BIR Ruling No. 471-2020

REPUBLIC OF THFPHILIPPINES

DEPARTMENT OF FINANCE BUREAU OFINTERNAL REVENUE Quezon City

IDD Certificate of Tax Exemption No.

cap-0471-2028

CERTIFICATE OF TAX EXEMPTION

issued to

Name of Seller TIN Address

Brgy. Indangan, Buhangin, Davao City Brgy. Indangan, Buhangin, Davao City Brgy. Indangan, Buhangin, Davao City

-and

Name of Homeowners Association (HOA) TIN Address

HOMEOWNERS ASSOCIATION, INC. INDANGAN HIGHLANDS Brgy. Indangan, Buhangin Dist.. Davao City 8000

March 06, 2019, over the parcels of land described below, to wit; This certifies that the Deeds of Absolute Sale entered by the Sellers and the HOA, dated

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

Brgy. Indangan, Buhangin, Davao City

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.

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 @ertificate 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 shall

is entitled to exemption from capital gains tax or income tax imposed under Sections 24 (D)(1) and/or occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the seller 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

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 AUG 1 8 2020 1031

K-1-JAC Commissioner of Internal Revenue CAESAR R.DULAY 036395 O