Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mr. X sold his investments in domestic shares costing P200,000 directly to a buyer for P480,000. Commission expense of P4,000 and DST of P1,000 were

Mr. X sold his investments in domestic shares costing P200,000 directly to a buyer for P480,000. Commission expense of P4,000 and DST of P1,000 were also paid. The shares have fair market value of P600,000 at the time of sale. Assuming Mr. X is a NRA-NETB, how much is the CGT?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Control Anti Fraud Program Design For The Small Business

Authors: Steve Dawson

1st Edition

1119065070, 978-1119065074

More Books

Students also viewed these Accounting questions