Estate Tax

What is Estate Tax
Source: irs.gov

The Estate Tax is a tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death. The fair market value of these items is used, not necessarily what you paid for them or what their values were when you acquired them. The total of all of these items is your "Gross Estate." The includible property may consist of Cash and Securities, Real Estate, Insurance, Trusts, Annuities, Business interests and other assets.

Once you have accounted for the Gross Estate, certain deductions (and in special circumstances, reductions to value) are allowed in arriving at your "Taxable Estate." These deductions may include Mortgages and other Debts, Estate Administration expenses, property that passes to Surviving Spouses and Qualified Charities. The value of some operating business interests or farms may be reduced for estates that qualify.

After the net amount is computed, the value of lifetime taxable gifts (beginning with gifts made in 1977) is added to this number and the tax is computed. The tax is then reduced by the available unified credit. Presently, the amount of this credit reduces the computed tax so that only total taxable estates and lifetime gifts that exceed $1,000,000 will actually have to pay tax. In its current form, the estate tax only affects the wealthiest 2% of all Americans.

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To learn more about a particular planned/gated community, click on the corresponding link below. The communities are sorted by location.

Alabang

Portofino
by Brittany Corporation

Bulacan

Alta Vida at San Rafael Estates
by Filinvest Land

Florida Villas
by SYSCO Development Corporation

Provence
by Communities Philippines

Cavite

Crown Amalfi
by Crown Asia

Laguna

Ayala Greenfield Estates
by Ayala Land

Brentville International
by Filinvest Land

Georgia Club
by Brittany Corporation

La Marea
by Brittany Corporation

Verdana Homes Mamplasan
by Ayala Land

Pampanga

Avida Residences San Fernando
by Ayala Land

Citta Del Sole
by Grayline Realty

Hacienda Royale
by St. Catherine Realty

Punta Verde
by St. Catherine Realty

Villa Del Sol
by St. Catherine Realty

Quezon City

Treviso Quezon City
by Filinvest Land

Rizal

Cottonwoods
by Crown Asia

Mille Luce
by Crown Asia

St. Alexandra
by Ayala Land

Timberland Heights
by Filinvest Land

Woodberry
by Crown Asia

Zambales

Alta Vista
by GP Homes

Club Morocco
by Sta. Lucia Realty

Subic Bay View
by Earthfield Development Corporation

Best of Filbuild

Florida Villas in Malolos City, Bulacan
Subdivision features include: landscaped main gate & access road, clubhouse, parks and playground, 24-hour security, centralized water system, underground drainage system, garbage disposal system, perimeter fence, Centro Escolar University 5 minutes away, Bulacan State University 7 minutes away, Bulacan Provincial Capitol 10 minutes away.

Brentville International
Easily accessible, it is just 15 minutes away from Filinvest Corporate City, Alabang and Tagaytay. It is also near to major commercial establishments like SM Sta. Rosa, Robinson's Sta. Rosa, Pavillion Mall. Conveniently accessible to leisure destinations of Metro Manila and down south.

Celadon Manila
Developed by Ayala Land's subsidiary Community Innovations, Celadon Residences (townhomes) and Celadon Park (condominiums) offer a refreshing take on residential living in uptown Manila.

Eton Parkview Greenbelt
EPPI teamed up with sister companies Allied Bank and Philippine National Bank to introduce Home 838, the most affordable bank financing plan in the industry, making Eton Parkview Greenbelt priced lower than most of their counterparts.

Serendra Condos in Taguig City
Just a few minutes away from Makati (3kms), Ortigas (5kms) and Manila (5kms), Serendra at the Fort Bonifacio Global City by Ayala Land is the ideal residential address for those looking to be near to their place of work, business, education and home.

Subic Ampelos Tower
The FIRST high-rise mixed use residential condo hotel in Subic Bay. Units are luxuriously designed and fully furnished. Unit owners protected by advanced security system. Owners will also enjoy hotel-type rent management. Built by one of Korea's top developers.

The Lexus Hotel/Condos
Condotel units for sale/lease in Balibago, Angeles City, Pampanga, Philippines. Location is right in the center of the vibrant nightlife of Angeles City. Within walking distance is the SM Shopping Mall with theaters, stores, supermarkets and dozens of restaurants.

Alta Vista in Subic, Zambales
A near-beach, luxury village subdivision for middle income buyers. Ideal for retirement and vacation homes. Set on a flood-free, gently rolling terrain landscape.

Single family home for sale
Location: Las Piñas City, Metro Manila, Philippines. 3-bedroom, 2-car garage, kitchen area with breakfast nook, modular kitchen cabinets, maid's room, service / laundry area, storage area, mini-pond in the front yard, master's bedroom with toilet & bath, deep well water supply and pressurized tank.

Club Morocco in Subic, Zambales
A beachfront, gated, exclusive village subdivision with country-club class amenities set on a mountain hill landscape.

Log style home for sale
Location: Tagaytay City, Cavite. Master's bedroom with toilet and bath, 2 bedrooms with common toilet and bath, deep well water supply and pressurized tank, fully furnished.

The Executive Suites Subic
Condominium units for sale/lease in Subic Bay, Zambales, Philippines. Located at the corner of Dewey Avenue and Manila Avenue, the one-hectare property project is at the center of all major attractions in Subic Bay. It's a short walk to Subic water front and the adjacent Olongapo City.

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