1. no.

IT IS STILL UNDER NEGOTIATION THEREFORE IT IS NOT INCLUDED IN THE GROSS ESTATE NOT
SUBJECT TO TAX.

2. Yes, because it satisfies the criteria of transfers in contemplation of death by reason which is
supported by the presence of various factors namely; execution of a will, age, serious disease and time
of death which is close to the donor's date. Furthermore there is no consideration stated which can
excludes the gifts in the case that it is full and adequate.

3. No, because the 100 hectare agricultural land should be valued according to its fair market value at
the time of death of Mr. Juan Dela Cruz which is 20 million.

4. No, since the house and lot was sold for valuable and sufficient consideration then it cannot be
considered as transfer in contemplation of death making it excluded from the gross state.