Why prepare 8 copies? Here’s the distribution breakdown:.Both the Deed of Conveyance and the Acknowledgement Receipt must be notarized.Important: the spelling of the names on the deed of conveyance, the name on the Bureau of Internal Revenue (BIR) TIN, and on the identification documents should be the same the signature on the deed of conveyance and on the IDs should be the same. Make sure the deed indicates the unique Tax Identification Number (TIN) numbers of the parties involved. ![]() If the seller is a real estate developer or a real estate dealer who is habitually engaged in real estate, the seller can issue an Official Receipt. For sales transactions, prepare an Acknowledgement Receipt of the amount received by the seller. ![]()
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