Which statement regarding the gross gift of a non-resident alien is false?

The assertion that a gross gift of a non-resident alien will include intangible properties regardless of location is incorrect, which is why it is identified as the false statement. Under the principles governing the taxation of gifts made by non-resident aliens, there are specific rules that limit the scope of taxable gifts to properties that are situated within certain jurisdictions, particularly those that have established reciprocity agreements.

Intangible properties, such as stocks and bonds, are generally considered to be located where the owner resides. Therefore, for a non-resident alien, only the intangible properties located in a jurisdiction that recognizes such gifts for tax purposes may be included in the gross gift calculation. This is why the statement regarding the inclusion of all intangible properties without regard to their location does not hold true and is marked as false.

The other statements correctly reflect the treatment of gifts made by non-resident aliens based on the location of the intangible properties and the legal principles of reciprocity. For instance, while all intangible personal properties are broadly included, properties located in jurisdictions without reciprocity do not qualify for inclusion in the gross gift.