Hi I need help on what is the answer to this problems? Below is the question and other concerns will be in the comment section. I hope you can help me and surely I will give you full positive feedback.

QUESTION NO. 01

Which among the items mentioned below reduces the gross value of the estate but not the net value of the estate of a citizen of the Philippines for purposes of Estate Taxation? Explain.

Transfer for Public Purpose,

Property Previously Taxed (Vanishing Deduction),

Life Insurance, or

Capital of the Surviving Spouse

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QUESTION NO. 02

Mr. A, 90 years old and suffering from an Stage IV Terminal Lung Cancer, decided to sell for valuable and sufficient consideration a property to his son. After one year, Mr. A unfortunately died. In the settlement of Mr. A's estate, the BIR argued that the house and lot were transferred in contemplation of death and should therefore form part of the gross estate for estate tax purposes. Is the BIR correct?