HOULD BE PHILIPPINES BASED 1. What are the ordinary and capital assets?
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 4MCQ
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SHOULD BE PHILIPPINES BASED
1. What are the ordinary and capital assets?
2. Enumerate the two types of capital assets subject to capital gains tax .
3. What are the transaction considered as "other disposition" of domestic stocks? What transactions are not considered as "other dispositions?
4. Discuss the rules on tax basis of stocks acquired by purchase, inheritance, donation, for inadequate consideration, and other tax-free exchange.
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