June 8, 2020
CERTIFICATE OF TAX EXEMPTION NO. CMP-305-20
CERTIFICATE OF TAX EXEMPTION
issued to
Name of Seller | TIN | Address |
AAA | 000-000-000 | ______________________________ |
-and-
Name of Homeowners Association (HOA) | TIN | Address |
Centro-1, Sta. Lourdes Homeowners' Association, Inc. | 000-000-000 | Purok Centro-1, Brgy. Sta. Lourdes, Puerto Princesa City, Palawan |
This certifies that the Deed of Absolute Sale entered by the Seller and the HOA dated May 30, 2018 over a parcel of land described below, to wit;
Transfer Certificate of Title No. | Area (sq.m.) | Transferred (sq.m.) | Area of CMP (sq.m.) | Location |
130782 | 30,993 | 26,954 | 26,954 | Brgy. Sta. Lourdes (formerly Tagburos), Puerto Princesa City, Palawan |
being a Community Mortgage Program (CMP), 1 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. HTcADC
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...
