BIR Ruling No. 074-10

September 15, 2010 BIR RULING NO. 074-10 Section 101 (A) (2); BIR Ruling No. DA-618-04 Mr. Ricardo R. Leron Brgy. Magdapio Pagsanjan, Laguna Sir : This refers to your request for exemption from payment of donor's tax on your donation of real property to the Barangay Magdapio, Pagsanjan, Laguna. SDHAcI As represented, you donated 162 square meters of a parcel of land, covered by Transfer Certificate of Title No. T-133755, and consisting of 1,058 square meters, to the Barangay Magdapio, a Local Government Barangay Unit in Pagsanjan, Laguna. 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. 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. TAacHE Very truly yours, (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue