BIR Ruling No. 72-2018

REPUBLICOF THE PHILIPPINES

DEPARTMENT OF FINANCE

BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No 072-2018

CERTIFICATE OF TAX EXEMPTION

issued to

CORNELIO P.PELAEZ Name of Seller TIN 141 M.H. Del Pilar St., Sto. Tomas, Pasig City Address

-and-

Nagkakaisang Tinig Homeowners Name of Homeowners Association (HOA AssociationInc TIN Purok 12,Unit 3-B.Baybay Sapa, Brgy Mayamot, Antipolo CityRizal 1870 Address

This certifies that the Deed of Absolute Sale entered by the Seller and the HOA dated November

12, 2015, over a parcel of land described below, to wit:

Transfer Certificate of Title. (sq.m.) 7,130 Area Transferred (sq.m.) 5,833 CMP(sq.m. Area of 5,833 Bario of CupangAntipolo CityRizal Location

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 Developmcnt and Housing Act of 1992.The

transaction is. however, subject to documentary stamp tax under Section 196 of the same Code.

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

RMONo.15-2003.

The Bureau of Internal Revenue (BIR)shall conduct verification and post-audit that the actual

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 (D1) and/or

27D5the National Internal Revenue Code of 1997,as amended

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 JAN 25.2018

1oeaan

CAESAR R.DULAY

K-I-JAC Commissioner of Internal Revenue 012799