Posts

Showing posts from June, 2011

Exemption from CGT payment.

The sale of principal residence  may be exempted from capital gains tax, subject to the fallowing conditions: - Sale or disposition of principal residence - By natural person - Proceeds of which is fully utilized in acquiring or constructing a new principal residence within eighteen (18) calendar months from the date of sale or disposition - The historical cost or adjusted basis of the real property sold or disposed shall be carried over to the new principal residence built or acquired - The Commissioner shall have been duly notified by the taxpayer within thirty (30) days from the date of sale or disposition - The said tax exemption cab only be availed of once every ten (10) years - Execution of Escrow Agreement*      - Escrow Agent (Bank)      - Seller      - Buyer      - BIR       - If there is no full utilization of the proceeds of sale or disposition, the portion of the gain presumed to have been realized from the sale or disposition shall be subject to capi

TALLEST RESIDENTIAL TOWER in the PHILIPPINES

Image
   STRATFORD RESIDENCES at PICAR PLACE "Situated in the cosmopolitan hub of Kalayaan Avenue in Makati City and stunning from every angle, the Stratford Residences, 70 storeys high, offer residents all the gracious amenities of superior modern living fused seamlessly with uncompromising safety and security.  The Stratford Residences is more than just a fancy address, it is the consummate home - peaceful, private and privileged, truly on top of the rest." For your unit reservation call 0919-4174862 Beng Gomez