May 17, 2010
BIR RULING [DA-(I-004) 065-10]
Section 24 (D) (1), 188 & 196; BIR Ruling No. 339-88 & DA-368-08
Saguisag & Associates
4045 Bigasan St.
Palanan, Makati City
Attention: Atty. E.D. Salonga, Jr.
Gentlemen :
This refers to your letters dated September 24, 2009 and December 8, 2009 requesting for exemption from the payment of capital gains tax and other related internal revenue taxes and fees on the reinstatement of title over a real property in favor of your client, Zenaida G. Crisostomo. DaAETS
Documents show that the Regional Trial Court Branch 106, Quezon City, rendered a decision in the case of Zenaida G. Crisostomo vs. Bernardo Hernandez, Majech Trading Corp., the Registry of Deeds of Quezon City, and the Land Registration Authority, Civil Case No. Q-92-13706 (for declaration of nullity of deeds, cancellation/annulment of titles with damages) dated November 5, 2008, finding that a piece of real property owned by Zenaida G. Crisostomo, had been fraudulently transferred in favor of other persons and ordering the Register of Deeds of Quezon City that her title thereto, Transfer Certificate of Title No. 59398, be...
