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Question - Sale of real property in installments by a real estate dealer:
Selling price P1,800,000
Zonal value 2,000,000
FMV 1,700,000
Payment on the consideration:
July 1,2017 (date of sale) 225,000
December 1, 2017 225,000
July 1, 2018 1,350,000
Required - How to claim INPUT TAX?
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