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Capital GAins Tax rates are as follows:
0 to 100000 Rate is 5%
above 100000 Rate is 10%
1.Capital gain Calculation is
Capital Gains = Markup-selling costs-Stamp duty
upto 100000P tax is 5% =10000P*5%=5000P
above 100000P tax is 10%= 87000*10%=8700P
So total tax liabiloity is 13700P
so answer is 13700P
2. Capital gain =70000P
Tax liability =70000P*5%=3500P
so answer is 3500P
3.Capital gain =320000P
Tax liability =100000P*5%+220000P*10%=5000P+22000P=27000P
So answer is 27000P
4.no tax on this trasaction
So tax liability is 0
1. Mr. Dionisio sold domestic stocks directly to a buyer at a mark-up on cost P200,000....
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