BIR Ruling No. 498-2019

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No. 0.4 98-2019

CERTIFICATE OF TAX EXEMPTION issued to

Susan S. Martinez-Leveriza m/t Emmanuel Leveriza Luisa S. Martinez-Marquez m/t Rotando S. Marquez Ma. Cristina S. Martinez-Santos m/t Wilfredo Santos Roberto S. Martinez .Purita S. Martinez Name of Seller TIN 232 Panghulo Road. Obando, Buiacan Address

-ad- Name of Homeowners Association (HOA) Catmon Ville CMP Homeowners' Association. Inc. TIN Dulong Hernandez St., Catmon. Malabon City 1470 Address

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 March 5. 2018

Transfer Certificate of Title 15.857.40 (sq.m. Area Transferred (sq.m. 8,943 Area of CMP (s.m. 8.943 Catmon, Malabon City Gov. Pascual Ave.. Location

being a Conimuniry Mortgage Program (CMP)1, is not subject to capital gains tax pursuant to Section 32 (b) ot subject to documentary stamp tax under Section 196 of the same Code. Republic Act (RA) No. 7279 or the Urban Development and Housing Act of 1992. The transaction is. however.

construed as giving authority to the concermed Register of Deeds to effect transfer of the land title in the name of the buyer without the necessary cerrificate of authority to register issued by this Bureau. In this regard. this Certificate Authorizing Registration (CAR). The CAR shall only be issued after the submission ot' the requirenments provided under Revenue Memorandun Order (RMO) No. 15-2003. Certificate shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the It is, however, understood that this Certificate of Tax Exemption is never intended and shall not be

Internal Revenue Code of 1997, as amended. 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 imposed under Sections 24 (D)(1) and'or 27 (D)(5) of the National The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual occupants

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

Issued this. day of SEP 0 6 20i3

: Shall he proportionately distributed to the association's qualified member-heneficiaries (See Annex) Commissioner of Internal Revenue CAESAR R. DULAY 028634