Land Bank Bonds Cannot be Used in Payment of Estate Tax Liability
BIR Ruling No. 185-84 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 5, 1984
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December 5, 1984 BIR RULING NO. 185-84 56-c-244-81-185-84 M a d a m : In reply to your letter dated October 29, 1984, I have the honor to inform you that Land Bank bonds cannot be used in payment of your estate tax liability. Section 85 of Republic Act No. 3844 (Code of Agrarian Reform) as amended by Presidential Decree No. 251, enumerates the uses of said bonds and the payment of internal revenue taxes is not one of them. hcetdc Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner
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