Identification/ Enumeration:

1. What are the allowable deductions for Estate Tax Purposes? Enumerate the
requisites for its deductibility. ( For resident and nonresident alien)

B. For a non-resident alien:

1. Standard Deduction – An amount equivalent to Five hundred thousand pesos

(₱500,000) 

2. Losses and indebtedness - 

2.1. Claims against the estate

2.2. Claims of the deceased against insolvent persons where the value of
the decedent’s interest therein is included in the value of the gross estate

2.3. Unpaid mortgages, taxes and casualty losses

3. Property previously taxed

4. Transfers for Public Use

5. Net share of the surviving spouse in the conjugal partnership or community

property