Question: Yes or no. Explain your answer 25. B donated a piece of land to Silliman University exclusively for educational purposes. B acquired the real property

Yes or no. Explain your answer 25. B donated a piece

Yes or no. Explain your answer

25. B donated a piece of land to Silliman University exclusively for educational purposes. B acquired the real property 20 years ago for only Php 80,000.00. at the time of the donation, it has a fair market value of Php 850,000. Is the transaction to Silliman University taxable

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