BIR Ruling No. 495-2019

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No. 0495-2013

LORENZO T. CUA CUA LAY PANG StEVEN T. CUA JUANITO T.CUA Name of Sellers Cua cHi LAM CERTIFICATE OF TAX EXEMPTION TIN issued 6+ Ma. Clara St., Brgy. I ourdes. Quezon City++++ Address

GREENVILLE HOMEOWNERS ASSOCIATION, INC. PHASE : Nane of Homeowners Association (HOA) TIN -and Bagumbong, Brgy. 171, Caloocan City 1400 Address

as amended. transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax (ole. being a Community Morigage 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 ot' 1992. The 1 9, 201 7. over the parcels of and described below, to wit: Transfer Certificate Total Area [Transferred]Area of CMP of Title No. This certifies that the Deed of Absolute Sale entered by the Sellers and the HOA. dated October (s.m.) 10,543 403 (sq.m.) 10,543 403 (sq.m.) 10.543 43 Bagumbong. Caloocan City: t-too) Locatiou

(RM0) No. 15-2003. concerned in order for the iatter to issue the Certificate Authorizing Registration (CAR). The CAR shat only he issued after the submission of the requirements provided under Revenue Memorandum Orler Hot be construed as giving authority to the concerned Register of Deeds to effect transfer of the Hand Bureau. In this regard, this Certificate shall be presented to the Revenue District Oftice (RDO) title in the name of the buyer without the necessary certificate of authority to register issued by this It is, however, understood that this Certificate of Tax Exemption is never intended and shal!

submitted. However, if upon investigation, the BIR asceriains that the facts are different, then this 27(D(5) of the 1997 Tax Code, as amended. is entitled to exemption from capital gains tax or income tax imposed under Sections 24 (D)) 1) ant'or occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the seller This Certificate is being issued on the basis of the facts and documents as represented amd The Bureau of Internal Revenue (BiR) shall conduct verification and post-audit that the actutat . Certificate shatl be considered null and void.

Issued this. day of SEP 0 6 2019

K--J Commissioner of Internal Revenue CAESAR R. DULAY 028638