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March 11, 2010BIR RULING [SH-(002) 006-10]RA 7279; BIR Ruling No. 071-98National Housing AuthorityZamboanga Project Office3rd Fl. Nationwide Appliance Center Bldg.Veterans Ave., Zamboanga CityAttention: Ms. Doris A. SiaoOfficer-in-ChargeGentlemen :This refers to your letter dated January 29, 2008, as indorsed by the Regional Director, Revenue Region No. 15, Zamboanga City, requesting for an exemption from the payment of capital gains and documentary stamp taxes under the provisions of Republic Act (RA) No. 7279, otherwise known as the Urban Development and Housing Act of 1992 relative to the transfer by the National Housing Authority (NHA) with Tax Identification No. (TIN) 000-916-384-000, of its properties to the following beneficiaries:  NameTIN TCT No.Area     1.Sharon C. Ferrer916-685-145T-183,0101102.Roldan Q. Alabat922-763-588T-183,0181103.Jose Angelito Z. Almario949-574-132T-183,0231104.Ariel R. Martija206-093-580T-183,0371105.Angelyn F. Alegado927-065-749T-183,0441106.Isabel T. Apolinario949-574-124T-183,0451107.Dennis B. Estrada190-183-478T-183,0631108.Richard R. Torlao931-954-259T-183,0771109.Marilou A. Palmos102-657-419T-183,08511010.Halima S. Amilhamja144-917-493T-183,02211011.Paulino T. Cabrera, Jr.925-184-831T-183,02711012.Jonathan I. Iringan217-820-295T-183,061102per Sworn Statement of Ms. Doris A. Siao, OIC-NHA, Region IX and ARMM-B, the subject properties acquired by the beneficiaries are located at Catumbal, Cabaluay, Zamboanga City and shall be used for socialized housing, earmarked for the teachers, policeman and other...