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Amending Certain Sections of the National… Section 124

Amending Certain Sections of the National… Section 124

Valuation of gifts made in property.

Section 124

SEC. 124. Valuation of gifts made in property. — If the gift is made in property, the fair market value thereof at the time of the gift shall be considered the amount of the gift. In case of real property, the provisions of paragraph two, Section 103 shall apply to the valuation thereof.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER II . - (Gift) Donor's Tax →

Other provisions in CHAPTER II . - (Gift) Donor's Tax

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAmending Certain Sections of the National… Section 124 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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