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All ▸ Bar 2024 ▸ COMMERCIAL AND TAXATION LAWS ▸ XIII. TAXATION LAW (R.A. No. 8424, as amended by R.A. No. 10963, R.A. No. 11534) ▸ M. Real Property Taxation (R.A. No. 7160, Book II, Title II) ▸ 2. Exemption from Real Property Tax - Section 234

Question

Real Property Taxation: Exemption from Real Property Tax

A company, ABC Corporation, owns a large office building in Metro Manila. The building is used as the company's headquarters and is primarily used for administrative and operational purposes. Recently, the local government assesses the building for real property tax. ABC Corporation believes that they are entitled to an exemption from real property tax based on Section 234 of R.A. No. 7160, Book II, Title II.

Discuss whether ABC Corporation is eligible for exemption from real property tax under Section 234. Cite the relevant provisions of the law and any applicable jurisprudence to support your answer.



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Bar Review Question: Real Property Taxation: Exemption from Real Property Tax A company, ABC Corporation, owns a large