BIR Ruling No. 472-2020

BUREAU OF INTERNAL REVENUE REPUBLICOFTHE PHILIPPINES DEPARTMENTOF FINANCE Quezon City

Certificate of Tax Exemption No.

CMP0472-2020

CERTIFICATE OFTAX EXEMPTION

issued to

Name of Seller TIN Address

50 Agusan Circle, Insular Village, Parmpanga Second, Davao City

Name of Homeowners Association (HOA) TIN -and Address

SAGRADA FAMILIA HOMEOWNERS ASSOCIATION, INC. P-13 San Vicente, Panabo City Davao 8105

October 04, 2018, over the parcel of land described below, to wit; This certifies that the Deed of Absolute Sale entered by the Seller and the HOA, dated

Transfer CertificateTotal Area Of T'itle No. (sq.m.) TransferredArea of CMP (sq.m.) (sqm. San Vicente, Panabo City Davao 8105 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.7 as am ended. 7279, or the Urban Developrmient and Housing Act of 1992. The

not be: construed as giving authority to the concerned Register of Deeds to effect transfer of the land 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 (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 requirerments provided under Revenue Memorandum Order It is, however, understood that this Certificate'of Tax Exemption is never intended and shall

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. occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the seller 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 AUG182020

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K-1-JAC Commissioner of Internal Revenue CAESAR R.DULAY 036400