Request that the Heirs of the Late Vicente Regiz be Exempt from Estate Tax on a Parcel of Land

October 23, 1995 BIR RULING NO. 163-95 77 000-00 163-95 Ms. Luz J. Regiz 1234-C M. Hizon Sta. Cruz, Manila M a d a m : This refers to your letter dated April 24, 1995 stating that your father, Vicente Regiz was the registered owner of a parcel of land situated at Pimpila, Pamplona, Cagayan covered by Original Certificate of Title No. P-12469 (s); that the said land was the subject of Operational Land Transfer on October 21, 1972; and that after the said transfer, your father died on November 26, 1978. Based on the foregoing, you now request that the heirs of the late Vicente Regiz be exempt from estate tax on the said parcel of land. In reply, please be informed that your request is hereby granted as estate tax cannot be imposed on the property of a person, the ownership of which belongs already to another at the time of his death. aisadc Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue