Tax rules on extrajudicial foreclosure sales

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BIR REVENUE REGULATIONS NO. 4-99: Tax rules on extrajudicial foreclosure sales

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Title Supreme Court: Tax rules on extrajudicial foreclosure sales

Law: Bir Revenue Regulations No. 4-99

Decision Date: Mar 9, 1999

BIR Revenue Regulations No. 4-99 amends previous revenue orders to clarify the payment of capital gains tax and documentary stamp tax on extrajudicial foreclosure sales of capital assets by banks and financial institutions, establishing specific tax obligations based on the mortgagor's right of redemption.

capital gains

documentary stamp

extra

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