BIR Ruling No. 262-2017

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Certificate of Tax Exemption No.

262-2017

CERTIFICATE OF TAX EXEMPTION

issued to

Name of Seller TIN Address

Kanejin Corporation

Mayon Sunrise Homeowners Name of Homeowners Association (HOA Association, Inc. -and TIN Address

This certifies that the Deed of Absolute Sale entered by the Seller and the HOA dated December 7,2015 over a parcel of land described below, to wit

Transfer Certificate of Title Area(sq.m.) 8,767 Transferred (sq.m.) 8,266 Area of CMP (sq.m.) 8,266 Brgy. Payatas, Quezon City Location

being a Community Mortgage Program (CMP)', is not subject to income tax/capital

transaction is, however, subject to documentary stamp tax under Section 196 of the RA No. 7279 and Section 109 (1) (P) of the Tax Code of 1997, as amended. The same Code. gains tax/expanded withholding tax and value-added tax pursuant to Section 32 (b) of

It is. however. understood that this CTE is never intended and shall not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land titles in the name of the buyer without the necessary certificate of authority to register issued by this Bureau. In this regard, this CTE shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the

submission of the requirements provided under RMO No. 15-2003. Certificate Authorizing Registration (CAR). The CAR shall only be issued after the

The Bureau of Internal Revenue shall conduct verification and post-audit that the actual occupants of the property transferred under the CMP'are qualified beneficiaries and therefore, the sellers are entitled to exemption from capital gains tax or income tax imposed under Secs. 24 (D)(1) and/or 27 (D)(5) the Tax Code of 1997] as amended.

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

Issued this day of MAYZS

C

K-1-JRC Commissioner of Internal Revenue CAESAR R.DULAY 006771