solved: 22 XXX, a Filipino residing in Manila, single, died on June 1,…

  

22 XXX, a Filipino residing in Manila, single, died on June 1,…22 XXX,  a Filipino residing in Manila, single, died on June 1, 2020.  He left the following properties:House and lot in Shanghai, ChinaP5,000,000Bank deposit in Shanghai, China 2,000,000Bank deposit in Manila 500,000Commercial lot and building in Manila 6,000,000Shares of stock of a domestic corporation 800,000Promissory note from Ah Kong, a resident of Manila, who could only pay 40% of the note because he is insolvent 200,000Honda Civic car in Manila 1,200,000Franchise exercised in  China 3,000,000Shares of stock of Yummy Corporation, a corporation registered in China, 80% of the business of which is located in the Philippines 400,000 How much is the gross estate of Mr. XXX? LawSocial ScienceTax law IABF ACT1116

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