Donor's Tax is a tax on a donation or gift, and is imposed on the gratuitous transfer of property between two or more persons who are living at the time of the transfer.
What are the requisites of donation?
What are the requisites of donation?Donor must have Capacity to make the donation.
He must have donative Intent (animus donandi)
There must be Delivery.
Donee must Accept or consent to the donation during the lifetime of the donor and of the donee in case of donation inter vivos (Art.
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