ORDINARY ASSET vs.

CAPITAL ASSET

Asset ORDINARY ASSETS

Subject Real Property Stocks Other Property
Person Individual Corporation Individual Corporation Individual Corporation
Tax Type RT RT RT RT RT RT
Tax Rate 5% - 32% 30% 5% - 32% 30% 5% - 32% 30%
Gain ORDINARY GAIN
Loss ORDINARY LOSS
Holding Period - - - - - -
Carry over of Loss NOLCO

Asset CAPITAL ASSETS

Real Property Shares of Stock
Subject
Land/Bldg Other from Domestic Corp from Other Corp Other Property
Person Individual Corporation Individual Corporation Individual Corporation Individual Corporation
Tax Type FT FT RT FT FT RT RT RT RT
Tax Rate 6% 6% 30% 5% / 10% 5% / 10% 5% - 32% 30% 5% - 32% 30%
Gain - - CG NCG NCG CG CG CG CG
Loss - - CL - - CL CL CL CL
Holding Period - - - - - yes - yes -
Carry over of Loss - - NOLCO - - yes - yes -
Atty. Marissa O. Cabreros, CPA