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What is the Difference between a Capital Asset and Ordinary Asset?

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Published by BotLex

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January 21, 2024

BIR Iloilo Lawyer, BIR Tax reassessment, Bureau of Internal Revenue Philippines, Capitl Asset, Ordinary Asset, Tax Assessment Boracay Aklan Capiz Antique Iloilo Guimaras, Tax Lawyer Iloilo City, What is the difference between a capital asset and ordinary asset

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Which Properties are considered “Ordinary Asset” by the BIR?

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