Taxation, 2011 Bar — Question 75

MULTIPLE CHOICE

The head priest of the religious sect Tres Personas Solo Dios, as the corporation sole, rented out a 5,000 sq. m. lot registered in its name for use as school site of a school organized for profit. The sect used the rentals for the support and upkeep of its priests. The rented lot is (A) not exempt from real property taxes because the user is organized for profit. (B) exempt from real property taxes since it is actually, directly, and exclusively used for religious purposes. (C) not exempt from real property taxes since it is the rents, not the land, that is used for religious purposes. (D) exempt from real property taxes since it is actually, directly, and exclusively used for educational purposes.

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