BIR Ruling No. 464-2017

REPUBLICOF THE PHHIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of 'Tax Exemption No: 464-2017

CERTIFICATE OF TAX EXEMPTION

CORP. and the Nationat Housing Authority (NHA) over the parcels of land deseribed below. to wit: 2016,respecuvely, executed by and between ATLANTICA RFALTY DEVELOPMENT This certifies that the two (23 Deeds of Sale dated May 18. 2016 and September 13

September t 3,2016 2 6 May I8. Absolnte Deed of Date of Sale Developmen Corp Realty Realty Atlantica Corp Development Atlantica Iantowner Nane of Transfer Certificate Of Title Nos. I St . 67,715 40.563 St.l Aggregate Arca 1.000 developed 400 developed (consisting ot) 10.000 sq. m. teonsisting of 16.926 sq.m Transfert'ed {o1s. Area O}s} Lupa, Pandi Lupa. Pandi Location of Properties Mapulang Mapulang Bulacan Bulacan Bres Br gy

Lupa, Pandi, Bulacan, a socialized housing project of the N:tA through its Community the Province of Bulacan, are not subject to capital gains tax/expanded withholding tax and documentary stamp tax pursuant to Sections 19 and 20 ot Republic Act (RA) No. 7279) which shall be used for the Pandi Village 2 Resetlenient Project. located in Brgy. Mapulang Initiative Approach Program (CIAP). for the benefit of the qualitied members/tamilies? of informal settlers living in danger areas and affected by elearing ot waterways and esteros in

intended and shall not be construed as giving aothority to the concerned Register of Deeds to effect transfer of the land titles in the name of the NHA without the Certilicate Authorizing [t is, however, understood that this Certifieate of Tax Exemption (CTl) is never

2?. 2016 in favor of Atlantica Realty Developnent Corporation. 20 t6 in favor of Atiantica Realty Devetopment Corpuration. : The TCT is stilt under the nane of Hitarion Sanchez but the latter executed r. Deed ot Absolute Sale on June 2 The TC I is still under the nane of Julian De Los Santos but he exectted a Deed of Absolute Sale on April 30. Please see Annex "A" for the list of benoficiaries consisting of 23 pages

Page 2 of' 2 Atlantica Realty Developnen Corp Dats issued 9-25-2017 C Ie No. 1+-201

Registration (CAR issued by this Bureau. In this regard, this C"TH shall he presented to the Revenue IDistriet Office (RDO) concerned in order for the latter to issue the ( AR.

Upon application for exemption. a lien on the titles of the lands shalt be annotated by

be applied or are being applied to a socialized housing project purstant to RA No. 7270 the Register of Deeds having jurisdietion over the properties. to the effect that the same are tot

that the tacts are different, then this Certificate shall he considered null and v oid documents as represented and submitted. Howev er. if upon investigation. the BiR ascertains This Centificate of Tax Exemption is being issued on the basis of the facts and

Issued this day of ..

1aaw

Commissioner of Internal Revenue (AESAR R.ULAY 0 09 4 4 4

K -

NAA