REVENUE REGULATIONS NO. 17-2018 issued on July 30, 2018 amends Section 13 of Revenue Regulations No. 12-2018, particularly on the valuation of gifts made in property, to read as follows: “SECTION 13. VALUATION OF GIFTS MADE IN PROPERTY. – The valuation of gifts in the form of property shall follow the rules set forth in Section 5 of these regulations: Provided, That the reckoning point for valuation shall be the date when the donation is made.”