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6 Cards in this Set
- Front
- Back
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Interest Income from Long-Term Deposit/ Investment (Requisites for EXEMPTION) |
1. Proper Form - Certificate of Deposit / Investment Certificate 2. Maturity and Holding Period - atleast 5 years 3. Issued by the Bank |
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Principal Residence (Basis for New Residence) Selling Price (Old) = Purchase Price (New) |
Basis (Old) |
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Principal Residence (Basis for New Residence) Selling Price (Old) < Purchase Price (New) |
Basis (Old) + [ PP(New) - SP(Old) ] |
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Principal Residence (Basis for New Residence) Selling Price (Old) > Purchase Price (New) |
Basis (Old) x [ PP(New) / SP(Old) ] |
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Situs of Dividend Income paid by a Domestic Corporation |
Within |
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Situs of Dividend Income paid by a Foreign Corporation |
GR: Without Exception: Partly Within & Without * If Phil. GI / Total GI for 3 yrs is 50% and up * within = Dividend income x Ratio * without = Remainder |
