Cedric sold to Hermione, his shares of stock in Hogwarts Corporation (a closely held domestic corporation) for
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Cedric sold to Hermione, his shares of stock in Hogwarts Corporation (a closely held domestic corporation) for P400,000 when its fair market value was P850,000. The shares were purchased by Cedric five years ago for P500,000. How much is the donor's tax due?
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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