BIR Ruling No. 466-2020

H BUREAU OF INTERNALREVENUE REPUBLICOFTHEIHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No CMP-0466-2020

CERTIFICATE OF TAX EXEMPTION

issued to

Name of Seller TIN Address

MA.EMYLENE S.CHUA -and- No.8 Don Lauro Ave.Levitown Phase 9 Better Living Subd.ParanaqueMetro Manila

Name of Homeowners Association(HOA TIN Address

HOMEOWNERS ASSOCIATIONINC GREEN ARCHERS PHASE 3 Naga Rd., Pulang Lupa 1, Las Pinas City 1740

12, 201 8, over the parcels of land described below, to wit; This certifies that the Deed of Absolute Sale entered by the Seller and the HOA, dated March

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

Naga Rd., Pulang Lupa 1,Las Pinas

City 1740

transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code, as amended 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 Deyelopment and Housing Act of 1992.The

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

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) 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

Certificate shall be considered null and void. submitted. However, if upon investigationthe 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 AUG 182020

1esanrea

K-1-JAC Commissioner of Internal Revenue CAESAR R.DULAY 036383 O