KEY TOPICS INCLUDED:

1. Basic Concepts of Property Regime
• Absolute Community of Property
• Conjugal Partnership of Gains
• Exclusive Property

2. Basic Concepts of Law on Sales
• Definition and Kinds of Contract of Sale
• Rule on Double Sales
• Transfer of Ownership

3. Computation of Capital Gains Tax and Documentary Stamp Tax
• Sale of Principal Residence (Exempt from Capital Gains Tax)
• Sale of Real Property
• Place and time of filing and payment

4. Donation
• Definition and requisites for Donation
• Revocation and Reduction of Donations
• Computation of Donor’s Tax
• Place and time of filing and payment

5. Basic Concepts of law on Succession
• Table of Legitimes (Sharing of heirs)
• The regular order of Succession

6. Computation of Estate Tax
• Notice of Death and Certification by CPA
• Composition of Gross Estate
• Valuation of Real and Personal Property
• Proceeds of Life Insurance
• Allowable deductions
• Place and time of filing and payments