BIR Ruling No. 462-2020

BUREAU OF INTERNAL REVENUE REPUBLICOFTHEPHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No. CM-0462-2020

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

SAMAHANG MAGKAKAPITBAHAY NG PUROK IV HOMEOWNERS? ASSOCIATION,INC.PHASE 1 Marikina City, Metro Manila 1805 Purok 4, Malaya Exit, Malanday.

October 22, 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 of Title No. Total Area (sq.m.) Transferre (sq.m.) edArea of CMP (sq.m.) Location

Brgy. Malanday, Marikina City

32 (b) of Republic Act (RA) No. 7279, or the Urban Development and Housing Act of 1992. The 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.

as amended.

It is, however, understood that this Certificate of Tax Exemption is never intended and 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)

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.

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

is entitled to exemption from capital gains taxorincometax imposed under Sections 24 (D1) and/or

27D5 of the 1997 Tax Code,as amended.

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 1:8 2020 cucnv

M

CAESAR R.DULAY Commissioner of Internal Revenue

K-I-JAC 036322 Q h