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How much is the capital gains tax arising from the sale

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Question - Leo sold his principal residence for P9,000,000. The property has a zonal value of P8,000,000 and an appraised value of P10,000,000. He utilized the entire proceeds to purchase a building, where he used as his principal place of business. How much is the capital gains tax arising from the sale of real property?

Reference no: EM132949849

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