J. Ariana Tall Venti Grande acquired her principal residence in 2016 at a cost of P1,000,000. She sold the said property on January 1, 2018, with a fair market value of P5,000,000 for a consideration of P4,000,000. Within the 18-month reglementary period, she purchased her new principal residence at cost of P7,000,000.

1. How much is the capital gains tax due?

2. How much is the documentary stamp tax?

3. How much is the basis of the new principal residence?

K. Using the same data in Problem J, if for example, Ms. Grande acquired his new principal residence within the 18-month reglementary period but did not utilize the entire proceeds of the sale in acquiring his new principal residence because he only used P3,000,000 thereof in acquiring his new principal residence.

1. How much is the capital gains tax?

2. How much is the basis of the new principal residence?