BIR Ruling No. 464-2019

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No.

0464-2013

CERTIFICATE OF TAX EXEMPTON

issued to

ROLANDO KALINGA Name of Sellers TIN -and- Bayanan, Bacoor City, Cavite Address

Name of Homeowners. Association (HOA) TIN Address

STRIKE KALINGA 3 HOMEOWNERS Molino II Bacoor, Cavite 4102

ASSOCIAtiON, INC.

This certifies that the Deed of Absolute Sale entered by the Seller and the HOA, dated June 15.

2016, over the parcel of land described below, to wit;

Transfer CertificateTotal AreaTransferredArea of CMP Of Title No. 34,991 (sq.m.) (sq.m.) 7.123 (sq.m.) 7,123 Molino II, Bacoor City, Cavite 4102 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 1997 Tax Code,

as amended.

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

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

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.

The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual

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/or

27 (D)(5) of the 1997 Tax Code, as amended.

This Certificate is being issued on the basis of the facts and documents as represented and

submitted. However, if upon investigation, the BIR ascertains that the facts are different, then this

Certificate shall be considered null and void.

Issued this day of AUG 3 0 2019

oeeae

CAESAR R. DULAY Commissioner of Internal Revenue 1 028093 K-1-JAC