On August 15, 2020, Mr. Neji, sold 500 square meter residential land for P350, 000. The land

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On August 15, 2020, Mr. Neji, sold 500 square meter residential land for P350, 000. The land was acquired in 1999 for P200, 000 and classified as capital asset. On the date of sale the fair market value as shown in the real property declaration is P250,000 and the assessed value amounts to P75,000. The zonal value is P700 per square meter. The capital gain tax is

Posted Date: May 18, 2024 04:17 PM

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On August 15, 2020, Mr. Neji, sold 500 square meter residential land for P350, 000. The land

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