BIR Ruling No. 304-2020

REPUBLICOFTHE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No.

CMP-0304-2020

CERTIFICATE OF TAX EXEMPTION

issued to

Name of Sellers TIN Address

LETECIA V.AGUILAR Eco Ave.Brgy.7,Mercedes, Camarines Norte 4601

-and-

Name of Homeowners Association HOA) TIN Address

HOMEONERS ASSOCIATION,INC. SITIO PENAFRANCIA Brgy.Hinipaan,Mercedes Camarines Norte 4601

January 23,2019,over the parcel of land described below, to wit; This certifies that the Deed of Absolute Sale entered by the Seller and the HOA,dated

Transfer CertificateTotal AreaTransferredArea of CMP of Title No. (sq.m.) (sq.m.) (sq.m.) Location

18,969 16,026 16,026 Camarines Norte 4601 Hinipaan, Mercedes

being a Community Mortgage Program (CMP),is not subject to capital gains tax pursuant to Section 32(b) of Republic Act (RA) No.7279,or the Urban Development and Housing Act of 1992.The transaction is,however,subject to documentary stamp tax under Section 196 of the 1997 Tax Codeas amended.

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 It is,however,understood that this Certificate of Tax Exemption is never intended and

issued by this Bureau. In this regard, this Certificate shall be presented to the Revenue District Office (RDO concermed 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 Revenue Memorandum Order (RMO) No.15-2003.

The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the

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 (D5 of the 1997 Tax Code, as amended.

This Certificate 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 S day ofJUN 8 202

1aesa

CAESARR DULAY Commissioner of Internal Revenue

K-1-JAC 035098