BIR Ruling No. 397-2018

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City 1+

Certificate of Tax Exemption No. 397-2018

CERTIFICATE OF TAX EXEMPTION

issued to

Luzonio S. Dimaano Name of Seller TIN Sakuting St., Lanzona Subd. Matina Crossing, Davao City. Address

-and-

Name of Homeowners Association Homeowners Association, Inc. San Miguel Overview TIN Sitio Awa, Catalunan Grande Davao City Address

20 I 6 over a parcel of Iand described below, to wit: This certifies that the Deed of Absolute Sale entered by the Seller and the HOA dated March 2

Transfer Certificate of Title (sg.m.) Area Transferred (sq.m.) Area of CMP (sq.m.) Barrio Catatunan Grande Davao City Location

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 transaction is, however, subject to documentary stamp tax under Section 196 of the same Code.

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. 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 it is. however, understood that this Certificate of Tax Exemption is never intended and shall

is entitled to exemption froin capital gains tax or income tax imposed under Sections 24 (D)( 1) and/or 27 (D)(5) the National Internal Revenue Code of (997. as amended. occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the setler The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actua!

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 MAR 0 8.2018

8a

K-I-MCU'S Conmissioner of Internal Revenue CAESAR R. DULAY 014 178 ' Shall be proportionately: distributed to the association's qualified nrember-beneficiaries (See Annex)