Corporation 1 No holding period Capital gain 100 Taxable Capital loss 100

Corporation 1 no holding period capital gain 100

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Corporation: 1. No holding period: Capital gain – 100% Taxable Capital loss  – 100% Deductible 2. Capital loss deductible only to the extent of capital gain 3. No net capital loss carryover  Transactions deemed sale or exchange of capital asset covered by Gen. Rule (AITR  under Ca  compartment): 1. Worthlessness of security & debt investment SUMMARY OF TAXING ORDINARY AND CAPITAL ASSETS SALES TRANSACTIONS 
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2. Early retirement or redemption of debt investment 3. Liquidation of investment asset 4. Option gain or option loss to buy or sell property 5. Gain or loss from short sale of property Capital asset (Final Tax, Exception Rule):  Individual & Domestic Corporation only: 1. Sale, exchange or other disposition of real property (capital asset) located in the  Philippines (6% of GSP or FMV whichever is higher) All income taxpayers (Individuals and Corporations): 2. Sale, exchange or other disposition of stock investment (capital asset) in a  Domestic Corporation (within Philippines) outside PSE. (First P100,000 – 5%,  Excess – 10%, of net capital gain)
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