1. Expenses, the deductible amount is pro-rata using the following
formula:
With regard to a non-resident,
not a citizen decedent, the ELITE allowable to him would only be a
pro-rata share of his GE in the
Philippines over his worldwide GE:
GE Philippines x ELITE
world
GE
World
2. Vanishing deduction
3. Transfer for public use
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Not allowed as deductions are:
- medical expenses
- family home
- standard deduction, and
- amount received under R.A. 4917.
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No deduction shall be allowed to non-resident
alien decedent unless the executor, administrator, or any of the heirs would
include in the return required to be filed all the property from within and
outside the Philippines.
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SUMMARY OF DEDUCTIONS
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Citizen or
Resident Decedent
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Non-resident Alien
Decedent
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1. ELITE
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Deductible
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Deductible (pro-rated)
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2. Transfers for public use
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Deductible
|
Deductible
|
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3. Vanishing deduction
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Deductible
|
Deductible
|
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4. Family home
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Deductible
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Nondeductible
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5. Standard deduction
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Deductible
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Nondeductible
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6. Medical expenses
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Deductible
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Nondeductible
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7. Amount received by heirs
under RA 4917
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Deductible
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Nondeductible
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