Market, not par value, determines documentary stamp tax – CTA ruling

tax appeal

here’s an important article for everyone’s reference, particularly on property sales being done through tax free exchange, which is almost non-existent anymore !

in addition, a property appraisal by an accredited appraiser is  now required by the bureau of internal revenue in determining the final computation of capital gains  tax and documentary stamps !

to view the article from business mirror’s correspondent, david cagahistian, click on thei link below :

http://businessmirror.com.ph/index.php/en/business/banking-finance/27692-market-not-par-value-determines-documentary-stamp-tax-cta-ruling

have a nice day …

robert

Robert G. Sarmiento Properties
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President, Greenhills Chapter 2008-2009
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