BIR Ruling No. 558-2020

REPUBLICOFTHE PHILIPPINES

DEPARTMENT OF FINANCE

H BUREAU OFINTERNAL REVENUE Quezon City

Certificate of Tax Exemption No.

CMP-0558-2020

CERTIFICATE OF TAX EXEMPTION

issued to

Name of Seiler TIN Address

CONSTANCIA BAUTISTA FELIPE No. 2135 Old Balagtas St., Pandacan, Manila

-and

Name of Homeowners Association (HOA TIN Address

SAMBISIG-BALUBAD HOMEOWNERS ASSOCIATION.INC. L1, B22, Balubad St., Brgy 179, Zone 16 Amparo Subd. District I, Caloocan City 1400

November 26, 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 Certificate [Total AreaTransferred] Area of CMP of Title No. (sq.m.) (sq.m.) (sq.m.) Location

Novaliches, Municipal of Caloocan, Province of Rizal

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.7279,:or the Urban Development and Housing Act of 1992. The as amended.

Bureau. In this regard, this Certificate shall be"presented to the Revenue District Office (RDO) 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 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. It is, however, understood that this Certificate of Tax Exemption is never intended and shall

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

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

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

Issued this day of SEP200 1aouwe

Commissioner of Internal Revenue CAESAR R. DULAY

K-I-JAC 036528 G

This Certificate of Tax Ixemption does not include exemption from ate tax which may be due, if any, on the estate ot Celestino M.Felipe