BIR Ruling No. 496-2019

REPUBLIC OF THE PHHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certifieate of Tax Exemption No. 0198-20tg

CERTIFICATE OF TAX EXEMPTION

issued to

Ida L. Yosuico married to Diosdado Marcelo Name of Seller TIN No. 3-7 Ma Victoria Road, Essel Park, San Fernando City, Pampanga Address

-and

Name of Homeowners Association (HOA) Coronado Ville Homeowners' Association Inc., Phase TIN Brgy. Camias, Magalang, Pampanga 201! Address

2018 over a parcel of land described below, to wit; This certifies that the Deed of Absolute Sale entered by the Seller and the HOA dated October 22. I

Certificate of Titte Transfer 51,778 (sq.n.) Area Transferred (sqm.) 51,132 Area of CMP (sq.m.) 51, 132 Bos. San Jose & Camias, Municipality ot Magalang, Province of Pampanga Location =

however, subject to documentary stamp tax under Section 196 of the sane Code. being a Cominunity Mortgage Program (CMP)', is not subject to capital gains tax pursuant to Section 32 (b) of Republic Act (RA) No. 7279 or the Urban Development and Housing Act of 1992. The transuction is. y. - --

construed as giving authority to the concerned Register of Deeds to effect transfer of the land titte in the name of the buyer without the necessary certificate of authority to register issued by this Bureau. In this regard, this Certificate shall be presented to the Revenue District Office (RDO) concerned in orater Ior the Tatter to issue the Certificate Authorizing Registration (CAR). The CAR shall only be issued after the submission of the requirements provided under Revenue Memorandum Order (RMO) No. 15-2003. It is, however, understood that this Certificate of Tax Exemption is never intended and shall not be

.the National Internal Revenue Code of 1997, as amended. occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the seller is entitled to exemption from capital gains tax or income tax iniposed under Sections 24.(D)( l) and/or 27 (D)(5) The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actal

However, if upon investigation, the BIR ascertains that the facts are different, then this Certificale shall be considered nult and void. This Certificate is being issued on the basis of the facts and document ts as represented and submitiel

Issued this day of SEP 0 6 2019

K- Commissioner of Internal Revenue CAESAR R. DULAY 028632

1 Shall be proportionately distrihuted to the association's ouatified nemher-beteficiaries (See Annex)