BIR Ruling No. 655-2020

REPUBLICOF THE PHILIPPINES

DEPARTMENT OF FINANCE

BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No:

NSH-0655-2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

and completed housing units in Kristoffee Heights 2, a socialized housing project of the NHA executed by and among the National Housing Authority (NHA), Bilrey Construction, and under its Community-Based Initiative Approach intended for the qualified beneficiaries of and Highways, located at Brgy."Molino, Naic, Cavite, to be undertaken by Bilrey Construction, is not subject to capital gains tax (CGT)/income tax/creditable withholding Kristoffee Heights Homeowners Association, Inc. for the acquisition of informal settler families affected by the 8.2 Segment Project of the Department of Public Work 19 and 20'of Republic Act (RA) No.`7279 and Section 109 (1) (P) of the National Internal Revenue Code (Tax Code) of 1997, as amended. tax (CWT), documentary stamp tax (DST) and value-added tax (VAT) pursuant to Sections This certifies that the Memorandum of Agreement dated March 3, 2020 made and developed lots

of Bilrey Construction over the parcels of land described below, to wit: Moreover; the Deeds of Absolute Sale (DOAS) executed by the Landowners in favor

Aug. 25. Date 2020 Sole heir of Isabel Marquez Linson and Valentin A. Linson, namely: and Teofilo Vasquez, namely: Sole heir of Patricia Poblete Vasquez 1. Avelina Vasquez Fronda 1. Valentin M. Linson. Jr Name of Landowners! Certificate (TCT) Nos. Transfer of Title (Sq. m.) 23,411 Area Transferred (Sq. m.) 23,411 Area Brgy. Molino, Naic, Cavite Location

Aug. 25. 2020 Heirs of Petra Marquez-Linson and Eduardo Linson, namely: 38,485 38,485 Brgy. Molino, Naic,Cavite

July 17. July 17. 2020 2020 1. Pastora Linson-Riego De 2. Dante Marquez Linson Desiree Clary P. Swann Desiree Clary P. Swann Dios; and 15,845 13,181 15,845 13,181 Brgy. Molino, Brgy. Molino, Naic, Cavite Naic, Cavite

which shall be used for the above-mentioned socialized housing project is not subject to CGT/income tax/CWT, and VAT pursuant to Section 20 of RA No.7279 and Section 109 (1) (P) of the Tax Code.of 1997,-as amended. However, such DOAS are subject to DST imposed under Section 196 of the Tax Code of 1997, as amended, based on the consideration contracted

The herein tax exenption does not cover estate tax due, if any, on the transfer of TCT Nos. deceased registered landowners to their respective heirs. and from the

(Kristoffee Heights 2) BILREY CONSTRUCTION Date issued: CTE No.: NSH - DEC ' 3 2 202

to be paid for such realties or on their fair market value determined in accordance with Section 6 (E) of the same Code, whichever is higher.

RMO No. 15-2003, shall be presented to the Revenue District Office (RDO concerned in order for the Iatter to issue theCAR. intended and.shall not be construed as giving authority to the concerned Register of Deeds (RD) to effect transfer of the land titles in the name of the buyer without the necessary together with the documentary requirements provided under Revenue Memorandum Order Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTE It is, however, understood that this Certificate of Tax Exemption (CTE) is never

the concerned RD having jurisdiction over the property, to the effect that the same are to be applied or are being applied to a socialized housing project pursuant to RA No. 7279. Upon application for exemption, a lien on the titles of the land shall be annotated by

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

Issued this day of DEC 0 2 2020

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KI-LMAI Commissioner of Internal Revenue CAESAR R: DULAY 0381634

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