BIR Ruling No. 499-2019

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No. 0 49"9 - 2019

CERTIFICATE OF TAX EXEMPTION

issued to

MANUEL EMILIO B. AFIADO m/to SUSANA BARBERO AFIADO JUDY ANN S. AFIADO and MArlon B. AFiAdo Name of Sellers TI #42 City Rd., Calao East, Santiago City, Isabela Balintocatoc, Santiago City, Isabela 331 Balintocatoc, Santiago City, Isabela 33 I ! Address

-and-

HOMEOWNERS ASSOCIATION, INC Sunland cmP villas 2 Name of Homeowners Association (HOA) TN Sagana, Santiago City 33 11, Isabela Address

i 5, 20 19, over the parcel of land described below, to wit; This certifies that the Deed of Absolute Sale entered by the Sellers and the HOA, dated February

Transfer Certificate[Total Area ] of Title No. (sq.m.) 19,001 [Transferred]Area of CMP (sq.m.) 19,00 (sq.m.) 19,001 Sagana, Santiago City 3311. Isabela Location

being a Community Mortgage Program (CMP), is not subject to capital gains tax pursuant to Section transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code. 32 (b) of Republic Act (RA) No. 7279, or the Urban Development and Housing Act of 1992. The as amended.

concerned in order for the latter to issue the Certificate Authorizing Registration (CAR). The CAR shall (RMO) No. 15-2003. 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 issted by this Bureau. In this regard, this Certificate shall be presented to the Revenue District Office (RDO) only be issued after the submission of the requirements provided under Revenue Memorandum Order It is, however, understood that this Certificate of Tax Exemption is never intended and shali

27 (D)(5) of the 1997 Tax Code, as amended. occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the setler is entitled to exemption from capital gains tax or income tax imposed under Sections 24 (D)(1) and/or The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actuai

Certificate shall be considered nutl and void. submitted. This Certificate is being issued on the basis of the facts and documents as represenfed and However, if upon investigation, the BIR ascertains that the facts are different, then this

Issued this. day of SEP 0 6 2019

K-I-JAC Commissioner of Internal Revenue CAESAR R. DULAY 028628