BIR Ruling No. 552-2020

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

CmP-0552-2020 Certificate of Tax Exemption No.

CERTIFICATE OF TAX EXEMPTION

issued to

by its President, David O. Chua Pleasanton Land Corporation as represented Name of Seller TIN 24/F Galleria Corporate CenterEDSA cor Ortigas Avenue, Quezon City Address

-and-

Name of Homeowners Association (HOA) Homeowners' Association, Inc. Phase l1-B Samahang Magkakapitbahay ng Purok II TIN Purok 3, Malanday,Marikina City 1805 Address

2019 over a parcet of land described below, to wit; This certifies that the Deed of Absolute Sale entered by the Seller and the HOA dated October 21.

Certificate of Title Transfer (sq.m.) Area Transferred (sq.m. Area of CMP (sq.m. Minahan Int (Purok 3 Ph2B) Brgy. Malanday, Marikina City Location

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 Developn hent and Housing Act of 1992. The transaction is,

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) concerned in order for the submission of the requirements provided under Revenue Memorandum Order (RMO) No. 15-2003. construed as giving authority to the concerned Register of Deeds to effect transfer of the land title in the latter to issue the Certificate Authorizing Registration (CAR). The CAR shall only be issued after the It is, however, understood that this Certificate of Tax Exemption is never intended and shall not be

the 1997 Tax Code, as amended. 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/or27 (D)5 The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual

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 submitted.

Issued this day'of SEP 2 3.2020

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Commissioner of Internal Revenue CAESAR R. DULAY

K- 036473

Shall be proportionately distributed to theassociations qualified member-beneficiaries (See Annex