BIR Ruling No. 366-2019

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No. 0366-2019

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

between This certifies that the Deed of Absolute Sale dated April 22, 2016, entered into by and

3 Bienvenida Lucio Paljleo, inarried Cecilia Lucio Deotampo, married EtistinaLtcio-Bernardo, married Elenita Lucio Velasco, married to : to Matt D. Deocampo to Allan G. Bernardo to Cesar B. Palileo Name of Seller/s Tito M. Velo Teresita Lucio Landowner/s Sadang TN No. 34, Theresa Tteights, Novaliches. Olympus. Novatiches. Quezon City Otympus. Novaliches, Quezon City Olympus. Novaliches, Quezon City Olympus, Novaliches. Quezon City Bik. 13 Lot 6, Apollo St. North Bik. 28, Lot T, Apoilo St.. North Blk. 13. Lot 6. Apolio St. North B!k. 13. Lot 6, Apollo St., North Quezon c ity. Address

A -and

Graeious Victory Homeowners Name of Homeowners sociation.(HOA) Ssociation, Inc. TN Sampalok St., Brgy. I'71 Bagumbong. Caloocan City t400 Address

"over the parcels of tand described below, to wit; .

Certificate of Title (TCT) Nos. Transfer Totat F Total Area (sq. m) ,93 ,717 1 96 Transferred (s.m. 1 3 I, 7 ' Arca 1 96 (sq. m) Area of CMP 1,717 1,9 13 1 96 Brgy. Bagumbong. Caloocan City Location

sadded tax (VAT) pursuant to Section 32 (b) of Repubtic Aet (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated Juiy 17. 2016 heing a COmmunity Mortgage Program (CMP), is not subjeet to capital gains tax and value- the transaction : and Section 109 (1) (P) ofthe National Internal Revenue Code of 199)7. as amended. However. Code. L subject to dpeumentary stamp tax (DST) under Section 196 ot the same

: Shall he proportionately distributed to the Issociation's qualitied momber-beneficiaries (Sce Annex)

V

GRACIOUS HICTORY HOMEOW'NERS ASSOCIATIN, INC 0 3 6 6-:21 g JUL 0 3 2019

of the land titles in the name"of the buyer without the necessary certificate of authority to shalt not be construed as giving authority to the concerued Register of Deeds to effect transfer It is, however; understood that this Certificate of Tax Exemption is never intended and

Registration (CAR). The CAR shall only be issued atter the subnission of the requirements provided under Revenue Memorandum Order (RMO) No. 15-2003. register issued by this Bureau. In this regard, this Certificate shall be presented te the Revenue District Office (RDO) concerned in order for the latter to issue the Certificate Authorizing

The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the

Sections 24 (D)(1) and/or 27 (D)(5) the National internal Revenue Code of 1997. as amended. actual 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

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

Issued this day of JUL 0 3 Z

-L K-I-LiAT Commissioner of Internal Revenue CAESAR R. DULAY 026545