BIR Ruling No. 625-2020

Quezon City

Certificate of Tax Exemption No. CMP-0625-2020

CERTIFICATE OF TAX EXEMPTION issued to

Name of Seller TIN Address. KANLAON FARMS, INC. No. 85 Garnet Bldg., Araneta St. Singcang, Bacolod City 6100 /

-and

HOMEOWNERS ASSOCIATION, INC. Name.of Homeowners Association KANLAON VILLAGE (HOA) TIN Prk 2, Brgy. Chambery, Manapla, Neg. Occ. 6120 Address

over a parcel of land described below, to wit: This certifies that the Deed of Absolute Sale entered by the Seller and the HOA dated June 7. 2019

Transfer Certificate T-275484 of Title (sq.m.) 24,368 Area Transferred. (sq.m.) 24,368 Area of CMP (sq,m.) 24,368 Prk 2, Brgy. Chambery, Manapla. Neg.Occ.6120 Location.

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

Certificate Authorizing Registration (CAR). The CAR shall only be issued after the submission of the Certificate shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the 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 requirements provided under Revenure Memorandum Order (RMO) No. 15-2003. It is, however, understood that this Certificate of Tax Exemption is never intended and shall not be

occupants of the property transferred under the CMP are qualified, beneficiaries and therefore, the seller 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. The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual

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 submilted. *

Issued this day of_NOV_0 3 220

Commissioner of Internal Revenue CAESAR R.DULAY 037447

Shall be proportonately distributed to the association's qualified member-beneficiaris (See Anidy)