BIR Ruling [DA-549-98]

December 4, 1998 BIR RULING [DA-549-98] Mr. Fernando L. Gaspar 9th Floor, Dona Salustiana Ty Tower Paseo de Roxas cor. Perea Sts. Makati City S i r : This refers to your letter, dated November 6, 1998 requesting on behalf of the late Sandra Z. Gaspar for an extension of thirty (30) days within which to file the estate tax return pursuant to Section 90(C) of the Tax Code of 1997. cdt It is represented that the late Sandra Z. Gaspar died on May 16, 1998, a resident of No. 44 Hercules St., Bel-Air, Makati City; that the decedent left an estate consisting largely of real properties; that on the basis of unofficial valuations, it is estimated that an amount of P1,000,000.00 is due in estate taxes; that you are constrained to make this request for the reason that the records and documents relating to the decedent's properties, as well as those pertaining to your conjugal estate were mostly kept and handled by the said decedent; and that you are burdened with extreme work pressure and has found difficulty in collating all the documents for the purpose of preparing the return. In reply, please be informed that in view of the aforestated justifiable reason your request for an extension of thirty (30) days within which to file the estate tax return up to December 16, 1998 only; is hereby granted pursuant to Section 90(C) of the Tax Code of 1997. It shall be understood, however, that the state shall be liable to the corresponding interest that have accrued thereon up to the time of filing of the return and payment of the estate tax due on December 16, 1998 on the transmission of the said estate to the heirs pursuant to Section 249 of the Tax Code of 1997. (BIR Ruling No. DA-159-96 dated May 7, 1996) Very truly yours, (SGD.) SIXTO S. ESQUIVIAS IV Deputy Commissioner (Legal & Enforcement Group)