March 5, 2009
BIR RULING [SH-(018) 186-09]
RA 7279; DA-067-03
Filinvest Land Incorporated
173 P. Gomez Street
San Juan, Metro Manila
Attention: Atty. Andrew James Gerard D. Ruiz
Tax Counsel
Gentlemen :
This refers to your letter dated March 22, 2007 requesting confirmation of various tax consequences arising from the sale of socialized housing units (lots and houses and lots) by Filinvest Land, Inc.
It is represented that Filinvest Land, Inc. ("FLI" for brevity) is a corporation organized and existing under the laws of the Republic of the Philippines; that it is engaged in the business of acquiring, developing and selling real estate, including residential subdivisions, and socialized housing projects and units; that it owns the following real property, developed into socialized housing project and duly registered with the Housing and Land Use Regulatory Board (HLURB), specifically under Section 21 of "The Rules and Standards for Economic and Socialized Housing Projects to Implement Batas Pambansa 220":
Sunrise Place Subdivision
Location : Barangay Trece Cruces, Tanza, Cavite
HLURB Registration Number : 16070-R4A-07-02, February 28, 2007
Date of Registration
License to Sell Registration : 16888-R4A-07-02, February 28, 2007
number, date of Issuance
Pcs-04-023349...
