BIR Ruling No. 469-2020

REPUBLICOFTHE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No.

CM469-202

CERTIFICATE OF TAXEXEMPTION

issued to

Name of Vendor TIN Address

OFELIA C.BADIANG 1295 G Araneta Ave., Sto. Domingo District I, Quezon City

BADIANG in favor of: This certifies that the Deed of Absolute Sale dated February 10, 2020 executed by OFELIA C.

ASSOCIATION, INC.(SEBHOA) SEA BREEZE HOMEOWNERS Name of Vendee TIN Sitio Kaimito, Miranda, Babak District, Island Garden City of Samal, Davao Del Norte Address

covering the following property:

Original Certificate of Title No. Area (sq.m.) 10,000 Transferred 10.000 Area Miranda, Babak District, Island Garden City of Samal, Davao Del Norte Location

which shall be used for resettlement area of informal settlers of Sitio Libudan, Purok 6, Brgy. Miranda. Babak, Island Garden City of Samal, under the Land Acquisition Project of Island Garden City of Samal

gains tax/creditable withholding tax pursuant to Section 20 (d) of Republic Act (RA) No. 7279, Otherwise known as the "Urban Development and Housing Act of 1992". The transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code, as amended, based on for the benefit of the members of Sea Breeze Homeowners Association, Inc., is not subject to capital

the actual consideration of the sale.

not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land It is, however, understood that this Certificate of Tax Exemption is never intended and shall

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 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 Revenue Memorandum Order (RMO) No. 15-2003.

Upon application for exemption, a lien on the title of the land shall be annotated by the Register

housing project pursuant to RA 7279. of Deeds having jurisdiction over the property, to the effect that the same is to be applied to socialized]

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 and

Issued this day of AUG 1 8 2020

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K-1-JAC Commissioner of Internal Revenue CAESAR R.DULAY 036406 O