BIR Ruling No. 372-2019

BUREAU OF INT'ERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No. D372 -2019

CERTIFICATE OF TAX EXEMPTION

issued

ISABELA CULTURAL CORPORATION Name of Seller TIN -and- } 132 B. Gonzales St., Varsity Hills, Loyola Heights, Quezon City 1108 Address

ST.ANTHONY VILLE (DOMSA) PHASE t HOMEOWNERS Nane of Homcowners ASSOCIAtION, INC. Associatiou (HOA) TIN Don. Mariano Santos Ave., Brgy. San Isidro, Angono, Rizal 1930 Address

21, 2018, over the parcei of land described below, to wit: This certifies that the Deed of Absolute Sale entered by the Seller and the HOA. dated February

[Transfer CertificateTotal Area [Transferred]Area of CMP of Title No. (sq.m.) 4, 56 (s.in.) 4,434 (sq.m.) 4.434 Brgy. San Isidro. Angono. Rizal Location

being a Community Mortgage Program (CMP), is not subject to capital gains tax pursuant to Section 32 (6) of Republic Act (RA) No."7279. or the Urban Development and Housing Act of (992. The transaction is. however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code. as aneuded.

not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land concerned in order for the latter to issue the Certificate Authorizing Registration (CAR). The CAR shall onty be issued after the submission of the requirenents provided under Revenue Memorandum Order (RMO) No. 15-2003. 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) It is, however. understood that this Certificate of Tax Exemption is never intended and shall

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

submitted. However, if upon investigation, the BIR ascertains that the facts are different, then this Certificate shalt 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 JUL 0 3 20{9

h-l-0 Commissioner of Internal Revenue CAESAR R. DULA ( 026095