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Item details
Category TRANSACTION TAX
When should I pay the Capital Gains Tax (CGT)?
Created Jun-5-2015
Owner admin
QUESTION When should I pay the Capital Gains Tax (CGT)?
ANSWER

Within 30 days from the sale or disposition of your house and lot. However, in case of any discrepancy between the date of the sale agreement and the notarization date, the BIR, as a matter of practice, reckons the 30 day period from the notarization date for purposes of computing the 30 day period.