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The following items comprised the gross estate of Mr. Peter, a non-resident alien decedent: House and lot located in Aus
Posted: Wed May 04, 2022 6:42 am
by answerhappygod
- The Following Items Comprised The Gross Estate Of Mr Peter A Non Resident Alien Decedent House And Lot Located In Aus 1 (49.7 KiB) Viewed 43 times
The following items comprised the gross estate of Mr. Peter, a non-resident alien decedent: House and lot located in Australia P 6,000,000 Sedan car located in Philippines 2,000,000 Three-door apartment in Australia 3,000,000 Shares of stock of SMC Corp., Philippines 2,000,000 Shares of stock of a foreign corporation with business situs in the Philippines 1,000,000 Franchise excercisable in Australia 1,000,000 1. Compute the gross estate of the decedent subject to estate tax in Philippines under the principle of reciprocity. 2. Compute the gross estate of the decedent subject to estate tax in Philippines without applying the principle of reciprocity. 3. Compute the gross estate assuming the decedent is an Australian citizen residing in the Philippines.