BIR Ruling No. 364-2018

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No. 364-2018

CERTIFICATE OF TAX EXEMPTION

issued to

Name of Seller TIN Address Dave P. Sahijwani m/t Gopi Dave #65 Magallanes Ave., Magallanes Village, Makati City

-and

Name of Homeowners Association (HOA) River Park Homeowners Association, Inc. (Phase I) TN Sapang Maligaya, Brgy. Sun Valley. Parafaque City 1711 Address

09, 2016, as amended on March 08, 2016 over a parcel of land described below, to wit: This certifies that the Deed of Absolute Sale entered by the Selter and the HOA dated February

Transfer Certificate of Title (sq.m.) Area Transferred (sq.m.) Area of CMP (sq.m. Sapang Maligaya, Brgy. Sun Valley, Parafaque City Location

being a Community Mortgage Program (CMP), is uot subjeet 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 same Code.

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 Bureau. In this regard, this Certificate shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the Certificate Authorizing Registration (CAR). The CAR shall only be issued after the submission of the requirements provided under Revenue Memorandum Order (RMO) No. 15-2003. It is, however, understood that this Certificate 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) the National Internal Revenue Code of 1997, as ainended. occupants of the property transferred under the CMP are quatified beneficiaries and therefore, the seiler The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual

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

Issued this. day ofMAR 0 8.2018

AC

K- Commissioner of Internal Revenue CAESAR R. DULAY 014107

: Shall be proportionately distributed (o the association's qualified member-beneficiaries (See Annex)

Annex A

Tenants/Beneficiaries

1..: Tarcela De Lara {Sgd) 2. Carmen De Guzman (Sgd) 3. Celia Laudencia (Sgd) 4. Marcela Cenit (Sgd) 5. Honorata Barrameda (Sgd) 6. Alden De Guia (Sgd) 7. Rogelio Sapiandante (Sgd) 8.. Rosita Sapiandante (Sgd) 9. Alex Francisco 10. Luzviminda Liwanag (Sgd) (Sgd)

12. Cecilia Tempongco 11. Teresita Manalili (Sgd) (Sgd)

14. Arcadio Dionisio, Jr. 13. Honorata Labro 15. Nestor Virginia (Sgd) (Sgd) (Sgd) -.-

17. Peregrino Almin 18. Ligaya Miguet 16. Rafael Virginia (Sd) (Sgd) (Sd) -dbh

20. James Manalaysay 19. Francisco Basilio, Sr. (Sgd) {Sgd)

21. Ernesto Panganiban (Sgd)

23. Miguel Reyes 22. Ma. Genina Carreon (Sgd) (Sgd) 24. Benjamin Tiusingeo (Sgd)

30. Luz Cas 31. Rosalina Velasco 28. Dominga Arboleda 29. Rosendo Arboleda 32. Delia Imutan 26. Regino'Ramos, Jr. 27. Lourdes Figueroa 25. Yolando Calonzo (Sgd) (Sgd) (Sgd) (Sgd) {Sgd) (Sgd) {Sgd) (Sgd)

Annex A

60. Gaudencia Diaz 54. Romeo Bisda 59. Dominador Sapiandante 52. Rosario Galang 53. Rosahna Martinez 55. Anna Marie Baluyot 56. Milagros Kalinisan 57. Rolando Gonzales 58: Luzviminda Bunaladi 51. Roberto Marcelo 46. Saturnino Larin 49. Corazon Tan 50. Lydia Belmonte 45. Remedios Belmonte 47. Jessie Cunanan 41. Ruben Jasmin 43. Monica Bautista 48. Corazon Ramos 34. Lailani Garcia 42. NenitA Kak 44. Grace Marcelo 38. Joselito Tiusingco 39. Margarita Vasquez 40. Leonor Calderon 36. Rolando Curanes 33. Wilfredo Episcope 35. Victoriano Linga 37. Ma. Felisa T. Francisco (Sgd) (Sgd) (Sgd) {Sgd) (Sgd) (Sgd) (Sgd) (Sd) (Sgd) (Sgd) (Sgd) (Sgd) (Sgd) (Sgd) (Sd) (Sgd) (Sgd) (Sgd) (Sd) (Sgd) (Sgd) (Sgd) (Sgd) (Sd) (Sgd) (Sgd) (Sgd) (Sgd) .

63. Lydia Cabrera 61. Jasmin Rivera 62. Rolando Diamzon (Sd) (Sd) {Sgd)

- Y