PMT Forum
Do you want to make money today? :)

Deed of Sale questions

sourcing.pro · 19 · 6870

jomor

  • Forum Tambay 200
  • ***
    • Posts: 242
    • Likes Received: +1/-0
I believe it is no longer necessary because the Deed of Sale document indicates this: "NOW THEREFORE, for and in consideration of the amount of xxx (Pxxx) Philippine Currency, the receipt whereof is hereby acknowledged by the SELLERS from the BUYERS ..."

I experienced being asked for a receipt at the RDO office but I pointed out to the Officer of the Day about this paragraph in the Deed of Absolute Sale... which they understood, and no further questions asked...


mark_ruiz2005

  • Senior Member
  • **
    • Posts: 58
    • Likes Received: +0/-0
Actually, some RDO's require it. They are not saying why but I think it's their way of verifying a cash sale and an instalment sale or maybe to make sure there is no undervaluation being done. Of course it's easy to just break down the MC to 2 checks so I think it's the first reason.
A Copy of checks in any form is not being required by the bir rdo or the registry of deeds. What is being required by the bir is a copy of official receipt if the seller is a corporation and acknowledgment receipt (notarized) if otherwise. On the otherhand, the registry of deeds needs a copy of the car, transfer tax payment, and deed of sale duly stamped by the bir since its duty is ministerial in nature. Please take note also that not all sales of property should be in the form or checks or managers check in particular, it can be also in form of cash or via loan take out from other banks. If for the sake of arguments  a copy of managers check is required to establish that the amount stated in the deed is not under-value, how about if the payment is in cash?


jomor

  • Forum Tambay 200
  • ***
    • Posts: 242
    • Likes Received: +1/-0
Hi!

After paying the seller the Manager's Check on the sale of property, does the BIR require a xerox copy of the manger's check as proof of payment to the seller?
Thanks!
If you signed a Deed of Absolute Sale, you don't need any receipt of payment anymore... I would like to direct you to the paragraph in the Deed of Absolute Sale which states: "Now therefore, for and in consideration of the aforesaid premises and more specifically the sum of ______, Philippine Currency, the receipt whereof is hereby acknowledged in full ..."

I had a similar experience with BIR and they asked for a separate receipt of payment... I just pointed out this particular provision which is very clear... and even notarized... what other document or documents that will defeat this particular paragraph of the Deed of Absolute Sale? I think what the BIR has asked is just a way of (?)... you know what I mean... hope this helps.


julz

  • Forum Master 300
  • ***
    • Posts: 338
    • Likes Received: +0/-0
Paano malalaman kung magkano ang computation ng BIR sa property mo? May formula ba yun?
If lote madali lang kasi per sqm, zonal values, what if meron minimal improvement?

Masama ba maglagay ng undervalued price? Eh kung yun ang price na nakapag-sunduan? especially if motivated seller.


 


Recent Posts

Construction Cost - Concrete by MaxP
[Today at 02:13 PM]


How to play online casino and win big by ThomasPal
[Today at 02:59 AM]


How to play online casino and win big by ThomasPal
[Today at 02:59 AM]


New to options and stocks by meklein
[Yesterday at 07:15 PM]


Anyone investing in copper? by MaxP
[Yesterday at 04:03 AM]


Fx-Market News And Analysis by TraderSmith
[Dec 13, 2019, 10:24 PM]


Should I invest in Mutual Funds/ How to!!!! by BernalFernas
[Dec 13, 2019, 08:54 PM]


20% tax on interest!! by BernalFernas
[Dec 13, 2019, 08:53 PM]


Trailing Stop questions... by ColtonCarson
[Dec 12, 2019, 07:04 PM]


The Trillion-Dollar Lawsuit That Could End Financial Tyranny by AMARANTH
[Dec 12, 2019, 01:50 PM]


Beware of CDC Realty by Brightside87
[Dec 12, 2019, 12:49 PM]


98% of Ransomware victims were using windows 7 by MaxP
[Dec 12, 2019, 03:08 AM]


How to speed up website load time? by MaxP
[Dec 12, 2019, 03:06 AM]


Business offer/Co-financer in need by MaxP
[Dec 11, 2019, 11:59 PM]


Where to invest US$ in PH??? by BernalFernas
[Dec 11, 2019, 07:07 PM]

PMT Shoutbox

Refresh History
  • Post only questions or comments here. Advertisements NOT ALLOWED.
  • Niel Jhacoubs: To bpc85 kung nakalagay ang inyong names sa beneficiary list ng iyong ama kay may makukuha po kayo.
    Nov 28, 2019, 02:18 PM
  • Niel Jhacoubs: Hellooooo, its been a while. :)
    Nov 28, 2019, 02:16 PM
  • miakashidou31: hi , meron po ba ditong nagta transfer sa paypal?
    Nov 05, 2019, 01:46 PM
  • whennedy: good noon po
    Oct 18, 2019, 12:04 PM
  • edzlpdac: goood day po sa lahat!
    Oct 12, 2019, 03:37 PM
  • bpc85: ask lng sana ako kung may makukuha ba kami ng Mama ko at ako or mga kapatid ko sa benepisyo ng aming Ama bilang membro ng AFPSLAI. thank you po.
    Sep 27, 2019, 12:52 PM
  • bpc85: Hi guys, im new here,.
    Sep 27, 2019, 12:52 PM
  • Anaperdi: Hi just want to know if meron dito who is into boundary hulog ng motorcycle? For mga riders ng courier. Pwede ba magpashare how it works? Naisip ko lang baka pwede ko ibusiness, meron na pala mga posts online pero di pa clear ang system sa akin. thank  you sa makakapansin
    Sep 21, 2019, 11:32 AM
  • Anaperdi: Hi newbie here..
    Sep 21, 2019, 11:19 AM
  • jprios: May contact ba kayo kung sakali?
    Sep 18, 2019, 06:11 PM
  • jprios: Sino pwedeng mahiraman dito?
    Sep 18, 2019, 06:09 PM
  • kfg52: Present!
    Sep 15, 2019, 07:26 PM
  • juju31: san po ba may nag papahiram dito
    Sep 14, 2019, 07:18 PM
  • juju31: hello
    Sep 14, 2019, 07:18 PM
  • FutureGizmo: Thanks julz! Medyo ganun nga trabaho namin ngayon, to monitor spam posts kasi ang daming spam bots. But thanks for reporting. Auto-ban agad ang spammers sa amin haha
    Sep 07, 2019, 12:17 PM
  • julz: @FutureGizmo si @nikkikv18 just posted more than 10 posts about porn sites. hay, spam.
    Sep 03, 2019, 01:05 PM
  • Cid_brent: sino po dyan pwede magbigay send ng paypal funds and I will pay you using gcash?
    Aug 25, 2019, 08:58 PM
  • Meghan91811: Sino po may alam about Rice Farming...
    Aug 25, 2019, 07:44 AM
  • roselove: hello po sa inyo... newbie here
    Aug 06, 2019, 03:31 PM
  • Niel Jhacoubs: Sino palaging active dito?
    Jul 30, 2019, 04:15 PM
  • dagocjasonrey: Anong update dito?
    Jul 22, 2019, 08:49 PM
  • mark_Lee: anong bago dito
    Jun 28, 2019, 01:03 AM
  • mark_Lee: balita
    Jun 28, 2019, 01:03 AM
  • Lovelyprincess72: hi everyone , I'm newbie here
    Jun 27, 2019, 02:36 PM
  • Niel Jhacoubs: Musta?
    Jun 26, 2019, 01:43 PM
  • Forexanalysis: Hello
    Jun 25, 2019, 06:33 PM
  • Niel Jhacoubs: Hello sa mga online jan! :)
    Jun 15, 2019, 02:58 PM
  • oragon: :applause:
    May 20, 2019, 03:53 PM
  • FutureGizmo: Thank you for reporting those spam posts, oragon! Spam posts now deleted.
    May 20, 2019, 01:59 PM
  • oragon: Admin kindly monitor some peps! posting and sharing inappropriate nude photos and website links
    May 20, 2019, 01:52 PM
  • @culinary10: Hello I am new here! Regarding sa bdo life insurance for 8 years, pwede pa kaya ma refund yung binayad ko na 50k last year? Gusto ko sana icancel kasi lack of financial na, last may 15 2018 po un nag start ako ng life insurance, pinili ko annually kaso etong may 15 2019 wala nako ma ipay so gusto ko sana icash out, may alam ba kayo kung pano marerefund?
    May 17, 2019, 07:56 PM
  • FutureGizmo: Hi Sonny, the posting issue is now resolved. Thanks for informing us! We're currently testing a new, mobile-ready theme so let us us know kung may problema pa sa Forum. :)
    Apr 04, 2019, 10:40 AM
  • sonny.wapak: Nakaka receive din ba kayo nito pag gawa ng new post? "Please try again. If you come back to this error screen, report the error to an administrator."
    Apr 03, 2019, 10:56 PM
  • leonine_zafiro: what product nun?
    Apr 01, 2019, 10:25 PM
  • dhondiex27: hi
    Mar 30, 2019, 10:55 PM
  • lusart: jayrob i agree 200%. hulog ng langit organico. legit na legit
    Mar 29, 2019, 09:08 AM
  • palemelch: Hi
    Mar 28, 2019, 04:08 PM
  • O.C.W._AK: Magandang Araw sa Lahat! Blessings! (",)
    Mar 28, 2019, 08:42 AM
  • thor15: hello everyone, newbie here
    Mar 25, 2019, 01:47 AM
  • captjaylo: present newbie here
    Mar 22, 2019, 10:06 AM
  • balboagilbert26: hello Guys .. Newbie here
    Mar 21, 2019, 10:55 PM
  • businesswoman2019: @jefsanity nag inquire na po ako pero di sila nagdidisclose. Yung branch po kasi na target ko, currently building pa.
    Mar 21, 2019, 04:27 PM
  • jefsanity: @businesswoman2019, much better inquire ka na lang sa admin nila.
    Mar 21, 2019, 01:51 PM
  • businesswoman2019: Hello! Any idea how much ang stall sa waltermart. 2m x 2m
    Mar 21, 2019, 08:28 AM
  • John Neil: Looking for an accredited iron foundry
    Mar 17, 2019, 03:19 PM
  • jayrob: Mark_Lee ung organico legit po yan..  Member din AQ..
    Mar 17, 2019, 12:57 AM
  • perlymelad: Hello po! Need advice, why my new MLM leaders failing?
    Mar 14, 2019, 08:51 PM
  • perlymelad: Present
    Mar 12, 2019, 07:53 PM
  • kennethmauricio: Hi saan po dito pwede mag post ng for sale properties?
    Mar 11, 2019, 07:58 PM
  • jefsanity: @mark_lee isipin mo anu passion mo at skills mo...
    Mar 11, 2019, 06:52 PM