For a vanishing deduction, there should always be two transfer of property

within five years whether the first transfer be gratuitous or onerous.

- FALSE

Funeral expenses includes : Internet and cremation fees and charges.

- FALSE

Funeral expenses includes : Cost of burial plot, tombstones, monument or

mausoleum but not their upkeep. In case the deceased owns a family estate
or several burial lots, all plots are deductible.
- FALSE

Funeral expenses are deductible to the extent of 5% of the total gross estate
but not exceeding P100,000.
- FALSE

For a vanishing deduction, there should always be two deaths within five
years from receipt of property.
- FALSE

Losses can be deducted only if incurred during the settlement of the estate.
- TRUE

For marriages on or after August 3, 1988, the property relationship between

husband and wife, in the absence of a written agreement between them, is
the system of absolute community of property.
- TRUE

Real estate abroad is not included in the gross estate of a decedent who
was a resident alien.
- FALSE

Vanishing deduction must be subject to limitations.

- TRUE

Funeral expenses includes : All other expenses incurred for the performance
of the rites and ceremonies incident to interment..
- TRUE

Funeral expenses includes : Telecommunication expenses incurred in

informing relatives of the deceased within one year.
- TRUE

Funeral expenses includes : Publication charges for death notices.

- TRUE

Funeral expenses includes : Expenses for the deceased’s wake, including

food and drinks.
- TRUE
Losses can be deducted only if the property lost is included in the gross
estate.
- TRUE

Funeral expenses includes : The mourning apparel of the surviving spouse

and unmarried minor children of the deceased bought and used after the
occasion of the burial
- TRUE

Shares of stocks being intangible property shall be included in the

decedent’s gross estate wherever situated.

- FALSE

There may be a property relationship of conjugal partnership of gains even if

marriage was on or after August 3, 1988.
- TRUE