Request for Exemption from Donor's Tax of Donation of Parcel of Land to Ang Ligaya ng Panginoon Community

August 28, 1985 BIR RULING NO. 150-85 123-a-3 232-83 150-85 Gentlemen : This refers to your letter dated February 19, 1985 requesting exemption from the payment of donor's gift tax of the donation of a parcel of land covered by Transfer Certificate of Title No. T-61952 of the Registry of Deeds of Cavite, made by your client, Ms. Josefina H. Zamora in favor of the Ang Ligaya ng Panginoon Community, Inc. It appears that the donee is a religious corporation 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 aforementioned donation is exempt from the payment of donor's gift tax pursuant to Sec. 123(a)(3) of the Tax Code of 1977 as amended. However, the exemption from the donor's gift tax is subject to the condition that not more than 30% of the said gifts shall be used by the donee for administration purposes. cdtech Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner