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This document outlines a Donation Inter Vivos in the Philippines, detailing the donor, donee, property transfer, and legal acknowledgments. Ideal for estate planning.
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Donation inter vivos refers to a gift made by a donor to a donee during the donor's lifetime, as opposed to a bequest which is made upon the donor's death.
Generally, the donor is required to file a donation inter vivos when they make a gift that exceeds a certain exemption limit established by tax authorities.
To fill out a donation inter vivos, one must provide details such as the names of the donor and donee, a description of the property being given, its value, and any applicable exemptions or deductions.
The purpose of donation inter vivos is to allow individuals to gift their assets to others while they are still alive, often for reasons such as estate planning, tax benefits, or personal intention to benefit loved ones.
The information that must be reported includes the names and addresses of the donor and donee, a description of the donated asset, its fair market value, and the date of the donation.
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