Delata Corporation bought a condominium unit for P6,000,0000. The fair market value of the property per tax declaration is P6,800,000 while the zonal value is P6,500,000. It was transferred in the name of Pedro, one of its executives, for a lower consideration amounting to P5,800,000. How much is the fringe benefits tax?

Delata Corporation bought a condominium unit for P6,000,0000. The fair market value of the property per tax declaration is P6,800,000 while the zonal value is P6,500,000. It was transferred in the name of Pedro, one of its executives, for a lower consideration amounting to P5,800,000. How much is the fringe benefits tax?

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter14: Property Transactions: Determination Of Gain Or Loss And Basis Considerations

Section: Chapter Questions

Problem 6DQ

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