Heirs of Domingo Simbajon, et al.

March 12, 2010 BIR RULING [DA-(DT-006) 041-10] Section 101 (A) (2); BIR Ruling Nos. 187-87, 228-88 & 196-90, DA-063-97, DA-618-04 & DA-384-08 Heirs of Domingo Simbajon, et al. c/o Virgilio A. Simbajon Bliss Site, San Isidro Calape, Bohol Gentlemen : This refers to your request for exemption from donor's tax on your donation of real property in favor of Barangay Sta. Cruz, Calape, Bohol. Documents show that on May 25, 2007, Virgilio A. Simbajon, Lolita A. Simbajon and Lydia S. Cempron executed an Extrajudicial Settlement with Simultaneous Donation of a Certain Parcel of Land transferring, in favor of the Barangay Sta. Cruz, Calape, Bohol, a parcel of land (Lot 95-B) covered by Tax Declaration No. 2003-10-002-00357 and situated in Sta. Cruz, Calape, Bohol consisting of 63 square meters, more or less. In reply, please be informed that since the donee is a political subdivision of the Government, the aforementioned donation of a parcel of land is exempt from the payment of donor's tax pursuant to Section 101 (A) (2) of the Tax Code of 1997, as amended. Moreover, the aforesaid Deed of Donation is not subject to the documentary stamp tax under Section 196 of the Tax Code of 1997, as amended, but only to the documentary stamp tax of PhP15.00 on certification under Section 188 of the same Code. DaHISE This ruling is being issued on the basis of the foregoing facts as represented. However, if upon investigation, it will be disclosed that the facts are different, then this ruling shall be considered as null and void. Very truly yours, (SGD.) MARISSA O. CABREROS OIC-Assistant Commissioner Legal Service