BIR Ruling No. 006-2017

REPURIOFTEPIIHIPPINIS

BUREAU OF INTFRNAL REVENUF DEPARTMENT O HNANF Quezon City

: RA7279

l BIR Ruling No. 360-2013 BIR Ruling No. 351-2015

C-6-2017

City of Bogo, Cebu Gentlemen: Office of the City Treasurer Attention : Mr. Julio S. Ursonal. Jr. City Treasurer

This refers to your letler dated September 8, 2014, as indorsed to this office by the Regional Director of' Revenue Region No. 13. Cebu City requesting exemption from the capital gains tax (CGT) pursuant to the provisions of Republic Act (RA) No. 7279 or the -"Urban Devclopment and Housing Act of 1992". on the sale of a parcel of land by Rosario C.

indigent informal settlers who were victims of Super Typhoon Yolanda. Fernan, married to Pedro T. Garcia in favor of the City of Bogo for the benefit of the

Documents submitted show that Rosario C. Fernan, married to Pedro T. Garcia is the

by Transfer Certificate of Title (TCT) No. Registry of Deeds for the Province of Cebu. On October 6. 2014. Rosario Fernan Garcia registered owner of a parcel of land located at Barangay Marangog. Bogo City. Cehu covered (with an area of 22.017 sq. m.) of the

execuled a Deed of Absolute Sale over the said parcel of land in favor of the City

rescttlement site for Typhoon Yolanda victims. Based on the Certificate of Participation Government of Bogo for the amount of F for the purpose of establishing a

Typhoon Yolanda. Her valuabie participation pertains to her willingness and voluntary dated Junc 30, 201 4 issued by the City Mayor of Bogo, Rosario C. Fernan had participated tc thc Resettlement/Socialized Housing Program of Bogo City for the indigent victims of Super

agreement to sell at cheap price her piece of land intended as a relocation for the afore-stated beneficiaries.1 Per Resolution No. 103-2014, the City Council of Bogo authorized the acquisition of the aforesaid land for the purpose of establishing a resettlement site for the survivors of Typhoon Yolanda.

In reply. please be informed that pursuant to Sections 20 of RA No. 7279. pertineni portions of which statc that:

housing und further reduce the cost of housing units for the henefit of the Housing. "Sec. 20. To encourage greater private sector participation in sociulized Incentives for Private Sector Purticipating in Socialized

underprivileged und homeless. the following incentives shall be extended to the private sector: XXX XXX XXX

( Exemption from the payment of the following.

XXX XXX XXX

: qualified recipients are all Typhoon Yolanda survivors and are listed in the attached "Annex 1" hereof

006-217 1-2-2017

Page 2 of 7

2i Capital gains tax on raw lands used for the project:

XXX XXX XXX**

the owner of thc raw land is exempt from the payment of the CGT or the withholding tax under Revenue Regulations No. 2-98. as amended, on the convcyance of a parcel of land parcel of iand covered by TCT No. 58968 of the Registry of Deeds for the Province of Cebu. which shall be utilized for a sociatized housing project. Such being the case, the sale of the

Septemher 30, 2013) of Super Typhoon Yolanda is exempt from the CGT. (BIR Ruling No. 360-2013 dated which shall be utilized as resettiement for the indigent informal settlers who were survivors

of the Tax Code of 1997. as amended. based on the actuat consideration contracted to be paid However. the sale is subiect to the documentary stamp tax imposed under Section 196

for such realties.

be applied or are heing applied to a socialized housing project pursuant to RA 7279. (BIR Ruling No. 351-2015 dated October 8. 2015) the Register of Deeds having jurisdiction over the property, to the effect that the same are to Upon application for exemption, a lien on the title of the land shall be annotated by

regard, this ruling shall be presented to the Revenue District Office (RDO) concerned in documentary stamp tax. authority to the concerned Register of Deeds to effect transfer of the land in the name of the buyer without the necessary certificate of authority to register issued by this Bureau. In this Revenue Memorandum Order (RMO) No. 15-2003, including proof of payment of order for the latter to issue the CAR after the submission of the requircment provided under Please take note that this rufing is never intended and shall not be construed as giving

However, if upon investigation, it will be disclosed that the facts are different. then this ruling shall be considered null and void. This ruling is being issued on the basis of the foregoing facts as represented.

Very truly yours.

ACA

(bog o2 K- Commissioner of Internat Revenuc CAESAR R. DULAY 003004

:006-2017 1-7.2017 Annex 1 Page 3 of 7

of Bogo located at Brgy. Marangog. Bogo C'ity. Cebu: The following are qualified heneficiaries for the relocation site of the City Ciovernment

Names Address

2 3 L LIitO mUANA Lydia Muana BENTTO IROC Odlot. Bogo City Odtot, Bogo City Odtot. Bogo City

BACQUIT'A BALO Odtor. Bogo City 5 ROBE SARDIDO Odlot. Bogo City 6 EDWIN DAMAYO Siocon. Bogo City 1 RAMIE GELIG Siocon. Bogo City

b DiNIO uRSABIA Siocon. Bogo City 9. TEODULA SURBAN Siocon. Bogo City 10 BEnJAMEn DAMAYO Siocon. Bogo City I. SAMUEL YOCTE Siocon, Bogo City 12 ROMEO ATAON Siocon. Bogo City 1 3. EDGAR DELA CRUZ Siocon. Bogo City 14 CELSO REGALA Siocon. Bogo City I 5 GIOVANIE URSABIA Siocon. Bogo City

16. GINA URSABIA Siocon, Bogo City 1 LINO CADLA WON Siocon, Bogo City I 8. EVARESTOOLAMOT JR Siocon. Bogo City

19 GEMMA ESCOLAR Siocon. Bogo City 20 ARLENE RIVERO Siocon, Bogo City 2 CARITTO RIVERO Siocon, Bogo City 22 CARIANA RIVERO Siocon. Bogo City

23 IRENE RIVIERO Siocon, Bogo City

24 MArILoU nAILON Siocon. Bogo City

25 PASENCIA RIVERO Siocon, Bogo City

26 MEritA NAILON Siocon, Bogo City

2 REBECCA REGALA Siocon, Bogo City

28 AMELITA CADLA WON Siocon, Bogo City

N

:73 17 1-X.-2017

Annex 1 Page 4 of 7

29 MARELINE NAILON Siocon, Bogo City 30 JUVENCIO CADLAWON Marangog. Bogo City 3 JUNREY CADLA WON Marangog. Bogo City 32 ROGELIO MADAWE Marangog. Bogo City 33. RANIEL MANDAWE Marangog. Bogo City

34 ROMULO MANDA WE Marangog. Bogo City 35 CRESENCIANO DAMOS JR Marangog. Bogo City 36 JOSE RUPAL Marangog. Bogo City 3 RICKY EDISA Marangog. Bogo City

38. RANIE RIVERO Marangog. Bogo City 39 JASON OCHEA Marangog. Bogo City 40 BUEN OCHEA Marangog. Bogo City 4 BENJAMEN MANDAWE Marangog. Bogo City 42 CRISTITO MANDA WE Marangog. Bogo City

43 REY MANDAWE Marangog. Bogo City 44 RAMIl MAnDAWE Nailon. Bogo City

45. NELSON MANDA WE Nailon. Bogo City

46 FLORA OLING Nailon. Bogo City

47 RENAN MANDA WE Nailon. Bogo City

48 TINGGOY GELIG Nailon. Bogo City

49 ELSA DELA ZERNA Nailon. Bogo City

50 ABElINA V. MANdAWE Nailon. Bogo City

S LITA SANDIEGO Nailon, Bogo City

52 LEOMEDES GELIG Nailon, Bogo City

53 JOCELYN JUSAY Nailon. Bogo City

54 FABIAN SERDONCILLO Nailon. Bogo City

55 SAMSON OLINARES Nailon. Bogo City

56. JOY OLINARES Nailon. Bogo City

5 JEFFERY UMUIAK Nailon, Bogo City

58 CIEARME MICARSOS Nailon. Bogo City

59 WENEFREDO SARSALEJO Nailon, Bogo City

106-217 1-2-2017

Annex 1 Page 5 of 7

60 GEMMA GUEVARRA Nailon. Bogo City

1 LUCANA MANDAWE Nailon, Bogo City

62. MARICEL CATARIG Nailon. Bogo City

63 CHARItO DELA RAMA Nailon. Bogo City

64 SAMSON BOLAMBAO Nailon, Bogo City

65 MAINERVA ODIAZ Nailon, Bogo City

66 LUCITA OCHEA Nailon, Bogo City

1 FLORA OCHEA Nailon, Bogo City

68 ARTURO DELA CRUZ Nailon, Bogo City

1 CLEARME MICARSOS Nailon. Bogo City

TO WENEFREDO SARSALEJO Nailon, Bogo City

I . BEATRIZ FERNAN Nailon, Bogo City

12 MARY JANE DAMAYO Nailon, Bogo City

13. LOLITA BOLAMBAO Nailon, Bogo City

14 LUZVIMINDA OCHEA Nailon, Bogo City

IS REGEN LEPON Nailon, Bogo City

16. LILIa AndO Nailon. Bogo City

T SYDNEY FERNAN Nailon. Bogo City

78 ABRAHAM DEJITO Nailon, Bogo City

1 GINA RUIZ Nailon. Bogo City

80 ARIEL SALVACION Nailon. Bogo City

81 TESSIE ABAO Nailon. Bogo City

82 RITA LEPON Nailon, Bogo City

83 AILEEN LEPON Nailon, Bogo City

8 JESSICA CODERA Nailon. Bogo City

8S DANILO0 NAILON Nailon, Bogo City

86. CLEOFE GELIG Nailon. Bogo City

87 GEREN ABAO Nailon, Bogo City

88 RITA ANTGUA Nailon. Bogo City

89 ROLLY TORING Nailon, Bogo City

90. MELDA TORING Nailon, Bogo City

0-X17 -2-C7

Annex 1 Page 6 of 7

91 HYdIA ApUYA Nailon. Bogo City

92 Era nAiton Nailon. Bogo City

93 NICO GELIG Nailon. Bogo City

94 ESTER REGALA Nailon. Bogo City

95 MARiYn LEQUIN Nailon. Bogo City 96. MARLOU LEQUIN Nailon. Bogo City

97 AILEEN LEQUIN Nailon. Bogo City

98. JonALyn ZAMBO Nailon. Bogo City

99 NITO ABALLE Nailon. Bogo City Ioo. POR-OK OYAO Nailon. Bogo City

101 BERMOTH ABALIE Nailon. Bogo City 102 NORA NAILON Nailon. Bogo City

103 ERVIN BOLAMBAO Nailon. Bogo City 104 BONDOY ANDO Nailon. Bogo City 105. TELESPORO MASONG Nailon. Bogo City 106. JULIETO MONTANO Nailon. Bogo City 10 LEDEING DILA W Nailon, Bogo City

108. VENUS OLIAMOT Nailon. Bogo City

109 JENEGFER AMOREN Nailon. Bogo City

110 IRENE PELAYO Nailon. Bogo City I LOURDES PELAYO Nailon. Bogo City

I 2 BELEN PELAYO Nailon. Bogo City I1 3. LoLyn DELA CRuZ Nailon. Bogo City I1 4. LEONISA DAMAYO Nailon. Bogo City

II s. JUDERIA MAURILLO Nailon. Bogo City

I I 6. LITO BALUNAN Nailon. Bogo City I1T RONILO BALUNAN Nailon. Bogo City

II 8. JOYN DILAW Nailon. Bogo City

I LARRY BARRO Nailon. Bogo City

1 20. DENNIS ABALLE Nailon. Bogo City

121 LIZA ABALLE Nailon. Bogo City

N

1.0X6-217 1-20-2017

Annex 1 Page 7 of 7

1 22 BOB aBaLle Nailon. Bogo City

1 23. JuditH uMPAD Nailon, Bogo City

124 MIroY uMPad Nailon, Bogo City

1 25. PAQUITA OLIAMOT Nailon. Bogo City

1 26 MARLON uRAL Nailon, Bogo City

1 Lando BALunAn Nailon. Bogo City

128. MELvIn urSAL Nailon. Bogo City

1 29 TEMBO LEQUIN Naiton, Bogo City

130. SIM PIAMONTE Naiion, Bogo City

131. NILO OCHEA Nailon. Bogo City

132 JIMMY JALANG Nailon, Bogo City

133 ANDRESA ALEXANDER Nailon. Bogo City

134. CAROLINA DELA CRUZ Nailon. Bogo City

(3s NELLIE DELA CRUZ Nailon. Bogo City