BIR Ruling [UN-207-A-94]

July 12, 1994 BIR RULING [UN-207-A-94] TO : Whom it may concern ; This is to certify that according to the records of this Office, Mr. Harry C. Tan, in his capacity as Administrator of the estate of VIVIAN LIM TAN, who died a resident of 10 Roces Circle, Corinthian Garden, Quezon City on May 27, 1991 had already paid to the Republic of the Philippines the amounts of P284,192.79 and P159,128.05 under Confirmation Receipts Nos. B823642610 and B24558927 dated August 23, 1991 and March 4, 1992 respectively or a total amount of Four Hundred Forty Two Thousand Three Hundred Twenty Pesos and Eighty Four Centavos (442,320.84) in full settlement of the estate tax due on the transmission of the decedent's estate. This case, insofar as this Office is concerned, is considered closed, and this Office, therefore, interposes no objection to the transfer of real and personal properties owned by the decedent to her legal heirs. I. SCHEDULE OF REAL PROPERTIES; Location TCT No. Area Tax Dec. No. Description (sq. m.) Roces Circle RT-8593 1,336 B-126-01538 Residential Corinthian Garden, Quezon City -do- B-126-01538 Improvement II SCHEDULE OF PERSONAL PROPERTIES Shares of stocks 3,109 shares Philex Mining P7,927.95 Proceeds of Revocable Life Insurance Sunlife Assurance of Canada 541,822.15 Furniture, fixture, household appliances cash, personal effects, etc. 400,000.00 TOTAL P949,750.10 Accordingly, the heirs of the said estate are hereby discharged from personal liability for any deficiency in the transfer taxes thereafter found to be due pursuant to the provision of Section 85 of the Tax Code, as amended by P.D. No. 1994. cdt LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue