BIR Ruling [DA-079-96]

February 21, 1996 BIR RULING [DA-079-96] Mrs. Ligaya N. Azada No. 112 11th Street Barangay Mariana Quezon City M a d a m : This refers to your letter dated May 24, 1995 requesting for an extension of one (1) year within which to pay the estate tax due from the intestate estate of Teodoro C. Azada. It is represented that your late husband died on November 30, 1994; that he inherited from his parents some properties located in the province; that since it was impossible for you to complete the inventory of the deceased properties and ascertain its value on or before May 30, 1995 (due date for filing the estate tax return), you requested on May 24, 1995, an extension of one (1) year within which to pay the estate tax due on the transmission to the heirs of the estate of the late Teodoro C. Azada. In reply, please be informed that in view of the aforestated justifiable reasons, your request for an extension of one (1) year from May 30, 1995 to May 30, 1996 within which to pay the estate tax due from the said estate is hereby granted pursuant to Section 84(b) of the Tax Code, as amended. cdtech It should be understood that the estate shall be liable to the corresponding interest that have accrued thereon up to the time of payment of the estate tax. Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue