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How much is the gross estate of the decedent

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Reference no: EM132720415

Question: In the last will and testament, a decedent provided that the properties he leaves must not be sold or disposed of for ten years following his death. He had real estate in his gross estate as follows:

At the time of death - zonal value of P500,000

At the end of ten years after death:

Fair Market Value - P2,500,000

Declared value in the estate tax return - P1,500,000

Zonal Value - P3,000,000

How much is the gross estate of the decedent?

Reference no: EM132720415

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