In the Philippines September 2018, Gary sold his principal residence in Shaw Boulevard. The selling price agreed
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In the Philippines September 2018, Gary sold his principal residence in Shaw Boulevard. The selling price agreed upon was P5,000,0000 while the zonal value was P8,000,000. He bought his old residence for P4,000,000. In August 2020, Gary bought a new residence amounting to P4,500,000. The capital gains tax paid on the sale of the old principal residence was
- P300,000
- P270,000
- P48,000
- P480,000
Related Book For
South-Western Federal Taxation 2019 Individual Income Taxes
ISBN: 9781337702546
42nd Edition
Authors: James C. Young, William H. Hoffman, William A. Raabe, David M. Maloney, Annette Nellen
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