Practice question
For basic estate inclusion, what does 85(A) identify concerning property in which ownership is shared?
- Automatically every co-owner's entire unrelated estate.
- The extent of the decedent's interest at death.
- Only the interest of the youngest heir.
- The full value of every asset the decedent once saw.
- Only property paid for in cash on the day of death.
Legal references
- NIRC Sections84-85,98 and104, read with TRAIN amendments: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
- RA10963, TRAIN, estate and donor tax amendments including Sections99-100: https://lawphil.net/statutes/repacts/ra2017/ra_10963_2017.html
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