Citizen NRA NRA with

Resident without Reciprocity

EXCLUDE FROM GE
Reciprocity
GROSS ESTATE Exclusive property of surviving spouse
Real Property within Phil XX XX XX Merger of usufruct in the owner of naked
Real Property without Phil XX - - title
Tangible Personal Property within Phil Transfer under General Power of
XX XX XX Appointment
Tangible Personal Property without Phil XX - -
Intangible Personal Property within Phil (exclude if current decendent/ 1st
XX XX xx xheir/fiduciary heir)
Bank Deposit – Phil Branch (Domestic/Foreign Bank) xx xx xx All bequest services, legacies, transfer to
Receivables from Phil xx xx xx xx cultural/social institution – not > 20%
Shares in domestic corp xx xx Xx
Share in foreign corp (85% operation or business situs in the Phil) xx xx xx Proceeds from GSIS/SSS
Patents, copywrites, franchise exercised in the Phil From US Gov ( USVA/ legal heirs of deceased
xx xx WW11 veterans/civivlians)
Intangible Personal Property Without Phil XX PERA
Shares in foreign company xx Compensation to health workers due to
Foreign Bank xx covid
Receivables from Abroad xx

SEC 85 includes:
Decedent Interest -at time of death/before death XX
Transfer in Contemplation of Death XX XX XX
Revocable Transfer XX XX XX
Transfer under General Power of Appointment XX XX XX
Transfer for Insufficient Consideration XX XX XX
Transfer under General Power of Appointment XX XX XX
XX XX
Miscellaneous: XX
XX XX XX
Claims against insolvent persons XX XX
Proceeds of life insurance (Estate/Executor/Administrator/3 rd party revocable) XX
XX XX XX
Transfer for Public Use XX XX

XX
TOTAL GROSS ESTATE XX XX
LESS: DEDUCTIONS
ORDINARY DEDUCTIONS
LITe
Losses (after death, before payment)– Casualty loss, Acts of God/Man XX XX XX