January 22, 2010
BIR RULING [DA-(DT-001) 010-10]
Section 101 (A) (2); BIR Ruling No. DA-600-06
City Legal Office
City of Marikina
Sta. Elena, Marikina City
Attention: Nancy Villanueva Teylan
City Attorney
Gentlemen :
This refers to your letter dated January 7, 2010 requesting the exemption of a donation of real property in favor of the City Government of Marikina from donor's tax and documentary stamp tax.
Documents submitted show that Spouses Evangeline and Antonio Rafael, both residents of Marikina City, executed a Deed of Donation in favor of the City Government of Marikina, a public corporation represented by its Mayor, Hon. Ma. Lourdes C. Fernando, transferring a certain real property with improvements thereon, with an area of 146 square meters, covered by Transfer Certificate of Title No. T 317187, and located at #51 Guatemala Street, Loyola Grand Villas, Malanday, Marikina City.
In reply, please be informed that since the donee, City Government of Marikina, is a political subdivision of the Government, the aforementioned donation of real property is exempt from the payment of donor's tax pursuant to Section 101 (A) (2) of the Tax Code...
