BIR Ruling No. 463-2020

n0n BUREAU OF INTERNAL REVENUE REPUBLICOFTHE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No. Cmp0463-2020

CERTIFICATE OFTAX EXEMPTION

issued to

PLEASANTON LAND CORPORATION Name of Seller TIN 24/F Galleria Corporate Center Ortigas Ave., Quezon City Address

-and-

SAMAHANG MAGKAKAPITBAHAY Name of Homeowners Association NG PUROK IV HOMEOWNERS ASSOCIATION, INC. PHASE 2 (HOA) TIN Phase-2, Purok IV, Brgy. Malanday Marikina City 1805 Address

over the parcel of land described below, to wit; Tiis certifies that the undated Deed of Absolute Sale entered by the Seller and the HOA

Transfer CertificateTotal AreaTransferredArea of CMP of Title No. (sq.m.) (sq.m.) (sq.m.) Location

Brgy. Malanday, Marikina City

32 (b) of Republic Act (RA) No. 7279, or the Urban Deyelopment and Housing Act of 1992. The transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code, as amended. being a Community Mortgage Program (CMP), is not subject to capital gains tax pursuant to Section

only be issued after the submission of the requirements provided under Revenue Memorandum Order concerned in order for the latter to issue the Certificate Authorizing Registration (CAR). The CAR shall (RMO) No. 15-2003. Bureau. In this regard, this Certificate shall be presented to the Revenue District Office (RDO) 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 It is, however, understood that this Certifieate of Tax Exemption is never intended and shall

is entitled to exemption from capital gains tax or income tax imposed under Sections 24 (D)(1) and/or 27 (D)(5) of the 1997 Tax Code, as amended. occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the seller The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual

Certificate shall be considered null and void. submitted. However, if upon investigation, the BIR ascertains that the facts are different, then this This Certificate is being issued on the basis of the facts and documents as represented and

K-1-JAC Issued thisday of_AUG 1 8 2020 Commissioner of Internal Revenue 1eegavay CAESAR R DULAY 036402