BIR Ruling No. 614-2017

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Certificate of Tax Exemption No. 614-2017

CERTIFICATE OF TAX EXEMPTION

issued to

Name of Seller TIN Address Spouses Rodulfo Urquiola and Mildred Urquiola Brgy. Tiza, Roxas City

Homeowners Association. Inc. Name of Homeowners Our Lady of Guadalupe Association (HOA) -and TIN Milibili Heights Roxas City Address

December 9. 2014 over a parcel of land described below, to wit; This certifies that the Deed of Absolute Sale entered by the Seller and the HOA dated

Transfer Certificate Of T`itle (s.m.) 18.796 Area Transferred (sg.m) 14.499 Area ofCMP (sq.m.) 14,499 Brgy. Milibili, Roxas City Location

of 1992. The transaction is, however. subject to documentary stamp tax under Section 1 96 of 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 the Tax Code of 1997, as amended.

shall not be construed as giving authority to the concerncd Register of Decds to effect transfer of the land titles in the name of the buyer without the necessary certificate of authority to register issued by this Bureau. In this regard, this CTE shall be presented to the Revenue District Office (RDO) concermed in order for the latler to issuc the Certificate Authorizing Registration ((AR). The CAR shall only be issued after the submission of the requirements provided under RMO No. 15-2003. It is, however. understood that this Certificatc of Tax Exemption is never intended and

the sellers are entitled to exemption from capital gains tax or income tax imposed under Secs. occupants of the property transferred under the CMP are qualified beneficiaries and therefore. 24 (D)(1) and/or 27 (D)(5) the Tax Code of i997, as amended. The Bureau of Internal Revenue shall conduct verification and post-audit that the actual

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

Issued this day of DEC 7 4 2017

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K-i-RFR Commissioner of Internal Revenue CAESAR R. DULAY 011764