capital gains?

**CVT** · February 8th, 2006 10:21 AM

mr pink: for capital gains tax, it is not the profit that is being taxed, it is the selling price, to the tune of 6%, so it should be termed as capital tax, IMHO.

**mrpink** · February 8th, 2006 11:39 AM

Originally Posted by CVT

mr pink: for capital gains tax, it is not the profit that is being taxed, it is the selling price, to the tune of 6%, so it should be termed as capital tax, IMHO.

yep .. i understand .. i just meant that the cap gains "concept" was for tax on profit which is why the seller would be ideally shouldering it ..

**4wrider** · February 8th, 2006 11:45 AM

Capital gains tax is really a tax on the presumed gain on the sale of capital goods such as real property and shares of stocks in a corporation. In fact kung nasa real property business yung seller subject sa 35% of the net income on the sale.

May paraan para makaiwas sa capital gains tax on transfer of real property. But the amount involved should be substantial para masulit at medyo matagal ng konti ang process kaysa sa direct sale.

**dx8976** · February 8th, 2006 01:34 PM

is it the same for all types of property?
i noticed in a previous contract for a condo that real property tax was based on asessed market value instead of zonal value?

also, does it follow that if the property was transferred, then cap gains was already paid? can this argument be used in court?

**ti8245** · February 8th, 2006 01:40 PM

Kung magbebenta ako ng lote for example. Anong mga taxes ang babayaran ko?

**beetot** · August 13th, 2009 09:15 AM

Originally Posted by dx8976

Is it possible to transfer title of property without having paid capital gains tax?

Yes, it is possible. You must prove that the property to be sold is your actual principal place of residence and the proceeds of the sale will be used for establishing (within 18 months from date of sale) your new principal place of residence.