Mr. A sold his family home for P5,000,000. He bought the land for P1,000,000 and introduced improvements

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Mr. A sold his family home for P5,000,000. He bought the land for P1,000,000 and introduced improvements therein for a total cost of P2,000,000.

What is the amount of capital gains tax due from the sale of the property?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Jun 01, 2023 05:44 AM

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Mr. A sold his family home for P5,000,000. He bought the land for P1,000,000 and introduced improvements

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Income Tax Fundamentals 2013

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