PROBLEM 2 - within 30 days after sale

2/1/2018 Purchased 2,000 shares for ₱35 each

5/2/2018 Purchased 200 shares for ₱45 each
5/7/2018 Purchased 800 shares for ₱43 each

Case 1 4/12/2018 Sale of 600 shares for ₱30 each

Case 2 4/12/2018 Sale of 1,300 shares for ₱30 each

Case 1
No. of sh
Selling price 18,000 @ 30
Cost 600 x 35 21,000 @ 35
Capital loss (3,000)
Defer

5/2/2018 5/7/2018
200.00 400.00
Cost 9,000 17,200
Deferred loss (2:4) 1,000 2,000 (2:8)
Adjusted cost 10,000 19,200

PROBLEM 3 - within 30 days prior and after sale

Units Cost Total
3/1/2018 Purchase 3,000 20 60,000
4/2/2018 Purchase 2,000 25 50,000
5/25/2018 Purchase 500 22 11,000

Case 1 4/27/2018 Sale of 1,500 shares for ₱15 each

Case 2 4/27/2018 Sale of 2,300 shares for ₱15 each
Case 3 4/27/2018 Sale of 2,600 shares for ₱15 each
Case 4 4/27/2018 Sale of 3,500 shares for ₱15 each

Case 1 Case 2
No. of shares 1,500 2,300
Selling price 22,500 34,500
Cost @ 20 30,000 @20 46,000 @20
Capital loss (7,500) (11,500)

@ 1,500 2,000 300

Cost @ 25 37,500 @25 and 22 50,000 6,600
Deferred loss 7,500 10,000 1,500
Adjusted cost 45,000 60,000 8,100

PROBLEM 4 - within 30 days prior and after sale

Units Cost Total
3/1/2018 Purchase 3,000 20 60,000
4/2/2018 Purchase 500 25 12,500
5/25/2018 Purchase 2,000 22 44,000
Case 1 4/27/2018 Sale of 1,500 shares for ₱15 each
Case 2 4/27/2018 Sale of 2,300 shares for ₱15 each
Case 3 4/27/2018 Sale of 2,600 shares for ₱15 each

PROBLEM 5 - Complex stock transactions

Units Cost Total
3/1/2018 Purchase 3,000 30 90,000
4/2/2018 Purchase 2,000 35 70,000
4/22/2018 Sale, at 32 each 1,500
4/28/2018 Sale, at 29 each 2,000
6/17/2018 Purchase 5,000 32 160,000
7/2/2018 Sale, 34 each 2,500
8/6/2018 Purchase 4,000 33 132,000

REGULAR AND INSTALLMENT SALES OF REAL PROPERTIES

ABC Company, a real estate company, has the following real properties:

Inventory, 100,000 sqm

Land used in business as property, plant and equipment, 20,000 sqm
Investment property, 30,000 sqm
ABC Company sells its inventory on installment sales on a regular basis.

ABC has the following transactions during the year:

(a) Sold 200 sqm of inventory for ₱4,000 per sqm, cash.
(b) Sold 15,000 sqm of inventory for ₱5,000 per sqm, payable in two equal annual installments,
starting in the year of sale.
(c) Land of 1,000 sqm was sold for ₱6,000 per sqm, unpaid mortgage of 100,000 to be assumed by
the buyer
(d) Land of 2,500 sqm was sold for ₱7,500 per sqm, with 5% downpayment and three equal annual
installments for the remainder, starting the year after sale.
(e) Investment property of 400 sqm were sold for ₱300 per sqm, with unpaid mortgage of ₱1,800,00
to be assumed by the buyer.
(f) Investment property of 600 sqm were sold for ₱400 per sqm, terms of the sale include a 20%
downpayment with the remainder being payable in four equal annual installments, starting in the
year of sale. Unpaid mortgage on the property amounted to ₱2,600,000 which will be assumed b
the buyer.
(g) Investment property of 200 sqm were sold for ₱6,000 per sqm to the local government of
Dasmarinas City.

ORDINARY ASSETS
GSP Cost GI CWT
a 800,000 400,000 400,000 24,000
b 75,000,000 30,000,000 45,000,000 1,875,000.00
c 6,100,000 2,500,000 3,600,000 366,000.00
d 937,500.00 312,500.00 625,000.00 56,250.00
g 1,200,000 800,000 400,000 72,000.00
Taxable gross income 50,025,000 49,625,000
Tax rate 30% 30%
Annual tax 15,007,500 14,887,500
CWT 2,393,250 2,321,250
Still due 12,614,250 12,566,250

CAPITAL ASSETS
CGT
e 115,200.00 115,200.00
f 114,632.73 114,632.73
g 72,000.00
229,832.73 301,832.73
15,237,333 15,189,333
Case 2
1,000 300
30,000 9,000
35,000 10,500
(5,000) (1,500)
Defer Deductible from capital gain

5/2/2018 5/7/2018
200.00 800.00
9,000 34,400
1,000 4,000
10,000 38,400

Case 3 Case 4
2,500 100 2,000 1,500
37,500 1,500 @ 15 30,000 22,500
50,000 2,000 40,000 32,500
(12,500) (500) (10,000) (10,000)
2 points Deductiblefrom CG Defer Deductible
2,000 500 1,500 500
50,000 11,000 37,500 11,000
(4:1) 10,000 2,500 (3:1) 7,500 2,500
60,000 13,500 45,000 13,500
2 points 2 points
 200,000,000
50,000,000 2,500
120,000,000 4,000

qual annual installments, B Initial pay 37,500,000

GSP 75,000,000
of 100,000 to be assumed by 50%

yment and three equal annual D Down 937,500

GSP 18,750,000
unpaid mortgage of ₱1,800,000 5%

of the sale include a 20% GSP 18,750,000

al installments, starting in the Cost 6,250,000
0,000 which will be assumed by GI 12,500,000
he local government of

E Cash 120,000.00
Mortgage 1,800,000.00
GSP 1,920,000.00

F Down 48,000.00 Downpayment

Installment 192,000.00 Installment Y of S
Mortgage 2,600,000.00 Installment S to Y of
GSP 2,840,000.00 Excess
Cost
Mortgage 2,600,000.00
Cost 2,400,000.00
Excess 200,000.00
Y1
Down 48,000.00 Y2
Install 48,000.00 Y3
Excess 200,000.00 Y4
Initial paym 296,000.00
GSP 2,840,000.00
0.1042253521

GSP 2,840,000.00
CGT rate 0.06
CGT 170,400.00

GSP 2,840,000.00
Excess 200,000.00
Mortgage (2,600,000.00)
Contract pr 440,000.00
 500x25
1,000 x 20
Deductible
Downpayment 48,000.00 440,000.00 2,840,000.00
nstallment Y of S 48,000.00
nstallment S to Y of 144,000.00
200,000.00
2,400,000.00

296,000.00
 Numerator Denominator Installment CGT
170400 296,000.00 440,000.00 114,632.73
170400 48,000.00 440,000.00 18,589.09
170400 48,000.00 440,000.00 18,589.09
170400 48,000.00 440,000.00 18,589.09