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The Acknowledgement Receipt For Real Property Sales is a vital document in Philippine real estate transactions, required whenever a property sale occurs. This document is mandated by Philippine property laws and tax regulations, serving as official evidence of payment and transaction completion. It must contain specific information required by the Bureau of Internal Revenue and the Register of Deeds, including complete details of the parties involved, property description, and transaction amounts. The receipt is particularly important for tax compliance, property registration, and maintaining clear documentation of ownership transfer. It protects both buyers and sellers by providing a clear record of the transaction and is often required when dealing with government agencies or financial institutions in relation to the property sale.

1. Date and Location: Current date and place where the receipt is executed

2. Seller Details: Complete name, address, and tax identification number of the seller

3. Buyer Details: Complete name, address, and tax identification number of the buyer

4. Property Description: Detailed description of the property including lot number, street address, technical description, certificate of title number

5. Transaction Details: Purchase price, payment method, date of payment, and any relevant payment terms

6. Acknowledgement Statement: Formal statement acknowledging receipt of payment and completion of transaction

7. Signatures: Signature lines for seller, buyer, and witnesses with their complete names printed below