Liam bought shares of stock of a publicly-listed domestic company in 1997 at a cost of P200,000.

In 2020, Liam donated the stocks to Olivia, during which time, the fair market value of the shares is P2,000,000.

On January 1, 2022, Olivia sold the shares for P3,000,000.

How much capital gain should be included as part of Olivia's gross income?

 Andy disposes a vacant lot for P3,000,000. The lot has an Assessor's fair value of P2,800,000, a zonal value of P3,200,000, and an appraisal value of P3,500,000.

How much is the capital gains tax?

Answer rating: 100% (QA)

For Olivia The capital gain that should be included as part of Olivias gross income is the differenc... View the full answer