PHILIPPINE TAXATION (REFER TO PH TAX SCHEDULE 2023)

1. Alex, a resident citizen, realized the following gains from sale of assets: How much is the total capital gains tax? 2. Classify the following as ordinary or capital assets. Write O for Ordinary or C for Capital. a. Stock and Securities held by taxpayers as investment b. Stock and Securities held dealers in securities c. Interest in partnership and joint venture d. Goodwill e. Real property not used in trade or business f. House and lot g. Real property held for sale in the ordinary course of trade or business by a real estate company h. Real property used as a warehouse i. Real property held as investment by a real estate company . Parking space for lease