Decedent is married, the family home is conjugal property, more than P10,000,000:
Conjugal Properties:
Family Home P30,000,000
Real and personal properties 14,000,000
Exclusive Properties 5,000,000
Gross Estate: P49,000,000
Less:
Ordinary Deductions
Conjugal Ordinary Deductions (2,000,000)
Net Conjugal Estate 42,000,000
Special Deductions
Family Home (10,000,000)
Standard Deduction (5,000,000)
Total Deductions (17,000,000)
Net Estate 32,000,000
Less: ½ Share of Surviving Spouse (21,000,000)
Conjugal Property P44,000,000
Conjugal Deductions (2,000,000)
Net Conjugal Estate P42,000,000
(P42,000,000/2)
NET TAXABLE ESTATE P11,000,000 (Proper presentation of family home and standard deduction as deductions from the gross estate. Section 8, Revenue Regulation No. 12-2018. January 25, 2018)
