Remember this article only covers gifts of a parent

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Remember, this article only covers gifts of a parent to his/her child, not a parent to his future son-in-law/daughter-in-law. If the gift is given to a future son-in-law/daughter-in- law, no deductions will be allowed because the latter are considered strangers. 2. Gifts made to or for the use of the National Government or any entity created by any of its agencies which is not conducted for profit 3. Gifts in favor of an educational and/or charitable, religious, cultural or social welfare corporation, institution, accredited nongovernment organization, trust or philanthropic organization or research institution or organizations, provided SEC. 101. Exemption of Certain Gifts. - The following gifts or donations shall be exempt from the tax provided for in this Chapter: (A) In the Case of Gifts Made by a Resident. - (1) Dowries or gifts made on account of marriage and before its celebration or within one year thereafter by parents to each of their legitimate, recognized natural, or adopted children to the extent of the first Ten thousand pesos (P10,000): (2) Gifts made to or for the use of the National Government or any entity created by any of its agencies which is not conducted for profit, or to any political subdivision of the said Government; and (3) Gifts in favor of an educational and/or charitable, religious, cultural or social welfare corporation, institution, accredited nongovernment organization, trust or philanthropic organization or research institution or organization: Provided, however, That not more than thirty percent (30%) of said gifts shall be used by such donee for administration purposes. For the purpose of this exemption, a ' non-profit educational and/or charitable corporation, institution, accredited nongovernment organization, trust or philanthropic organization and/or research institution or organization ' is a school, college or university and/or charitable corporation, accredited nongovernment organization, trust or philanthropic organization and/or research institution or
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that not more than thirty percent (30%) of said gifts shall be used by such donee for administration purposes The entity must be: i. Non-stock; ii. Paying no dividends; iii. Governed by trustees who receive NO compensation; and iv. Devoting ALL its income to the accomplishment of the purpose enumerated in its AOI. G. DEDUCTIONS FROM THE GROSS GIFTS BY HUSBAND AND WIFE For deductions from gross gifts made by husband and wife, out of community/conjugal property, each donor has his or her own deductions. Their donations will be distributed equally among them (½). However, if what was donated is a conjugal or community property and only the husband signed the deed of donation, there is only one donor for donor’s tax purposes, without prejudice to the right of the wife to question the validity of the donation without her consent pursuant to the pertinent provisions of the Civil Code of the Philippines and the Family Code of the Philippines.
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