BIR Ruling [DA-192-99]

March 29, 1999 BIR RULING [DA-192-99] Mrs. Rosario B. Moya 1030 V. Basil St. Daet, Camarines Norte M a d a m : This refers to your letter dated April 28, 1998 requesting the assistance of this Office relative to a certain parcel of land (Lot No. 2045-C) allegedly purchased from Mr. Santiago E. Ibasco by Messrs. Henry Moya and Apolinar Moya Jr. on June 24, 1987 and which according to you, "proper documentation such as transfer of ownership to the purchaser has not been processed up to the present due to some requirements needed by the Department of Agrarian Reform . . . and that the said land is to be forfeited by the BIR in lieu of Mr. Ibasco's liability which as you can see will be detrimental on our part". dctai It is noted that you have only repeated the same statement raised by Mr. Cesar V. Moya in his letter dated November 25, 1996 and which was already answered by then Regional Director Alberto Paggabao Jr. in his letter dated January 20, 1997. We have likewise informed Mr. Henry V. Moya in a letter dated July 7, 1997 that we cannot change the stand taken by Director Paggabao on the matter. In short, there is nothing more that we can do to help you since subject property was already absolutely forfeited and ownership thereof has been consolidated in the name of the State under TCT No. 37416 since August 1, 1997 . As such, statutory time limit of one (1) year available to Mr. Ibasco within which to redeem said property under Section 215 of the Tax Code of 1997 has long since expired and lapsed. In any case, you will be duly informed in the event that this Office decide to dispose of the said property in a private sale, upon prior approval of the Secretary of Finance, pursuant to Section 216 of the same Code. llcd Very truly yours, (SGD.) BEETHOVEN L. RUALO Commissioner of Internal Revenue