lax managers/consultants are said to adjust the timing of transactions in anticipation of expected tax changes. Assuming that you were a tax consultant, and a client sought your advice regarding her intention to donate her properties. It was December 10, 2017. Your client informed you that she will be donating 3 types of properties to 3 different persons. The value of the properties are as follows: Property 1: P 255,000 Property 2: P 450,000 Property 3: P 750,000 You discussed with her that such donations are subject to donor's tax. Will you advise your client to donate in 2017 or in 2018? Explain your answer. Provide computations to support your advice.
lax managers/consultants are said to adjust the timing of transactions in anticipation of expected tax changes. Assuming that you were a tax consultant, and a client sought your advice regarding her intention to donate her properties. It was December 10, 2017. Your client informed you that she will be donating 3 types of properties to 3 different persons. The value of the properties are as follows: Property 1: P 255,000 Property 2: P 450,000 Property 3: P 750,000 You discussed with her that such donations are subject to donor's tax. Will you advise your client to donate in 2017 or in 2018? Explain your answer. Provide computations to support your advice.
Chapter11: Investor Losses
Section: Chapter Questions
Problem 7RP
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Transcribed Image Text:Tax managers/consultants are said to adjust the timing of transactions in anticipation of expected tax changes. Assuming
that you were a tax consultant, and a client sought your advice regarding her intention to donate her properties. It was
December 10, 2017. Your client informed you that she will be donating 3 types of properties to 3 different persons. The
value of the properties are as follows:
Property 1: P 255,000
Property 2: P 450,000
Property 3: P 750,000
You discussed with her that such donations are subject to donor's tax. Will you advise your client to donate in 2017 or in
2018? Explain your answer. Provide computations to support your advice.
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