BIR Ruling No. 323-2018

REPUBLIC OF^THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City

Certificate of Tax Exemption No. 323-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

and between: This certifies that the Deed of Absolute'Sale dated August 14, 2014, entered into by

Seller/Landowner Francia B. Batalla Name of TIN Biock-3, Lot-4 Jeremiah St., Repar Homes, Caloocan City Address

-and-

Name of Homeowners Familia Homeowners Association (HOA) Association, Inc. TIN Upper Little Baguio, Miramonte Heights, Brgy. 180, District I, Caloocan City Address

over a parcel of land described below, to wit:

Certificate of Title (TCT) No. Transfer (sq. m.) Area Transferred (sq. m.) (sg. m.) Area of CMP Municipality of Caloocan Barrio of Novaliches, Location

being a Community Mortgage Program (CMP)', is not subject to capital gains tax and value- added tax (VAT) pursuant to Section 32 (b) of Republic Act (RA) No. 7279 and Section 109 (1) (P) of the National Internal Revenue Code of 1'997, as amended. However, the transaction is subject to documentary stamp tax (DST) under Section 196 of the same Code.

shall not be construed as giving authority to the concerned Register of Deeds to effect transfer of the iand 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) 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

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

I Shatl be proportionately distributed to the association's qualified member-beneficiaries (See Annex)

FAMILIA HOMEOW'NERS ASSOCIATION, INC.

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) the National Internal Revenue Code of 1997, as amended.

and 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

Issued this day of M218

180mv8

K-I-LMAT Commissioner of Internal Revenue CAESAR R. DULAY B 014117

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