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BIR selling seven condo units from Napoles' realty company

Published Feb 21, 2024 12:26 am

The Bureau of Internal Revenue (BIR) is now selling condominium units in Manila tied to the realty firm operated by the children of incarcerated businesswoman Janet Lim-Napoles.

In a notice of sale, the BIR said it will auction off six residential and one commercial condominium units owned by JCLN Global Properties Development Corp. for a minimum total price of P50.82 million.

The BIR stated that these condominium units, situated at The Dakota Residences in Malate, Manila, are “seized properties from the taxpayers due to non-payment of internal revenue taxes.”

To recall, the BIR filed a criminal complaint for tax evasion against JCLN Corp., along with its president, James Christopher L. Napoles, and treasurer, Jo Christine L. Napoles in September 2015.

The BIR is offering the largest unit, spanning 114.2 square meters, at a starting bid of P13.87 million.

Additionally, a 53.3 square meter unit is also available for purchase at a minimum price of P6.47 million.

Other condominium properties included in the auction are priced at P6.06 million for a 49.94 square meter unit, P6.05 million for a 49.86 square meter unit, P6.03 million for a 49.71 square meter unit, and P6.02 million for a 49.61 square meter unit.

The smallest of the seven properties is a 43.1 square meter commercial condominium, listed at a higher minimum bid price of P6.28 million.

“Pursuant to the provisions of Section 213 of the National Internal Revenue Code of 1997, as amended, this Bureau will sell at public auction for cash to the highest bidder at the National Training Center, Bureau of Internal Revenue, National Office, Agham Road, Diliman, Quezon City on February 21 and March 21, 2024 beginning at 9:00 AM of the said days,” the BIR said.

“The Bureau of Internal Revenue, thru its Bids and Awards Committee - Seized Properties, reserves the right to reject any or all bids received and to withdraw properties from the auction sale,” the agency added.

The BIR noted that the properties for sale are offered on an “as is where is" basis, and prices are subject to change without prior notice.

“Properties not sold on February 21 will be included on March 21, 2024 Public Auction,” the bureau concluded.

Related Tags

PDAF scam Bureau of Internal Revenue (BIR) Janet Lim-Napoles
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