1.Mr. Z died leaving the following properties with the fair market values at the time of death:...
Question:
1.Mr. Z died leaving the following properties with the fair market values at the time of death:
Piece of land in the Philippines
P2,000,000
Piece of land in Indonesia
1,000,000
Furniture and Fixtures in his house in the Philippines
600,000
Car in Indonesia
800,000
Share of stock of a Philippine corporation deposited in a deposit box of a bank in the Philippines
500,000
Share of stock of a Philippine corporation deposited in a deposited box of a bank in Indonesia
200,000
Share of stock of foreign corporation (subject of several transactions in the Philippines)
100,000
How much is the total fair market value of real estate, tangible personal properties and intangible personal properties to be included in the gross estate taxable in the Philippines:
Question 1:
If the decedent at the time of death was a citizen and resident of the Philippines? _________________________
Question 2:
If the decedent at the time of death was a subject of Indonesia residing in Indonesia? ______________________