BCS/
Item:
Republic of the Philippines
Department of Finance Bureau of Internal Revenue
For BIR
Use Only
BIR Form No.
Capital Gains Tax Return
1706 (For Onerous Transfer of Real Property Classified as Capital Asset-both Taxable
and Exempt)
January 2018 (ENCS) Enter all required information in CAPITAL LETTERS using BLACK ink. Mark applicable boxes with an “X”.
Page 1 Two copies MUST be filed with the BIR and one held by the Taxpayer.
1706 01
1 Date of Transaction 2 Amended Return? 3 ATC WI 450-Individual
(MM/DD/YYYY) Yes No WC 450-Corporation
Part I – Background Information
5 RDO Code of Location of Property
6 Seller’s Name (Last Name, First Name, Middle Name Seller’s Registered Address
for Individuals OR Registered Name for Non-Individuals) (Attach additional (Indicate complete address. If branch, indicate the branch address. If the registered address is different
sheet/s, if necessary) from the current address, go to the RDO to update registered address by using BIR Form No. 1905)
6A
6B
6C
6D
6E
7 Buyer’s Name (Last Name, First Name, Middle Name Buyer’s Registered Address
for Individuals OR Registered Name for Non-Individuals) (Attach additional (Indicate complete address. If branch, indicate the branch address. If the registered address is different
sheet/s, if necessary) from the current address, go to the RDO to update registered address by using BIR Form No. 1905)
7A
7B
7C
7D
7E
8 Is the property being sold your principal residence? (For Individual sellers only) Yes No
9 Do you intend to construct or acquire a new principal residence within 18 months from the date of disposition/sale? (For Individuals) Yes No
10 Does the selling price cover more than one property? 11 Are you availing of tax relief under an International Tax Treaty or Special Law?
Yes No Yes No If yes, specify
Part II – Computation of Tax
12 Taxable Base (From Part IV, Schedule 4 Item 2)
13 Applicable Tax Rate
14 Tax Due (Item 12 Multiply by Item 13)
15 Less: Tax paid in previously filed return, if this is an amended return
16 Tax Payable/(Overpayment) (Item 14 Less Item 15)
17 Add: Penalties
17A Surcharge
17B Interest
17C Compromise
17D Total Penalties (Sum of Items 17A to 17C)
18 TOTAL AMOUNT PAYABLE/(Over remittance) (Sum of Item 16 and 17D)
In case of overpayment, apply for tax refund using BIR Form No. 1914 (Application for Tax Credits / Refunds)
I/We declare under the penalties of perjury that this return, and all its attachments, have been made in good faith, verified by me/us, and to the best of my/our knowledge and belief, is true and correct pursuan
National Internal Revenue Code, as amended, and the regulations issued under authority thereof. Further, I/we give my/our consent to the processing of my/our information as contemplated under the
*Data Privacy Act of 2012 (R.A. No. 10173) for legitimate and lawful purposes. (If Authorized Representative, attach Special Power of Attorney)
For Individual: For Non-Individual:
Signature over Printed Name of Taxpayer/Authorized Representative/Tax Agent Signature over Printed Name of President/Vice President/Authorized Officer or Represent
(Indicate title/designation and TIN) (Indicate title/designation and TIN)
Tax Agent Accreditation No. / Date of Issue Expiry Date
Attorney’s Roll No. (If applicable) (MM/DD/YYYY) (MM/DD/YYYY)
Part III – Details of Payment
Particulars Drawee Bank/ Bank Number Date (MM/DD/YYYY) Amount
Code/Agency
19 Cash/Bank Debit Memo
20 Check
21 Tax Debit Memo
22 Others (Specify below)
Machine Validation Stamp of Authorized Agent Bank and Date of
Teller’s Initial)
1706 01/18 ENCS P1
4 Number of Sheet/s
Attached
Seller’s Taxpayer Identification
Number (TIN)
Buyer’s Taxpayer Identification
Number (TIN)
iduals) Yes No
x Treaty or Special Law?
.
6 . 0 %
.
.
.
.
.
.
.
.
ge and belief, is true and correct pursuant to the provisions of the
ation as contemplated under the
sident/Authorized Officer or Representative/Tax Agent
signation and TIN)
Expiry Date
(MM/DD/YYYY)
Amount
.
.
.
.
orized Agent Bank and Date of Receipt (Bank
*NOTE: The BIR Data Privacy Policy is in the BIR website (www.bir.gov.ph)
BIR Form No.
Capital Gains Tax Return
1706 (For Onerous Transfer of Real Property Classified as Capital Asset-
January 2018 (ENCS) both Taxable and Exempt)
Page 2
1706 01/
TIN of Buyer Taxpayer’s/Buyer’s Name
Part IV – Schedules
Schedule 1 – Description of Transaction (Attach additional sheet/s if necessary)
OCT/TCT/CCT No. Tax Declaration No. (TD) Location
1
2
3
4
5
Schedule 1 – Description of Transaction (continuation)
Lot / Improvement Classification* Area (sq.m.) Fair Market Value (FMV) per FMV per BIR (Zonal Value)
TD (Column 1) (Column 2)
1
2
3
4
5
TOTAL (To Schedule 4 Item 1B)
Schedule 2 – Description of Transaction (Mark one box only)
For Installment Sale:
Cash Sale Installment Sale 1 Selling Price
Exempt Foreclosure Sale 2 Cost and Expenses
Others 3 Mortgage Assumed
4 Total Payments (Collection)
If Exempt, or others, specify
During the Initial Year
5 Amount of Periodic Payment
(Collection) (To Schedule 4 Item 1D)
6 No. of Installments in 7 Date of Installment
the contract (MM/DD/YYYY)
Schedule 3 – Computation of Taxable Base on the Unutilized Portion of Sales Proceeds from Sale of Principal Residence (if Part I Items 8 and 9 are applicable)
Steps in computation of Taxable Base as prescribed in Section 4
of Revenue Regulations No. 13-99
Determine the percentage (%) of non-utilization by applying the formula
Unutilized Portion of GSP = Percentage (%) of Non-Utilization
Gross Selling Price (GSP)
Multiply the % of non-utilization by the GSP or FMV, whichever is higher % X
% of non-utilization x GSP or FMV = Taxable Base (To Schedule 4, Item C)
Schedule 4 – Determination of Taxable Base
1 A Gross Selling Price / Bid Price For Foreclosure Sale
B Total FMV of Land and Improvement (From Schedule 1)
C On the Unutilized Portion of Sales Proceeds (From Schedule 3)
D Installment Collected (For Installment Sale Excluding Interest) (From Schedule 2 Item 5)
E Others (specify)
Taxable Base (For cash/foreclosure sale Item A or B whichever is higher; For unutilized portion of
2 sales proceeds of Family Home Item C; For installment sales Item D; or, For other transaction Item E, whichever is
applicable) (To Part II, Item 12)
sales proceeds of Family Home Item C; For installment sales Item D; or, For other transaction Item E, whichever is
applicable) (To Part II, Item 12)
1706 01/18ENCS P2
Fair Market Value
(whichever is higher between Columns
1 & 2)
.
.
.
.
I Items 8 and 9 are applicable)
= %
.
.
.
.
.
.
.
* RR-Residential Regular CR-Condominium Regular CL-Cemetery Lot GL-Government Lot A-Agricultural X-Institutional
RC-Residential Condominium CC-Commercial Condominium PS-Parking Slot GP-General Purpose I-Industrial APD-Area for Priority Development
