BIR Ruling No. 370-2019

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No. 0370 - 2019

CERTIFICATE OF TAX EXEMPTION

issued

Nane of Sellers TIN Address ROSY CHUACUCO CONSUELO CHUA J0 No. 1 334 Rm. 405, Benavidez St. Tondo, Manila -and No. 3629 V. Mapa Ext., Sta Mesa, Manila

Name of Houeowners Association (HOA) TN Address

ASSOCIATION, INC., PHASE I MAAGAY 2 HOMEOWNERS I277 Sitio Maagay, Inarawan, Antipolo City,Rizal 1870

the parcel of land described below, to wit; This certifies that the undated Deed of Absolute Sale entered by the Sellers and the HOA, over

Transfer CertificateTotal Area [Transterred Area of CMP of Title No. (st.m.) 3,727 (sq.m.) 3,215 (sq.in.) 3.215 Kaylangho St., Brgy. Inarawan. Antipolo City, Rizal Location

transaction is, however, subject to documentary 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 Republic Act (RA) No. 7279, or the Urban Development and Housing Act of 1992. The as amended.

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 oniy be issued after the submission of the requirements provided under Revenue Memorandum Order uot 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) (RMO) No. 15-2003. It is, however. understood that this Certificate of Tax Exeniption is never intended and shali

occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the seller is entitled to exemption fron 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) shali conduct verificatiou 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 docunents as represented and

Issued this. day ofJUL 0 3 2F19

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K--JAC Commissioner of Internal Revenue CAESAR R. DULA 026546