Definitive Guide for Establishing Taxable Price of Real Property Sold or Donated in the Philippines Primer The role of taxation in every country is to provide funds for building infrastructure, sustaining personal benefits, enforcing police power, and more. In Philippines, we have income tax, real property tax, documentary stamps tax, capital gains tax, and many more. In real properties such as house and lot, lot, condominium, townhouse and more, we pay the following taxes: 1) capital gains tax, 2) documentary stamps tax, 3) donor's tax, 4) estate tax, and more. This guide refers only to establishing the taxable price for real properties that has undergone sale or donation. This article is limited only to the interpretation and experience of the author. Any other interpretation or addition to the article is welcome and comments can be posted. The author will reply as soon as possible How to compute for the taxable price of property sold? There are three bases for establishing the ...
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