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The taxpayer is a citizen and resident of the Philippines Selling price at fair market value of land and building in the Philippines held as

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The taxpayer is a citizen and resident of the Philippines Selling price at fair market value of land and building in the Philippines held as capital asset Cost of the land and building Holding period of the land and building P5,000,000 P3.000.000 2 2 years The capital gain tax is

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