BIR Ruling No. 470-2020

a BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

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Certificate of Tax Exemption No. CMP70-2020

CERTIFICATE OFTAX EXEMPTION

issued to

Name of Seller TIN Address

Vill. Phase 2, Block 4, Lot 32, Bangkal. Davao City

-and-

Name of Homeowners Association (HOA) TIN Address

ANITA HOMEOWNERS ASSOCIATION INC. Purok San Miguel, Brgy. Indangan. Davao City 8000

March 14, 2019, over the parcel of land described below, to wit: This certifies that the Deed of Absolute Sale entered by the Sellers and the HOA, dated

Transfer CertificateTotal AreaTransferredArea of CMP of Title No. (sq.m.) (sq.m.) (sq.m.) Location

Barrio Indangan, Davao City

transaction is, however, subject to documentar'y stamp tax under Section 196 of the 1997 Tax Code, being a Community Mortgage Program (CMP), is.not subject to capital gains tax pursuant to Section 32 (b) of Repubic Act (RA) No. 7279, or the Urban Development and Housing Act of 1992. The as amended.

not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land concerned in order for the latter to issuie 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. title in the name of the buyer without the necessary Certificate of Authority to Register issued by this Bureau. In this regard, this Certificate shall be presented to the Revenue District Office (RDO) It is, however, understood that this Certificate of Tax Exemption is never intended and shal

occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the seller 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. The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual

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 AUG 1.8 2020

asamwe

K-I-JAC Commissioner of Internal Revenue CAESAR R.DULAY 036401