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Additional data
In february, the taxpayer bought a lot deemed as Capital asset. The acquisition cost was P840, 000. He
later sold the lot in December for P1, 060,000.
In September, the taxpayer slod his 580 shares of stock of Ayala Investment Corporation held by him as
Capital asset, thru a local stock exchange, the cost was 36,900 whereas the sales price was P154, 000.
In october, the taxpayer sold for P820, 000 his house and lot located in Makati, held as Capital asset (not
his prinsipal residence). The fair market value on the date of sale was 950,000 and the acquisition was
P475, 000.