BIR Ruling No. 343-2019

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No. 0343- 2019

CERTIFICATE OF TAX EXEMPTION

issued to

Rolando A. Kalinga Name of Seller TN Bayanan, Bacoor City. Cavite Address

-and-

Strike. Kalinga I Homeowners' Association Inc. Name of Homeowners Association (HOA) TN Molino-ri, Bacoor. Cavite +102 Address

20 I 6 over a parcel of land described below, to wit This certifies that the Deed of Absolute Sale entered bv the Seller and the HOA dated May 30.

being a Community 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 transaction is, however, subject to documentary stamp 'tax under Section 196 of the 1997 Tax Code. as amended. Certificate of Title Transfer (sq.. 34.991 Area Transferred sa.m.) 7,659 Area of CMP st.m.) 7.659 Municipality of Bacoor, Province of Cavite. Island of Luzon Location

conccrned in order for the latter to issue the Certificate Authorizing Registration (CAR). The CAR shali only be issued after the submission of the requirements provided under Revenue Memorandum Order (RMO) No. 15-2003. not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land title 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) It is, however, understood that this Certificate of Tax Exemption is never intended and shall

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 ia.p osed under Sections 24 (D)(1) and/or 27 (D(5) of the 1997 Tax Code, as amended. The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actuai

Certificate shall be considered null and void. submitted. However, if upon investigation, the BIR ascertains that the facts are different, then .this Issued this This Certificate is being issued on the basis of the facts and documents as represented and day of_JUN 0 4 2019, 20

AEO

K-}- Comnissioner of Internal Revenue CAESAR R. DULA 0260.39

: Shait be proportionately distributed to the association's qualified member-beneticiaries (See Annex)