BIR Ruling No. 899-2018

BUREAU OFINTERNALREVENUE REPUBLIC'OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No.

899-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

and between: This certifies that the Deed of Absolute Sale dated November 12, 2015, entered into by

Sellers/Landowners Name of TIN Address

Carmelita Francisco Pedro Francisco 202 Bernachea Compound, Sta.Quiteria. 202 Bernachea Compound, Sta. Quiteria Caloocan City Caloocan City

-and-

La Mesa Ville 6 Homeowners Name of Homeowners Association (HOA) Association, Inc. TIN La Mesa St., Brgy.Ugong,Valenzuela Address City

over two (2) parcels of land described below, to wit;

Certificate of Title (TCT) No. Transfer (sq. m.) Area Transferred (sq. m.) (sq. m.) Area of CMP Location

5 00 500 500 50 500 500 La Mesa St., Brgy. Ugong. La Mesa St.,Brgy.Ugong Valenzuela City Valenzuela City

being a Community Mortgage Program (CMP)', is not subject to capital gains tax and value- added tax (VAT) pursuant to Section 32 (b) of Republic Act (RA) No. 7279 and Section 109 1)(P) of the National Internal Revenue Code of 1997, as amended. However, the transaction is subject to documentary stamp tax (DST) under Section 196 of the same Code.

Office (RDO) concerned in order for the latter to issue the Certificate Authorizing Registration (CAR).The CAR shall only be issued after the submission of the requirements provided under shall 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 Revenue Memorandum Order (RMO) No. 15-2003. It is, however, understood that this Certificate of Tax Exemption is never intended and

actual occupants of the property transferred under the CMP are qualified beneficiaries and The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the

Shall be proportionately distributed to the association's qualified member-beneficiaries

LA MESA VILLE 6 HOMEOWNERSASSOCIATION,INC

therefore, the seller is entitled to exemption from capital gains taxor income tax imposed under Sections 24 (D)(1) and/or 27(D)(5) the National Internal Revenue Code of 1997, as amended. and submitted. 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

Issued this day of MAY 2 1 2018

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Commissioner of Internal Revenue CAESAR R. DULAY

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