Practice question
Explain why an adviser should not use a 30% general stranger rate for a completed 2026 cash gift merely because the donee is unrelated. State the current general rule without considering any special exemption.
Legal references
- NIRC Section 99(A), as amended by RA 10963 Section 28; https://lawphil.net/statutes/repacts/ra2017/ra_10963_2017.html
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