February 7, 2020
CERTIFICATE OF TAX EXEMPTION NO. CMP-157-20
CERTIFICATE OF TAX EXEMPTION
issued to
Name of Seller | TIN | Address |
AAA | 000-000-000-000 | _____________________ |
-and-
Name of Homeowners Association (HOA) | TIN | Address |
SHIOIRI HOMEOWNERS ASSOCIATION, INC. | 000-000-000-000 | 7th Rd., Purok Bayanihan, Brgy. Taculing, Bacolod City 6100 |
This certifies that the Deed of Absolute Sale entered by the Seller and the HOA, dated July 08, 2019, over the parcel of land described below, to wit:
Transfer Certificate of Title No. | Total Area (sq.m.) | Transferred (sq.m.) | Area of CMP (sq.m.) | Location |
T-149020 | 1,000 | 1,000 | 1,000 | Puentebella, Brgy. Taculing, Bacolod City 6100 |
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.
It is, however, understood that this Certificate of Tax Exemption is never intended and shall 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 Bureau. In this...
