EXEMPT TRANSACTIONS

The following transactions are not subject to CGT:

1. A government entity or government-owned or controlled
corporation selling real property
2. if the disposition of the real property is gratuitous in nature
3. Where the disposition is pursuant to the Comprehension
Agrarian Reform Program (CARP) law.

Electronic-Certificate Authorizing Registration (e-CAR)

• • Is a certification issued by the Commissioner are his
duly authorized representative attesting that the transfer has
been reported and taxes have been fully paid.
• • e-CARS are issued on One-Time Transactions
(ONETT). ONETT include the following:
• 1. Sale of real property classified as capital asset
(CGT)
• 2. Sale of Real Property Classified as Ordinary Asset
(CWT)
3. Sale Of Shares of Stocks Not Listed (CGT)
4. Transfer By Way of The Donation (Donor’s Tax)
5. Transfer By Way of Inheritance (Estate Tax)