Proceeds of life insurance includible in the taxable gross estate

a$.$ Insurance from SSS or GSIS;

b$.$ Amount receivable by any beneficiary designated in the policy by the

insured;

c$.$ Amount receivable by any beneficiary designated in the insurance

policy;

d$.$ Proceeds of group insurance out by a company for its employees.

An example of intangible personal property outside Philippines

a$.$ Domestic shares of stock

b$.$ Foreign shares, $85\%$ of the business of the corporation is in the

Philippines.

c$.$ Foreign shares with business situs in the Philippines

d$.$ Foreign shares, certificate of stock are loept in Makati

Which of the following item is considered situated outside the Philippines?

a$.$ Franchise in the name of the decedent which is exercised in the

Philippines

b$.$ Share of stock holdings of decedent in a foreign corporation whose

business is $90\%$ done in the Philippines

c$.$ Bond certificate issued by a domestic corporation owned by a non$-$

resident decedent

d$.$ Foreign currency deposited in bank outside the Philippines

Which statement is correct? By reciprocity, a property may be exempt from

tax if

a$.$ The property is intangible personal property located in the Philippines

and owned by a non$-$resident citizen decedent

b$.$ The foreign country where a non$-$resident alien decedent was a citizen

and resident allows exemption from death tax the intangible personal

property of a non$-$resident Filipino

c$.$ The property owned by a non$-$resident alien is a real property

d$.$ None of the above