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Problem 5 - Tax on capital gains from sale of real property John Camuna, a Filipino comedian purchased a land on the province of Tawi-tawi

Problem 5 - Tax on capital gains from sale of real property

John Camuna, a Filipino comedian purchased a land on the province of Tawi-tawi for P3,000,000 but the assessed value of the land is P4,500,000. For his capital gain of P1,500,000, how much is the capital gains tax?

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