Estate tax calculator Philippines
Since the TRAIN law, the estate of a person who dies is taxed at a flat 6% of the net estate.
Enter the value of everything the person left and the deductions to see the estate tax the heirs have to pay before transferring the property.
How it's calculated
- Start from the gross estate: the value of all the property the person left.
- Take off the standard deduction of ₱5,000,000, the family home up to ₱10,000,000, and other allowed deductions such as claims against the estate.
- The estate tax is 6% of what is left, the net estate.
An example
An estate of ₱12,000,000 that includes a ₱4,000,000 family home has a net estate of ₱3,000,000. The estate tax is ₱180,000.
Frequently asked questions
What is the estate tax rate in the Philippines?
A flat 6% of the net estate, for decedents who are residents or nonresidents, under Section 84 of the Tax Code as amended by the TRAIN law.
How much is the standard deduction?
₱5,000,000 for the estate of a citizen or resident of the Philippines.
Is the family home fully deductible?
Up to ₱10,000,000 of its current fair market value. If it is worth more, the excess is subject to estate tax.
Key terms
- Gross estate
- The total value of everything the person owned at death.
- Net estate
- The gross estate minus the deductions allowed by the Tax Code.
Up-to-date official data
Data checked against the official source on .
We check the official sources automatically, every day.
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