$1.$ Sale of real property by a real estate dealer is subject to what kind of tax? BASIC INCOME TAX ESTATE TAX CAPITAL GAINS TAX $8\%$ PREFERNTIAL TAX $2.$ Gain on sale of shares$/$securities by a dealer in securities is subject to what kind of tax? ESTATE TAX CAPITAL GAINS TAX BASIC INCOME TAX $8\%$ PREFERNTIAL TAX $3.$ Gain on sale of shares of domestic corporation directly sold to a buyer is subject to what kind of tax? BASIC INCOME TAX $8\%$ PREFERNTIAL TAX CAPITAL GAINS TAX ESTATE TAX $4.$ The land which is classified as a capital asset of a resident citizen taxpayer was acquired at P$500,000$ seven $(7)$ years ago. The location of the land is in the Philippines. Taxpayer sold it at a price which was higher than its FMV of P $1,000,000.$ Selling price of the land was P$1,500,000.$ How much is the tax base for CGT on the said sale? $[$ P $1,000,000$ P $2,000,000$; P $1,500,000$ P $500,000]$