General rules apply for determining the locality for purposes of inheritance tax of different classes of property1. In cases governed by double taxation agreements, however, the general rules are replaced by the special situs codes contained in those agreements2.
Registered shares and securities are situated where they are registered3. If, however, the shares may be transferred by delivery4, they will be regarded as situated where the certificate of title is kept5. An interest in land is situated where the land itself is situated6. Chattels are situated where they are actually situated at the time of the relevant transfer of value
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