BIR Ruling No. 441-2020

SSUA BUREAU OF INTERNAL REVENUE REPUBLICOF THE PHILIPPINES DEPARTMENT OF FINANCE O44t-2W

Quezon City

IDP

Certificate of Tax Exemption No:

ASH1Z0ZO 2UG 1 1 2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

in favor of the National Housing Authority (NHA) over the parcels of land described below, to This certifies that the Deed of Absolute Sale (DOAS) Sale executed by the Landowners

wit:

Date of Deeds of Absolute Sale! Landowner/ Names of Seller Certificate of Transfer Title No. (Sq.m.) Area Transferred (Sq. m.) Area Location

October 9,2019 HG-III Golden Realty, Inc. Pampanga Brgy. San Masantol, Nicolas,

October 9,2019 HG-III Golden Realty, Inc. Amak, Masantol. Brgy. Bebe Pampanga

October 9, 2019 HG-III Golden Realty, Inc. Pampanga Brgy. San Masantol, Nicolas,

Brgy. Bebe

October 9, 2019 HG-III Golden Realty, Inc. Amak, Masantol. Pampanga

October 9, 2019 HG-III Golden Realty, Inc. Pampanga Brgy. San Masantol, Nicolas,

Brgy. San

October 9, 2019 HG-III Golden Realty, Inc. Masantol, Pampanga Nicolas,

Brgy. San

October 9, 2019 HG-III Golden Realty, Inc. Pampanga Masantol, Nicolas,

Brgy. San October 9, 2019 HG-III Golden Realty, Inc. Pampanga Masantol, Nicolas,

1 This Certificate of Tax Exemption does not include exemption from estate tax and/or donor's tax, if applicable

on the transfer of lots from the registered owners to their heirs/done.

HG-Il1 Construction & Dev't. Corp.Golden Residences Page 2 of 2 CTE No. Date issued

Brgy. San

October 9, 2019 HG-III Golden Realty, Inc. Pampanga Masantol, Nicolas,

October 9, 2019 HG-III Golden Realty, Ine. Pampanga Brgy. San Masantol, Nicolas,

October 9, 2019 HG-III Goldlen Realty, Inc. Pampanga Brgy. San Masantol, Nicolas,

TOTAL

which shall be used for the Golden Residences Masantol Housing Project, with 928 housing units, located in Brgys. San Nicolas and Bebe Amak, Masantol, Pampanga, a socialized

be undertaken by HG-III CONSTRUCTION & DEVELOPMENT CORPORATION, are not subject to creditable withholding tax/capital gains tax, documentary stamp tax and value- housing project of the NHA through its Community Initiative Approach Program (CIAP), to added tax pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279 and Section 109

(1)(P) of the Tax Code of 1997, as amended.

It is, howerer. understood that this CTE is never intended, and shall not be construed.

as giving authority to concerned Register of Deeds to effect transfer of the land titles in the

name of the ouyer without the necessary Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTE shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR.

Upon application for exemption, a lien on the titles of the lands, shall be annotated by

the Register of Deeds having jurisdiction over the properties, to the effect that the same are to

be applied or are being applied to a socialized housing project pursuant to RA 7279.

This Certificate of Tax Exemption 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 AUG11 2020

woMM

CAESAR R.DULAY Commissioner of Internal Revenue

036109

K-1-JAC