BIR Ruling No. 143-83

August 5, 1983 BIR RULING NO. 143-83 S i r : This refers to your letter dated July 29, 1983 requesting exemption from the payment of donor's tax of your proposed donation of a parcel of land together with the building thereon located in Quezon City and covered by Transfer Certificate of Title No. 153197 in favor of the Roman Catholic Archbishop of Manila. It appears that the donee is a religious corporation sole duly organized and existing under the laws of the Philippines. In reply, I have the honor to inform you that since the donee is a religious corporation, the aforesaid proposed donation is exempt from the payment of donor's gift tax pursuant to Section 123(a)(3) of the Tax Code, as amended. However, the exemption from the donor's gift tax is subject to the condition that not more than 30% of said gifts shall be used by the donee for administration purposes. aisadc Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner Bureau of Internal Revenue