Issuance of a Certification Authorizing the Transfer of Title to Real Property

March 16, 1988 BIR RULING NO. 100-88 21 (c) 000-00 100-88 S i r : This refers to your letter dated December 11, 1987 requesting for the issuance of a certification authorizing the transfer of title to real property relative to the sale of your riceland and that of your brother's widow and children in favor of the Land Bank of the Philippines pursuant to Executive Order No. 229. In reply, I have the honor to inform you that pursuant to Section 9 of Executive Order No. 229, the Government shall purchase all agricultural lands it deems productive and suitable to farmer cultivation voluntarily offered for sale to it at a valuation determined in accordance with Section 6 of the said Executive Order. "Such transactions shall be exempt from the payment of capital gains tax and other taxes and fees." Accordingly, you and your sister-in-law and her children are exempt from the payment of capital gains tax and documentary stamp tax on the sale of your riceland and that of your sister-in-law and her children. Moreover, this Office shall issue the certification authorizing the transfer of title to the purchaser thru the Revenue District Officer having jurisdiction over the place where the real property sold or disposed of is located. cdta Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner