BIR Ruling No. 371-2019

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF PINANCE BUREAU OF INTERNAL REVENUE I Quezon City

Certificate of Tax Exemption No. 0371-2019

CERTIFICATE OF TAX EXEMPTION

issued to

Name of Setlers TIN Address ABELARDO C. MIRANDA LUZ L. MIrandA Miranda Resthouse, Maimpis, San Fernando City, Paupauga 2000

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Name of Homeowners Association (HOA) TIN Address

HOMEOWNERS ASSOCIATION, MAGKAKAPITBAHAY NG MIRANDA COMPOUND Inc. PHASE III PINAG-ISANG C Miranda Compound Phase HI. Maimpis, San Fernando City. Pampanga 2000

19, 201 8, over the parcel of land described below, to wit; This certifies that the Deed of Absolute Sale entered by the Sellers and the HOA dated October

Certificate of Title Transfer Total Area (s.m.) 15.973 Trausferred (s.m.) 15.973 Area of CM (sq.m.) 15,973 Maimpis. San Fernandfo City Pampanga 2000 Location

being a Community Mortgaige Program (CMP). is not subject to capital gains tax pursuant to Section transactiou is. however, subject to documentary stamp tax under Section 196 ot ihe 1997 Tax ('odle. as amended. 32{b} ol Repub{ic Act (RA) No. 7279, or the Urban Development and Housing Act of 1992. The

title in the name of the buyer without the necessary certificate of authority to register issued by this Bureau. In this regard. this Certificate shail be presented to the Revenue District Oftice (RDo) concerned in order for the latter to issue the Certificate Authorizing Registration (CAR). The CAR shall {RMO} No. 15-20(3 not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land only be issued after the submission of the requirements provided umder Revenue Memorandum Orater It is, however, understood that this Certificate of Tax Exemption is never intended and shal

occupants of the property transferred under the CMP are qualified beneficiaries and therefore. the sellert is entited to exemption from capital gains tax or income tax inposed under Sections 24 () +) andior 27 (D)(5) of the 1997 Tax Code, as amended. The Bureau of Jnternal Revenue (BiR) shall conduct verification and post-audit that the actual

Certificate shall be considered null and void. Suhmitted. This Certifieate is beiog issued'on ihe basis of the facts ant cocuments as represented and .Ilowever, if upon investigation,-the BiR ascertains that the faets are different. then this

Issued this. day ot JUL 0 3 2019

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Conmissioner of Internal Revenue . CAESAR R. DUL