4-1

1.False could not be claimed as claim against the estate. 2.

2.True
3.False indebtedness is not transferrable to the heirs
4.True
5.False bank loan is the exception for notarization requirement.
6.True
7.true
8.Falseunpaid taxes accrued before death only.
9.False not deductible because the loss has been claimed by gross income. No double deduction is allowed.
10.False not deductible. Donation is deductible if given for Philippine Government and exclusively for public purposes.
11.True
12.False special deductions are not allowed to nonresident alien decedent.
13.True
4-2
1.False value of deduction at the time of death.
2.Falsenot terminated upon the decedents death but shall be paid by the remaining estate.
3.True
4.False judicial expense incurred after death but before the estate tax settlement date is still deductible from gross estate. 5.
5.False losses that are deductible must have been sustained after death but before the settlement date of estate tax. 6.
6.True
7.True
8.False not deductible. Only those expenses actually taken from the gross estate are deductible. 9.
9.False actual or 5% of the gross not exceeding P200,000
10.Falsethis threshold is applicable to funeral expense.
11.FalseOnly those expenses actually taken from the gross estate.
12.True
13.True
4-3
1.False special deduction.
2.Falseneither special nor ordinary deduction.
3.True
4.True
5.True
6.False deductible only if included in the gross estate. The amount deductible from the gross estate is limited to the amount that cannot be
recovered.
7.False either against the gross estate or against gross income. There is no double deduction.
8.False Estate tax is not deductible from gross estate. (Sec. 86, NIRC)
9.True
10.False not deductible because not yet accrued expense.
11.True
12.False Nondeductible because only those related to gathering, preservation and settlement of the estate is allowed as deductible judicial
expense from the gross estate.
13.True
4-4
1.False ordinary deduction.
2.True
3.False of net conjugal estate, after ordinary deductions
4.False- no funeral deduction expense is allowed.
5.False funeral expense is deducted first from common property
6.True
7.True
8.True
9.Falsedeductible whether paid or unpaid, the maximum deductible medical expense isP500,000.
10.False not allowed as deduction is in excess of P500,000
11.False this is in addition to other allowable deductions. Standard deduction is not in lieu of ordinary deduction.
12.False no receipt is necessary for standard deduction.13.
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5-1
1.True
2.False 20% of the net taxable estate
3.False intangible property of nonresident alien decedent.
4.False Not any claims, but legal claims substantiated with supporting documents
5.False Not allowed to nonresident alien decedent because they are taxed only on properties situated within.
6.False the first P200,000 is estate tax-exempt.
7.True
8.True
9.True
10.False If the value of the gross estate exceeds P2,000,000.
11.True
12.True
5-2
1.False This is also allowed to nonresident alien decedent for their ELITE.
2.True
3.True
4.True
5.Falsedeductible in full
6.False standard deduction will not reduce the inheritance.
7.False only 30 days.
8.True
9.True
10.True
11.True
12.True
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