BIR Ruling No. 334-2022

BUREAU OF INTERNAL REVENUE REPUBLICOFTHIF PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate' of Tax Exemption No. CMp5334-2022

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM T MAY CONCERN:

by and between: This certifie that the Deed of Absolute Sale dated December 16.2019.entered into

Name of Seller TIN Address

Reynaldo R.ortiague

-and-

Name of Home wners Association (ON TIN Address

HOMEOWNERS SOCIATION.INC. MONTIAGUE VILLAGE Asuncion Davao del Norte Purok 8.Brgy.Magatos

over the parcels of lnd described bclow.to wit

Transfer Certifica e of Title Nos. Total Area (sq.m.) Transferred (sq.m.) Areaof CMP (sq.m.) Location

2.610 2.611 2.611 2.610 2.611 2.610 2.611 2.610 2,611 2,610 2,611 2.610

is. however. subjec to documentary stamp tax under Section 196 of the National Internal Revenue CodeTax Cde of 1997.as amended. being a Community Mortgage Program (CMP). is not subject to capital gains tax pursuant to Section 32(bof Reouhlic Act (RA No.7279.as amended ty RA No.10884.The transaction

intended and shall n t he construed as giving authority to th concerned Register of Deeds to CAR.The CAR shail nly be issued after the submission of the requirements provided under Revenue Memorand im Order (RMONo.15-2003. effect transfer of th nd title in the name of the buyer vithout the necessary Certificate Authorizing Registr ition (CAR) issued by this Bureau. In tnis regard, this Certificate shall be presented to the Re enue District Office (RDO) concerned in order for the latter to issue the It is. howe er. understood that this Certificate of Tax Exemption (CTE is never

Sections 24 (D1) a id or 27 (D5 of the Tax Code of 1997.as amended. actual occupants of the property transferred under the CMP are qualified beneficiaries and therefore. the seller is entitled to exermption from capital gair s tax or income tax imposed under The Bureau f Internal Reveniue(BIRshall conduct erification and post-audit that the

O

Page 2 of 2 Montiague Village HDA Inc./Reynafdo R.Montiague Date Issued _ld3 CTE No. CMp.

submitted. Howeve i upon investigation, the BIR ascertains that the facts are different. then this Certificate shal he considered null and void. This CTE is being issued on the basis of the facts and documents as represented and

Issued this day of

AasaMwa

K-1-JAC Commissioner of Internal Revenue CAESAR R.DULAY 0 5 2 1 8 4 O