What is the bir form to be used and the deadline for payment

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Question: Mr. T sold his vacant lot with an area of 100 sq. m. in Green Valley Subdivision, Casili, Consolacion, Cebu. The selling price in the Deed of Sale is P1,000,000. The fair value in the provincial assessors of?ce as shown in the Tax Declaration is P200,000. The latest BIR zonal value is in BIR website.

1. Compute for the capital gains tax.

2. Compute the documentary stamp tax.

3. What is the BIR form to be used and the deadline for payment? Guide to get the zonal value: Proceed to Bl R website. Click the folder zonal values. Search for RDO 80- Mandaue. In the list, look for the town Consolacion and go in the list to Barangay Casili.

Reference no: EM133420365

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