The president also recorded in his December 2010 SALN two real properties as “inheritance” – a “residential house and lot” in Quezon City that he valued at P13,796,167, and a “commercial lot” in San Juan City that he valued at P7,016,906. The two properties accounted for a more P20-million increase in the value of his real properties, from only P761,440 in December 2009.
Again, Henares says the records of the BIR show that the President had paid the rightful “estate tax” on these two inherited properties.