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The Four R's of Taxation:: Acceleration and Act
The Four R's of Taxation:: Acceleration and Act
Tax Law
Property
B、Property Taxes
1 Real Property Tax - Annual tax that may be imposed by a
province or city or municipality on real property such as land,
building, machinery, and other improvements affixed or attached to
real property.
2 Estate Tax - a tax on the right of transmitting property at
the time of death and on the privilege that a person is given in
controlling to a certain extent the disposition of his property to take
effect upon death.
3 Gift or Donor Tax - a tax on the privilege of transmitting
one's property or property rights to another or other's adequate and
full valuable consideration.
4 Capital Gain Tax - tax impose on the sale of exchange of
property. Those impose are presumed to have been realize by the
seller for the sale, exchange or other disposition of real property
located in the Philippines, classified as capital assets.