June 21, 2010
BIR RULING [SH-(011) 049-10]
RA 7279; BIR Ruling No. 071-98; BIR Ruling No. DA-130-05;
BIR Ruling No. [SH-(006) 076-09]; BIR Ruling No. [SH-(111) 715-09];
BIR Ruling No. [SH-(041)-317-09]
National Housing Authority
Regional Office 9
3rd Flr. Unit 5 Nationwide Appliance Center Bldg.
Veterans Avenue, Zamboanga City
Attention: Doris A. Siao
Officer-in-Charge
Gentlemen :
This refers to your letter dated September 12, 2007 requesting for an exemption from payment of capital gains tax and documentary stamp tax on the sale of lots by the National Housing Authority (NHA) in favor of individual project beneficiaries pursuant to Republic Act 7279 otherwise known as the "Urban Development and Housing Act of 1992".
Documents submitted disclosed that the NHA, with Taxpayer Identification No. 000-916-384-000 is the registered owner of the parcels of land located at Sitio of Catumbal, Barangay of Cabaluay, City of Zamboanga covered by Transfer Certificate of Title (TCT) Nos. 170890; 170,900; 170,919 and 183,065; and that the lots under the aforementioned TCTs were sold by NHA to the following individuals:
1. Delia Grace N. Lao — TIN-120-030-074
2. Jessie M. Gentelizo — TIN-127-281-130
3. Ramon E. Duco —...
