BIR Ruling No. 463-2019

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No.

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CERTIFICATE OF TAX EXEMPTON

issued

Name of Sellers T Address

LORENZO T. CUA JUANITO T. CUA CUALAY PANG STEVEN T. CUA CUA CHI LAM -and 64 Ma. Ciara St., Brgy. Lourdes, Quezon City 1114

Name of Homeowners Association (HOA) TN Address

GREENVILLE HOMEOWNERS ASSOCIATION, INC. PHASE II Bagumbong, Brgy. 171, Caloocan City 1400

16, 20 18, over the parceis of land described below, to wit; This certifies that the Deed of Absolute Sale entered by the Seliers and the HOA, dated October

Transfer Certificate Total Area of Title No. (sq.m.) 10,066 956 TransferredArea of CMP (sq.m.) 9,951 (sq.m.) 9,951 Bagumbong, Caloocan City 1400 Location

being a Community Mortgage Program (CMP), is not subject to capital gains tax pursuant to Section

transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code, 32 (b) of Republic Act (RA) No. 7279, or the Urban Development and Housing Act of 1992. The

as amended.

not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land Bureau. In this regard, this Certificate shail be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the Certificate Authorizing Registration (CAR). The CAR shall (RMO) No. 15-2003 title in the name of the buyer without the necessary certificate of authority to register issued by this only be issued after the submission of the requirements provided under Revenue Memorandum Order It is, however, understood that this Certificate of Tax Exemption is never intended and shalt

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 (D)(5) of the 1997 Tax Code, as amended. The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual

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. day of AUG 3 0_2019H

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Commissioner of Internal Revenue CAESAR R. DULAY

K-1-JAC 028079