Request to Allow the Use of Certificate Authorizing Registration for Transfer of a Lot

November 7, 1997 BIR RULING NO. 120-97 49 (a) (4) 000-00 120-97 Chemphil Albright & Wilson Corporation Chemphil Bldg., 831 Arnaiz Avenue Legaspi Village, 1229 Makati City Attention: Atty . Rolando P . Navarro VP-Legal Services Gentlemen : This refers to your letter dated September 30, 1996 stating that on August 20, 1991, Chemphil LMG, Inc. (CLI) and Polyphosphates, Inc. (PPI) executed a Deed of Sale whereby CLI (vendor), conveyed and transferred a parcel of land with an area of 392 sq.m. to PPI (vendee); that this property which is a portion of TCT No. PT-74451 is within the Chemphil compound in Pasig-Taguig; that thereafter, this Office issued Certificate Authorizing Registration CGE No. 203105 dated September 6, 1991; that however, when a survey was subsequently made, it was formed out that the 392 sq.m. lot encroached into certain permanent structures of CLI; that it was decided by the parties that CLI would replace the 392 sq.m. lot with another lot of the same size in the same compound but covered by TCT No. 20920; and that in effect, the only change is from TCT No. 74451 to TCT No. 20920 and the technical description. cdt Based on the foregoing representations and documents submitted, you are now requesting, in effect, for a ruling allowing the use of Certificate Authorizing Registration No. CGE 203105 for transfer of the 392 sq.m. lot covered by TCT No. 20920 instead of the 392 sq.m. parcel of land covered by TCT No. 74451. In reply, please be informed that your above request is hereby granted, provided, that Certificate Authorizing Registration No. CGE 203105 together with this ruling is submitted to the Revenue District Officer concerned for the necessary changes in TCT No. and its corresponding technical description in order that the contents thereof (CAR No. 203105) shall conform with the said Deed of Sale. Accordingly, this ruling shall serve as an authority for the Revenue District Officer concerned to make the necessary changes on Certificate Authorizing Registration CGE No. 203105 relative to the sale executed by and between Chemphil LMG, Inc. as vendor and Polyphosphates, Inc. as vendee on August 20, 1991 from TCT No. 74451 to TCT No. 20920 including the corresponding technical description. 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 null and void. cdti Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue