Practice question
The relevant assessed value is PHP1million. Applying only93’s statutory contribution formula, what is the contribution?
- PHP2,500
- PHP250,000
- PHP1million
- PHP25,000
- PHP100,000
Legal references
- PD1529 Property Registration Decree: https://lawphil.net/statutes/presdecs/pd1978/pd_1529_1978.html Sections93–94, statutory contribution and investment framework; not an all-in registration-fee quotation.
Answer this question in flashcards to review your response and continue practicing.