November 11, 2009
BIR RULING [SH-(107) 701-09]
20 RA 7279; S-20-057-2007 dtd. 7/2/07
Everest Homes Homeowners Association, Inc.
Santol St., Golden Acres Subd., Talon 5, Las Piñas City
Attention: Silvestre A. Varquez
President
Gentlemen :
This refers to your letter dated April 18, 2009 requesting in effect, for a ruling that the sale of a parcel of land by Arturo C. Munar, married to Guadalupe M. Munar to the Everest Homes Homeowners Association, Inc. is exempt from the payment of capital gains tax pursuant to Republic Act (RA) No. 7279, otherwise known as the "Urban Development and Housing Act of 1992". DHAcET
It is represented that Arturo C. Munar, married to Guadalupe M. Munar is the absolute and registered owner of a parcel of land situated at Santol St., Golden Acres Subd., Talon 5, Las Piñas City with a total area of Two Hundred Forty (240) square meters covered by Transfer Certificate of Title Number (TCT) S-26880 issued by the Registry of Deeds for the Province of Rizal; that Everest Homes Homeowners Association, Inc. is a non-stock, non-profit community association duly registered with the...
