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CHAPTER 4

3- 1. DISCUSSION QUESTIONS / PROBLEMS


1. a. b. c. d. e. f. g. h. i. Trees attached to the land Pigeon houses Usufruct over a parcel of land Fertilizer actually used on a piece of land Wooden scaffoldings Machineries installed by the o ner !uilding constructed by the lessee Machineries installed by lessee "tea#ship President $leveland Real property Real property Real property Real property Personal property Real property Personal property Personal property Personal property

%.

&a'( &b' and &c' Residential house $ar Far# in ,uezon "hares of stoc$ondo#iniu# unit in $anada Ti#e deposit in $anadian !an/ross estate P%()**(*** +)*(*** 1(%**(*** ))*(*** .(***(*** %+*(*** P0(1+*(***

1.

a. 2onresident alien &

ith reciprocity' P%(***(***

3ouse and lot( Manila b. 2onresident alien &no reciprocity' 3ouse and lot( Manila "hares of stoc-( Philippine corporation "hares of stoc-( 3ong-ong $orporation 5ccounts receivable( Philippine debtor Proceeds of revocable life insurance "avings deposit( Manila !an/ross estate .. a. 2onresident alien & ith reciprocity'

ith business situs

P%(***(*** 1%)(*** 14)(*** +*(*** 1)*(*** .)(*** P%()))(***

2o gross estate shall be sub6ect to ta7 because all properties are intangible personal ithin the Philippines. 8nly real properties and tangible personal properties ithin are included in the gross estate of a nonresident alien & ith reciprocity' decedent. b. 2onresident alien &no reciprocity' "hares of stoc-( Po 9u Tan $orporation !onds( Tsi Tsa $o#pany Franchise( Philippines /ross estate P %%)(*** +*(*** %**(*** .:)(***

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