1. Palawan sold its parking lot for P2,000,000.

The lot has a zonal value of P2,500,000 and appraisal

value of P1,800,000. The capital gains tax on the sale of the lot is?
2. Anderson disposes a vacant lot for P3,000,000. The lot has an assessed value of P2,800,000,
zonal value of P3,500,000. What is the capital gains tax?
3. Mr. Quezon exchanged his stock investment in the Stocks of Carmen Corporation for the shares
of stock of Dingalan Corporation. The stocks acquired by Mr. Quezon represents 60% of the stock
of Dingalan Corporation.

Basis of the stocks given P 3,000,000

Fair market value of stocks given 5,000,000
Fair market value of received 4,500,000

What is the capital gains tax?

4. Mr. Talipao derived the following income in 2011:

Business income 200,000

Compensation Incom 300,000
Interest income from 6/6 lending 100,000
Interest income from bank deposits 20,000
Royalty income 100,000
Capital gain on sale of personal car 20,000
Capital gain on the sale of stocks directly to buyer 40,000
Ordinary gain on sale of old office furniture 10,000
Dividend income 50,000

a. Compute for total passive income and tax due subject to final tax.
b. Compute for total income tax subject to regular tax and tax due
c. Compute for capital gain and tax due subject to capital gains tax.