1. Tenor, a resident citizen residing in Vietnam during his lifetime, left the following properties:

House and lot, USA P 10,000,000

Mansion, Philippines 50,000,000

Cars, Philippines 2,000,000

Shares of stock, Singapore 5,000,000

Accounts receivable, USA 3,000,000

Assuming Tenor is a Non-resident alien (with reciprocity) how much is his gross estate?

How much is the gross estate of Tenor?

2. A Non-resident alien died on March 10, 2021, leaving the following properties and deductions:

Shares , San Miguel Corporation P 5,000,000

Shares, Mi Amore, foreign corporation 5,000,000

Tangible personal property 15,000,000

Deductible losses, indebtedness, and taxes 5,000,000

a. Assuming there is no reciprocity, the net taxable estate is? b. the estate tax due is? 3. A property acquired at a cost of P 1,000,000 was transferred in contemplation of death for a consideration of P 1,200,000. Fair market value at the time of transfer, P 1,500,000, while at the time of death, P 1,200,000.

How much shall be included in the gross estate?

4. Madam Luz was about to present to his boyfriend, Edward, a ring worth P 2,000,000 cash. The installment price is valued at P 4,500,000. On his way to meet his boyfriend, she me a car accident and died.

How much shall be included in the gross estate?