The Capital Gains Tax Return (BIR Form No. 1707) shall be filed in triplicate by every natural or juridical person, resident or non-resident, for sale, barter, exchange or other onerous disposition of shares of stock in a domestic corporation, classified as capital assets, not traded through the local stock exchange.
How do you calculate capital gains on sale of real property?
Determine your realized amount. This is the sale price minus any commissions or fees paid. Subtract your basis (what you paid) from the realized amount (how much you sold it for) to determine the difference. If you sold your assets for more than you paid, you have a capital gain.
Where do I file my capital gains tax return?
The Capital Gains Tax Return (BIR Form No. 1706) shall be filed in triplicate copies by the Seller/Transferor who are natural or juridical whether resident or non-resident, including Estates and Trusts, who sell, exchange, or dispose of a real property located in the Philippines classified as capital asset as defined under Sec.
What do you need to know about capital gains tax?
For shares of stocks not listed/not traded – Latest Audited Financial Statement of the issuing corporation with computation of the book value per share; (One (1) original copy and two (2) photocopies)
How are capital gains taxed in the Philippines?
Capital Gains Tax is a tax imposed on the gains presumed to have been realized by the seller from the sale, exchange, or other disposition of capital assets located in the Philippines, including pacto de retro sales and other forms of conditional sale.
How to calculate capital gains tax for club shares?
For shares of stocks listed/traded – Price index from the PSE/latest FMV published in the newspaper at the time of transaction; (One (1) original copy and two (2) photocopies) For club shares – Price published in newspapers on the transaction date or nearest to the transaction date; (One (1) original copy and two (2) photocopies)
