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Nicanor sold his rest house in Pangasinan for P 8,000,000. The Fair market value of the rest house at the time of sale is P

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Nicanor sold his rest house in Pangasinan for P 8,000,000. The Fair market value of the rest house at the time of sale is P 10,000,000 as determined by the BIR. Independent appraiser valued the property at P20,000,000. If Nicanor utilized P 8,000,000 of the proceeds of the sale in acquiring a new principal residence, the capital gains tax due is

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