BIR Ruling No. 547-2017

REPUBLIC, -F TH PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMF T OF FINANCE Quczon City

Certificate of Tax Exemption No.

7-217

CERTIFICATE OF TAX EXEMPTION

issued to

Name of Selter TN Address Luz Araullo Santos Brgy. Dona Francisca, Balanga City. Bataan

-and

Name of Homeowners Association (HOA) Barangay Bagumbayan Homeowners Association, Inc. TN Bagumbayan. Bagac. Bataan 2107 Address

20 I 6 over a parcel of and described below, to wit: This certifics that the Deed of Absolute Saie entered by the Seller and the HOA dated May 23.

Transfer Certificate of Title (sq.m.) Area 4.832 Transferred {sq.m.) 4.737 Area of CMP (sq.m.) 4.737 Bagumbayan, Bagac. Bataan Del Rosario St., Brgy. 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 Developinent and Housing Act of 1992. T'he transaction is. however. subject to documentary stamp tax under Section 196 of the same Code.

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

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. occupants of the property transferred under the CMP are qualified beneficiaries and therefore. the seller The Bureau of Internal Revenue (BiR) shall conduct verification and post-audit that thc actua!

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

Issued this day of NOV 2 .2017

A0u&

K-I-JAC Commissioner of Internal Rexenuc CAESAR R. DULA

' Shall be proportionately distributed to the association's qualified memher-beneficiaries (See Annex)