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Donor Tax
?
Reciprocity clause is applied to which of the following?
Non-resident alien donating real properly
A donation of tangible property by a non-resident alien
When a resident alien donates intangible property
A donation by a non-resident alien of intangible property
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (D)
A donation by a non-resident alien of intangible property
Related MCQs
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Donor's tax shall apply, whether the gift is direct or indirect and whether the property is real or personal, tangible or intangible, even if the...
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Any person making a donation, unless the donation is specifically exempt under Tax Code or other special laws, is required, for every donation, to acc...
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Donation is a transfer of property for a consideration other than money.
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As a general rule, all persons who may contract to dispose of their property may donate.
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Donor's tax is imposed to all natural and artificial persons
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The gross gifts of citizens or resident donor will include all properties regardless of location.
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Minors can be a donor or a donee.
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With respect to the donor, a second cousin is a stranger under donor's tax law.
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Donation inter-vivos is subject to estate tax while donation mortis causa is subject to donor's tax.
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Donor's tax is a liability of the donee.
