BIR Ruling No. 357-2022

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT:OF FINANCE

Certificate of Tax Exemption No. CMPF 3"5 7 - AUG B 4 2022 Z"02Z

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

and between: This certifies that the Deed of Absolute Sale dated June 15, 2022, entered into by

Name of Seller TIN Address

CALIXTA A. AGUIRRE

-and-:

Name of Homeowners Association (HOA) TIN Address

SAMAHANG MAGKAKAPITBAHAY ASSOCIATION, INC. (CUBAO, Q.C.) NG 10th AVENUE HOMEOWNERS No. 5, 10th Avenue, Cubao, Quezon City

over the parcel of land described below, to wit:

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

being a Community Mortgage Program (CMP), is not subject to capital gains tax pursuant to Section 32 (b) of Republic Act (RA) No.7279, as amended by RA No. 10884. The transaction is, however, subject to documentary stamp tax under Section 196 of the National Interna! Revenue Code (Tax Code) of 1997, as amended.

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

actual 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 imposed under Sections 24 (D)(1) and/or 27 (D)(5) of the Tax Code of i997, as amended. The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the

Samahang Magkakapitbahay ng 10* Avenue HOA, Inc./Calixta A. Aguirre Page 2 of 2 CTENo. CMP_3 57 - 2 0 2 2 Date Issued_AUG 1 4 2022

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

Issued this day of

K-1 Commissioner of Internal Revenue LILIA CATRIS GULLERMO 000273