Answer 1-20 true or false then explain why is that your answer in each number thank you tutors

True or False 2 Installment payment of capital gains tax is allowed if the ratio of down over the selling price of the sale does not exceed 25%. The annual capital gains tax return is simultaneously due with the annualy. income tax return. The basis of properties received by way of inheritance is the basis in the the last owner who did not acquire the same by donation. When specific identification is impossible, the cost of the stodg determined by the weighted average method. The basis of the stocks received in tax-free exchanges is the basis of the given. The transactional capital gains tax return is required to be filed with from the date of sale. The gain on the sale of stocks for stocks pursuant to a plan of mee consolidation is exempt if it resulted in the transferor acquiring corporate over the absorbed corporation. The selling price is used to determine the propriety of using the is method but the contract price is used to determine the capital gains tax pa installment. The excess of mortgage over the basis assumed by the buyer costhe indirect receipt which is part of the initial payment and the selling price Wash sales occur when there is a repurchase of identical securities with before and 30 days after the date of disposal of securities at a loss. Control means more than 50% ownership in the voting power of a corpora The sale of delisted stocks is subject to stock transaction tax and not be gains tax. Gain and loss in a share-for-share swap pursuant to a plan of consolidation shall be recognized up to the extent of the cash and other pro received. The sale by the National Housing Authority of commercial lots is subject gains tax.Chapter 6 .Capital Gains Taxation ifthe assessor's fair value is lower than the selling price, then the fair value of the property is the zonal value. a file to a property shall not be registered by the Registry of Deers under the bern paid commissioner or his representatives has certified that the tax on the iraqiler hed a pomestic corporations are exempt from capital gains tax on the sale, exchange. and other disposition of real properties. as The sale of land pursuant to the Agrarian Reform Programis exempt from capital foreign corporations are required to pay capital gains tax on the Lile of dorieuk socks and on the sale of real property capital assets. The alternative taxation on an expropriation sale is not applicable to corporate Makiple Choice - Theory: Part 1 ct to the 15% capital