BIR Ruling No. 465-2020

W BUREAU OF INTERNAL REVENUE REPUBLICOF THE PHILIPPINES DFPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No.

CMP0485-202

CERTIFICATE OF TAX EXEMPTION

issued to

PLEASANTON LAND CORPORATION Name of Seller TIN 24/F Galleria Corporate Center, Ortigas Ave., Quezon City Address

-and

Name of Homeowners Association (HOA) TIN Address

ASSOCIATION, INC. PHASE 2 RAINBOW HOMEOWNERS Purok 5, Camachile St., Malanday, Marikina City 1820

October 23, 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 AreaTransferredArea 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 transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code, 32 (b) of Republic Act (RA) No. 7279, or the Urban Development and Housing Act of 1992. The as amended.

Bureau. In this regard, this Certificate shall be presented to the Revenue District Office (RDO) 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 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

27 (D)(5) of the 1997 Tax Code, as amended. 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 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 of AUG 1 8 2020

aa'a

K-1-JAC Commissioner of Internal Revenue CAESAR R.DULAY 036388