Determine the capital gains tax

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Question - Gross profit from sale P6,000,000

Dividend from DC P50,000

Capital Gain on idle Land in the Ph held for two months (sold at 1,5M) P500,000

Capital Gain on sale of shares of a closely held corporation P180,000

Required -

1. Determine the capital gains tax.

2. Determine the final tax.

Reference no: EM132772595

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