BIR Ruling No. 629-2018

REPUBLIC OF THE PHILIPPINES

E BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No.

629-2018

CERTIFICATE OF TAX EXEMPTION

issued to

Name of SellerVendor TIN Address

ANDRES J. CALIZO I Bangoy Compound, J. Saavedra St.. TorilDavao City

-and

Name of Homeowners Association (HOA) TIN Address

HOMEOWNERS ASSOCIATION INC SR.STO.NINO SETTLERS Brgy.Marapangi, Toril, Davao City

This certifies that the undated Deed of Absolute Sale entered by the Seller and the HOA, over a parcels of land described below, to wit.

Transfer Certificate of Title (sq.m. 85,321 Area Transferred (sq.m.) 41.707 CMP (sq.m.) Area of 41.707 Brgy.MarapangiToril,Davao City Location

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 to Section 32 (b) of Republic Act (RA) No. 7279, or the Urban Development and Housing Act of 1992. The

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

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

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

Issued this day of APR 1 1 2018

Maoy

K-I-JAC Commissioner of Internal Revenue CAESAR R. DULAY 015608

Shall be proportionately distributed to the I3ed neficiaries(See Annex)