BIR Ruling No. 464-2020

BUREAU OFINTERNAL REVENUE REPUOLICOFTHE PHILIPPINES DEPARTMENT OF FINANCE Juezon City

Certificate of Tax Exemption No CMP0464-2020

CERTIFICATE OFTAX 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 RAINBOW HOMEOWNERS Purok 5, Malanday, Marikina City 1820

October 23, 2019, over the parcel of land described below, to wit; This certifies that the Deed of Absolute Saleentered by the Seller and the HOA, dated

Transfer Certificate [Total Area[Transferred Area of CMP of Title No. (sq.m.) (sq.m.) (sq.m.) Location

Brgy. Malanday, Marikina City

transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code, 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 as amended.

concerned in order for the latter to issue the Certificate Authorizing Registration (CAR). The CAR shall only be issued after the submission of therequirements provided under Revenue Memorandum Order RMO)No.15-2003. 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

occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the seller is entitled to exenption from capital gains taxor income tax imposed under Sections 24 (D(1) and/or 27D5of the 1997 Tax Code,as amended. The Bureau of Internal Revenue (BIR) shall' conduct verification and post-audit that the actual

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

Issued this day of. AUG.1.8 2020 aeeammeae

K-1-JAC Commissioner of Internal Revenue CAESAR R.DULAY 036387