Capital Gains Tax Exemption on Principal Residence

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BIR REVENUE REGULATIONS NO. 13-99: Capital Gains Tax Exemption on Principal Residence

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Title Supreme Court: Capital Gains Tax Exemption on Principal Residence

Law: Bir Revenue Regulations No. 13-99

Decision Date: Jul 26, 1999

BIR Revenue Regulations No. 13-99 exempts citizens and resident aliens from capital gains tax on the sale of their principal residence, provided they fully utilize the proceeds to acquire or construct a new principal residence within 18 months and meet specific documentation requirements.

capital gains

principal residence

tax exemption

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