(a) In computing taxes on taxable gross decedent’s estates under this part, the same shall be deducted from the value of the sum of one million dollars ($1,000,000). This deduction shall be claimed before the deduction on property located in Puerto Rico as provided in § 31032 of this title; Provided, further, That the fixed deduction provided under this subsection shall be prorated among all assets included in the gross decedent’s estate by using as base their fair market value. History —Jan. 31, 2011, No. 1, § 2023.08, retroactive to Jan. 1, 2011.
Puerto Rico Legal Code