Hi,
I just want to ask if it is possible to refund capital gain tax paid to BIR for a sale of property that was cancelled and did not proceed with the actual sale? Deed of sale was executed and notarised but actually sale did not proceed. The reason being is that sale is within immediate family member (seller and buyer are siblings) and they were changes in plan. The buyer backed out form the sale.
Having said above is it possible to refund capital gain tax paid? Thanks in advance for your inputs and advise.
Thanks,
Marc