Mach 6, 2020
CERTIFICATE OF TAX EXEMPTION NO. PSH-200-20
CERTIFICATE OF TAX EXEMPTION
TO ALL WHOM IT MAY CONCERN :
This certifies that the Deed of Absolute Sale executed by the Landowner in favor of the City Government of Tabaco, over the parcel of land described below, to wit:
Date of Deed of Absolute Sale | Name of Landowner | Transfer Certificate of Title (TCT) No. | Area (Sq. m.) | Area Transferred (Sq. m.) | Area for Socialized Housing (Sq. m.) | Location |
September 11, 2018 | AAA, married to BBB | T-106160 | 3,696 | 3,696 | 3,696 1 | Barrio of San Lorenzo, Municipality of Tabaco 2 |
which shall be used exclusively for the land development of the core shelter/resettlement site program of the City of Tabaco, is not subject to capital gains tax pursuant to Section 20 of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016, or withholding tax under Revenue Regulations (RR) No. 2-98, as amended. However, the sale is subject to documentary stamp tax (DST) imposed under Section 196 of the National Internal Revenue Code of 1997, as amended, based on the actual consideration...
