June 4, 2010
BIR RULING [DA-(JV-018) 086-10]
22 (B); 274-92; DA 268-98
Atty. Alan B. Quintana
2nd Floor, Renaissance Tower
Meralco Avenue, Pasig City
Sir :
This refers to your letter dated July 13, 2008 stating that your client, Trinidad O. Go (GO) is the registered and legal owner of a parcel of land located at Barangay Gusa, Cagayan de Oro City with an aggregate area of 34,000 square meters covered by TCT No. T-81496 issued by the Registry of Deeds for Cagayan de Oro City; that GO wishes to cause the subdivision and development of the above-mentioned property into a first class residential subdivision; that G&P Builders, Inc. is a corporation organized and existing under the laws of the Philippines with office address at 106 Julio Pacana Street, Puntod Cagayan de Oro City; that it is habitually engaged in the construction business, and has competent engineering expertise in the civil works required in the development of the real estate projects; that on the other hand, Fil-Estate Properties, Inc. is a real estate developer having the facilities and technical know-how in the...
