ATTY. PEACHES ARANAS
Are you planning to sell real property that has been previously subject to a loan mortgage? If you are, better read on. The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) No. 19-2018 dated March 19, 2018 to clarify the basis for the computation of Capital Gains Tax (CGT) and Documentary Stamp Taxes (DST) covering sale transactions of previously mortgaged real property.