BIR Ruling No. 461-2020

6 BUREAU OFINTERNALREVENUE REPUBLICOF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No.

CMD-0461-2020

CERTIFICATE OF TAX EXEMPTION

issued to

Name of Seller TIN Address

PLEASANTON LAND CORPORATION 24/F Galleria Corporate Center, Ortigas Ave., Quezon City

-and

Name of Homeowners Association (HOA) TIN Address

PUROK V, PHASE 1, HOMEOWNERS SAMAHANG ILAW AT GABAY NG MGA MAGKAKAPITBAHAY NG ASSOCIATION, INC Malanday, Marikina City, Metro Malaya St., Purok V, Phase I, Manila 1805

October 21, 2019, over the parcel of land described below, to wit: This certifies that the Deed of Absolute Sale entered by the Seller and the HOA, dated

Transfer Certificate Total AreaTransferred]Area of CMP of Title No. (sq.m.) (sq.m.) (sq.m.) Location

Brgy. Malanday, Marikina City

being a Community Mortgage Program (CMP), is not subject 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 1997 Tax Code,

as amended.

concerned in order for the latter to issue the Certificate Authorizing Registration (CAR). The CAR shall 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) It is, however, understood that this Certificate of Tax Exemption is never intended and shall

only be issued after the submission of the requirements provided under Revenue Memorandum Order

(RMO) No.15-2003.

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

27 (D)(5) of the 1997 Tax Code, as amended. is entitled to exemption from capital gains tax or income tax imposed under Sections 24 (D)(1) and/or

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

Issued this day of AUG 18 2020 Maa CAESAR R.DULAY

Commissioner of Internal Revenue

K-I-JAC 036323 Q