Which of the following are subjected to Value Added Tax (VAT)?  A    Sale by a real estate dealer of residential lot with a selling price or P800,000. B    Sale by a real estate dealer of residential lot with a selling price of P3,500,000. C    Sale by a real estate dealer of commercial lot with a selling price of P2,800,000. D    Sale of residential lot classified as capital asset. E    Sale by a real estate dealer of residential house and lot with a selling price of P3,000,000 F    Sale by a real estate dealer of condominium unit with a selling price of P3,250,000 G    Sale by a real estate dealer of parking lot in a condominium unit with a selling price of P850,000. H    Sale of residential house and lot classified as capital asset with a selling price of P8,000,000.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following are subjected to Value Added Tax (VAT)? 

A    Sale by a real estate dealer of residential lot with a selling price or P800,000.

B    Sale by a real estate dealer of residential lot with a selling price of P3,500,000.

C    Sale by a real estate dealer of commercial lot with a selling price of P2,800,000.

D    Sale of residential lot classified as capital asset.

E    Sale by a real estate dealer of residential house and lot with a selling price of P3,000,000

F    Sale by a real estate dealer of condominium unit with a selling price of P3,250,000

G    Sale by a real estate dealer of parking lot in a condominium unit with a selling price of P850,000.

H    Sale of residential house and lot classified as capital asset with a selling price of P8,000,000.

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