Tax Rules on Real Property Transactions

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BIR REGULATIONS NO. 8-98: Tax Rules on Real Property Transactions

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Title Source: Supreme Court: Tax Rules on Real Property Transactions

Law: Bir Regulations No. 8-98

Decision Date: Aug 25, 1998

Revenue Regulations No. 8-98 amends tax treatment for the sale, transfer, or exchange of real property, establishing a 6% capital gains tax on capital assets and outlining specific filing and payment procedures for both capital gains and creditable withholding taxes.

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