BIR Ruling No. 511-12

August 3, 2012 BIR RULING NO. 511-12 Sections 20 and 32 of RA No. 7279; BIR Ruling No. 222-2012 Kaisampalad, Inc. Unit 204 Eagle Court Condo Matalino Street, Quezon City Attention: Eddie L. Quitoriano President Gentlemen : This refers to your letter dated April 27, 2012 requesting for the rectification of the beneficiaries cited in BIR Ruling No. 222-2012 dated March 29, 2012 which granted the exemption from payment of capital gains tax the transfer of title from the landowner/seller, KAISAMPALAD, INC. to KAISAMPALAD HOMEOWNERS ASSOCIATION, INC. of real property purchased pursuant to Republic Act No. 7279, otherwise known as the "Urban Development Housing Act of 1992". In addition to the thirty-four (34) qualified member-beneficiaries enumerated in the said BIR Ruling, the following shall occupy the subject transferred property, as approved by the Social Housing Finance Corporation (SHFC): Lot Allocation Name of Members Blk. Lot Home Share in Total No. No. Lot Road Lot Area Area & Open Space 1 Figueroa, Nestor D. 3 27 58.00 8.11 66.11 2 Marfil, Edmar O. 3 28 58.00 8.11 66.11 3 Amerila, Myrna 3 29 48.00 6.71 54.71 4 Tianzon, Janice C. 3 30 45.00 6.29 51.29 5 Sy, Julieta M. 3 31 51.00 7.13 58.13 6 Remulta, Luisa O. 3 32 21.00 2.94 23.94 7 Guinabo, Antonio Jr., O. 3 33 63.00 8.81 71.81 8 Guinabo, Gemma J. 3 34 26.00 3.64 29.64 9 Pritos, Grace G. 3 35 61.00 8.53 69.53 10 Marfil, Edgar O. 3 36 69.00 9.65 78.65 11 Ape, Esmael B. 3 37 60.00 8.39 68.39 12 Ape, Katherine O. 3 38 28.00 3.91 31.91 13 Baladhay, John Paul C. 4 1 43.00 6.01 49.01 14 Negre, Emecile E. 4 2 64.00 8.95 72.95 15 Espolong, Ruel Q. 4 3 50.00 6.99 56.99 16 Soralta, Evangiline B. 4 5 76.00 10.63 86.63 17 Chavez, Hazel V. 4 6 71.00 9.93 80.93 18 Bertan, Henry S. 4 7 36.00 3.64 29.64 19 Palomar, Reynaldo 4 8 25.00 3.50 28.50 TOTAL 943 131.85 1,074.85 ==== ==== ===== 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. CHaDIT Very truly yours, (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue