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capital gain tax

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Wed, 07/22/2015 - 13:39
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Anonymous
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capital gain tax

Hi there, 
I just want to ask something about the capital gain tax of the property i bought from my cousin. She paid the bank 3.5M to redeem the property then sold it to me for 2.5M . BIR based the capital gains on the redemption certificate issued by the bank instead of deed of sale. How will i deal with this? Thanks in advance

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