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  • Capital Gain Tax and Etc

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    Zedd V De Juan
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    Capital gains from the sale of real property in the Philippines by individuals are subject to a 6% capital gains tax based on the higher of the gross selling price or current fair market value, except for the sale of one's principal residence which may be exempt. The capital gains tax is 6% of the highest value among different property valuation methods, so tax savings can be significant compared to paying tax on the full selling price. For a P10 million property, the capital gains tax would be P600,000.

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    Capital gains from the sale of real property in the Philippines by individuals are subject to a 6% capital gains tax based on the higher of the gross selling price or current fair market value, except for the sale of one's principal residence which may be exempt. The capital gains tax is 6% of the highest value among different property valuation methods, so tax savings can be significant compared to paying tax on the full selling price. For a P10 million property, the capital gains tax would be P600,000.

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    6 views1 page

    Capital Gain Tax and Etc

    Uploaded by

    Zedd V De Juan
    Capital gains from the sale of real property in the Philippines by individuals are subject to a 6% capital gains tax based on the higher of the gross selling price or current fair market value, except for the sale of one's principal residence which may be exempt. The capital gains tax is 6% of the highest value among different property valuation methods, so tax savings can be significant compared to paying tax on the full selling price. For a P10 million property, the capital gains tax would be P600,000.

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    © All Rights Reserved
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    of 1

    6 percent

    capital gains from the sale of real property located in the Philippines classified as capital
    assets by individuals are subject to a capital gains tax of 6 percent based on gross
    selling price or the current fair market value, whichever is higher at the time of sale.

    However, if the capital asset sold is the seller's own principal residence, the sale may
    be exempt from CGT. CGT is computed at 6% of the highest among the BIR zonal
    value, tax declaration value, or selling price, so the tax savings may be significant. ... For a P10
    million property, the CGT is P600,000.

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