BIR Ruling No. 365-2019

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No. 0365 -2019

CERTIFICATE OF TAX EXEMPTION issued to

Sps. Cirilo L.V. Balgan and. Annette F. Balgan Name of Seller TN 2 Congressional Ave., cor. Uranus St.. Project 8, Bahay Toro, Q.C Address

-and-

Name of Homeowners Association (HOA) Homeowners Association, Ine. Villa Dofia Juana TIN Senate Ave. cor. Palmera Spring 5. Brgy. 171, Bagumbong. Caloocan City Address

a parcel of land described below, to wit: This certifies that the Decd of Absolute Sale entered by the Seller and the HiOA dated April3, 2017 over

Transfer Certificate C-393372 C-402638 C-402639 C-393339 Of Title (sqm. 2.306 Area 877 905 905 Trausferred sq.m.) 2,3006 877 905 005 Area of CMP (sg..) 2.138 877 905 9 Algo Towers (Senate Subd.). Brgy. 171. Bagumbong Caloocan City Location

Total 4 93 4,993 4.825

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 same Code. being a Community Mortgage Program (CMP)'. is not subject to capital gains tax pursuant (o Section 32 (b) of

Certificate Authorizing Registration (CAR). The CAR shall only be issued after the submission of the 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 requirements provided under Revenue Memorandum Order (RMO) No. +5-2003. construed as giving authority to the concerned Register of Deeds taeffect transfer of the land title in the tame of It is. hiowever, understood that this Certificate of Tax Exemption is never intended and shall not be

of the property transferred under the CMP are qualified beneficiaries and therefore, the seller is entitted to exemption"from capital gains tax or income tax imposed under Sections 24 (D)(1) and/or 27 (D)(5) the National Internal Revenue Code'of 1997. as ainended. The Bureat of Internal Revenue (BIR) shall conduct verification and post-audit that the actual occupants

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

Issued this. day of .JUL0.3.2019 Ousa

Commissioner of Internal Revenue CAESAR R. DULAY

I Shall be proportionatety distributed to the association's qualified member-heneficiaries (See Anne&) 026551