June 19, 2009
BIR RULING [SH-(053) 383-09]
19, 20 and 32 RA 7279; S-20-081-A-2000
National Housing Authority
Regional Office X
Julio Pacana St., Cagayan de Oro City
Attention: Ms. Judy A. Fernandez
OIC, Regional Manager
Gentlemen :
This refers to your letter dated November 10, 2008 requesting for a ruling that the sale of a property to the National Housing Authority (NHA) under its Local Housing Program (LHP) is exempt from the capital gains tax pursuant to Republic Act (RA) No. 7279 otherwise known as the Urban Development and Housing Act of 1992.
Documents submitted show that Mr. Emmanuel L. Esparagoza with Tax Identification No. (TIN) 132-912-937-000, is the registered owner of a parcel of land located at Brgy. Consuelo, Magsaysay, Misamis Oriental covered by Original Certificate of Title (OCT) No. E-6151 consisting of 20,000 sq.m.; that the NHA (TIN 000-916-384) in coordination with the Representative of each congressional district, is implementing the LHP to cover implementation of socialized housing projects in urban and urbanized areas in all Congressional Districts pursuant to Housing and Urban Development Coordinating Council (HUDCC) Resolution No. 001, Series of...
