BIR Ruling No. 275-2017

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Certificate of Tax Exemption No.

2752017

CERTIFICATE OF TAX EXEMPTION issued to

Name of Seller TIN Address

share: Humberto Colmenares, 1/8 share; Ma. Ana Fria C. Ong2, 1/8 (Maria J. Colmenares, / plus 1/8 Heirs of Jesus S. Colmenares

share: Ma. Socorro C. Quifion4, 1/8 1/8 share: Paulo Colmenares3, 1/8 share; Jesus Antonio Colmenares share; Joseph Colmenares,1/8 Kabulakan Homeowners share; and Ma. Carmen Colmenares, 1/8 share) Name of Homeowners Association (HOA) Association, Inc -and- TIN Brgy.Bagroy, Bago City Negros Occidental Address

HOA dated April 15,2014 over a parcel of land described below, to wit: This certifies that the Deed of Absolute Sale entered by the Seller and the

Transfer Certificate of Title Area (sq.m.) 5,656 Transferred (sg.m.) 5,535.89 Area of CMP 5,535.89 (sq.m.) Brgy. Bagroy, Bago City Location

being a Community Mortgage Program (CMP. is not subject to income tax/capital (b of RA No.7279 and Section 109 (1(P) of the Tax Code of 1997.as amended the same Code. The transaction is, however, subject to documentary stamp tax under Section 196 of gains tax/expanded withholding tax and value-added tax pursuant to Section 32

construed as giving authority to the concerned Register of Deeds to effect transfer of register issued by this Bureau. In this regard, this CTE shall be presented to the Certificate Authorizing Registration (CAR). The CAR shall only be issued after the submission of the requirements provided under RMO No. 15-2003. the land titles in the name of the buyer without the necessary certificate of authority to Revenue District Office (RDO) concerned in order for the latter to issue the It is, however, understood that this CTE is never intended and shall not be

Series of 2003, of Notary Public of Bacolod City, Romeo S. Subaldo dated July 8, 2003) and BIR CAR 2 Affidavit dated November 9, 2016 of Ana Fria C. Ong. that Ma. Ana Fria C. Ong and Ana Fria C Ong refers to one and the same person, daughter of the late Jesus Colmenares and Maria J. Colmenares Colmenares refers to one and the same person, son of the late Jesus Colmenares and Maria J. 4 Affidavit dated November 9, 2016 of Maria Socorro C. Quinion, that Maria Socorro C. Quinion and Certificate of Registration (Serial No. 00202676 issued on July 7, 2004 by RDO 77 by paying estate tax of P1,000.00) as duly annotated in Title with Entry No. 20140000283 dated May 7, 2014 3 Affidavit dated November 9, 2016 of Paolo Colmenares, that Paulo Colmenares and Paolo Ma. Socorro C. Quinion refers to one and the same person, daughter of the late Jesus Colmenares and By virtue of Extra Judicial Settlement of Estate under Doc No.261,Page No.54,Book No.XXVI Colmenares

275-2017

Page 2 of 2 Kabulakan Homeowners Association, Inc. 68-2017

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

This Certificate of Tax Exemption 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

O

Commissioner of Internal Revenue CAESAR R. DULAY

K-1-JRC 006956