BIR Ruling No. 330-2022

REPUBLIC OF THEPHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No. CMp-330-2022

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that the Deed of Absolute Sale dated March 16,2021, entered into by and between:

Name of Sellers TIN Address Michael O. Lagmay married to Jocelyn D. Lagmay

-and-

UNIFIED PEOPLE HOMEOWNERS Naue of Homeowners Association ASSOCIATION,INC (HOA) TIN Brgy. Ula, Tugbok District Davao City 8000 Address

over the parcel of land described below, to wit:

Transfer Certificate of Title No Total Area (sq.m.) Transferred (sq.m.) Area of CMP (sq.m.) Location

being a Community Mortgage Progra.m (CMP), is not subject to capital gains tax pursuant to Section 32 (b of Republic Act (RA) No.7279,as amended by A No.10884.The transaction is, however, subject to documentay stamp tax under Section 196 of the National Internal Revenue Code Tax Code of 1997,as amended.

It is, however, understood that this Certificate of Tax Exemption (CTE) 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 Authorizing Registration (CAR) issued by this Bureau. In his regard, this Certificate shall be

Revenue Memorandum Order (RMO) No.15-2003. presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR. The CAR shall only be issued after the submission o the requirements provided under

The Bureau of Internal Revenue (EiR) 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 exeinption from capital gains tax or inc tax imposed under Sections 24 (D)(1) and/or 27 (D)(5) of the Tax Code of 199'7, as amendec.

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

Issued this day of JUN 2 9 202Z

K-I-JAC Commissioner of Internal Revenue CAESAR R.DULAY 05