[TOPIC 11] GROSS ESTATE OF MARRIED DECEDENT | Conjugal Partnership and Absolute Community

Who are married viewers here? Watch it here!
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In this video, we discuss one of the most interesting topics in the estate tax as well as in the Family Code, and that is the Property of Relations. What makes this topic interesting is the challenge when identifying and classifying properties whether exclusive or conjugal/communal properties of the husband and the wife, while also integrating our discussion on topics involving the valuation of the properties to be included in the gross estate.

As a rule, there are three regimes that we shall follow when classifying properties whether exclusive or conjugal/communal.

1. Marriage Settlement Agreement (Pre-Nuptial Agreement);
2. In the absence of the agreement, the following regimes shall apply:
a. If the marriage took place before August 3, 1988, CONJUGAL PARTNERSHIP OF GAINS
b. If the marriage took place on or after August 3, 1988, ABSOLUTE COMMUNITY OF PROPERTY

Please watch this video for a complete and full discussion of the two regimes.
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If you want to learn more about income taxes, please open this playlist and enjoy every video:    • Income Taxation (Philippines)  
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Also, if you want to learn more about business and transfer taxes, watch the following videos:
1. Overview of the National Internal Revenue Taxes:    • [TOPIC 1] OVERVIEW OF THE PHILIPPINE ...  

2. Basic Succession Concepts:    • [TOPIC 3] BASIC SUCCESSION | Concept ...  

3. Testamentary Succession:    • [TOPIC 4] TESTAMENTARY SUCCESSION | S...  

4. Intestate Succession:    • [Topic 5] INTESTATE SUCCESSION | Shar...  

5. Causes of Disinheritance:    • [TOPIC 6] DISINHERITANCE | Causes and...  

6. Gross Estate Valuation of Real Properties, Personal Properties and Usufructuary Rights:    • [TOPIC 7] GROSS ESTATE | Valuation of...  

7. Gross Estate Valuation of Shares of Stocks:    • [TOPIC 8] GROSS ESTATE | Valuation of...  

8. Additions to Gross Estate:    • [TOPIC 9] ADDITIONS TO GROSS ESTATE |...  

9. Other Additions to Gross Estate:    • [TOPIC 10] GROSS ESTATE | Other Addit...  

10. Property of Relations:    • [TOPIC 11] GROSS ESTATE OF MARRIED DE...  

11. Exclusions from Gross Estate:    • [TOPIC 12] EXCLUSIONS FROM GROSS ESTA...