Certificate of Tax Exemption No. 1297-18

October 23, 2018 CERTIFICATE OF TAX EXEMPTION NO. 1297-18 CERTIFICATE OF TAX EXEMPTION issued to Name of Seller TIN Address AAA 000-000-000-000 _______________________ -and- Name of Homeowners Association (HOA) TIN Address VILLA NATIVIDAD HOMEOWNERS ASSOCIATION, INC. 000-000-000-000 Villa Natividad Upper Quary, Minuyan Proper, San Jose Del Monte City, Bulacan 3023 This certifies that the Deed of Absolute Sale entered by the Seller and the HOA dated November 09, 2017, over a parcel of land described below, to wit: aDSIHc Transfer Certificate of Title Total Area (sq.m.) Transferred (sq.m.) Area of CMP (sq.m.) Location T-43899 P(M) 10,000 9,700 9,700 Minuyan Proper, San Jose Del Monte City, Bulacan 3023 being a Community Mortgage Program (CMP), 1 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 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 tax or income tax imposed under Sections 24 (D) (1) and/or 27 (D) (5) 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 23rd day of October, 2018. ATICcS (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Shall be proportionately distributed to the association's qualified member-beneficiaries (See Annex).