OF DONATION, WHICH OF THE FOLLOWING CAN BE MADE ORALLY

• REAL PROPERTIES

• INTANGIBLE

• TANGIBLE, W/ VALUE OF 5000 AND BELOW

• TANGIBLE, W/ VALUE OF 5000 ABOVE

Multiple Choice

UNDER THE FORMAL REQUISITES OF DONATION, WHICH OF THE FOLLOWING MUST BE IN WRITING

• REAL PROPERTIES

• INTANGIBLE

• TANGIBLE, W/ VALUE OF 5000 AND BELOW

• TANGIBLE, W/ VALUE OF 5000 ABOVE

TYPES OF DONEE

• RELATIVES

• STRANGERS

TYPES OF DONOR

• RESIDENT OR CITIZEN

• NON-RESIDENT ALIEN

DONOR'S TAX

IT IS A TAX UPON THE GRATUITOUS TRANSFER OF PROPERTY BETWEEN TWO OR MORE LIVING PERSONS AT THE TIME OF TRANSFER WHETHER THE TRANSFER IS DIRECT OR IN TRUST AND WITHOUT REGARD TO THE TYPE OF PROPERTY TRANSFERRED