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    1 Deed of Absolute Sale

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    Anna Williams
    The document is a deed of absolute sale whereby the seller transfers ownership of a 1,000 square meter parcel of land located in Freedom Park, N. Reyes St., Manila to the buyer for 1 million pesos. The seller warrants they have valid title to the property and it is unencumbered, and they agree to defend the buyer's title against any claims. The parties and witnesses sign to complete the sale.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    1 Deed of Absolute Sale

    Uploaded by

    Anna Williams
    65 views1 page
    The document is a deed of absolute sale whereby the seller transfers ownership of a 1,000 square meter parcel of land located in Freedom Park, N. Reyes St., Manila to the buyer for 1 million pesos. The seller warrants they have valid title to the property and it is unencumbered, and they agree to defend the buyer's title against any claims. The parties and witnesses sign to complete the sale.

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    1 DEED OF ABSOLUTE SALE.docx

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    The document is a deed of absolute sale whereby the seller transfers ownership of a 1,000 square meter parcel of land located in Freedom Park, N. Reyes St., Manila to the buyer for 1 million pesos. The seller warrants they have valid title to the property and it is unencumbered, and they agree to defend the buyer's title against any claims. The parties and witnesses sign to complete the sale.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    65 views1 page

    1 Deed of Absolute Sale

    Uploaded by

    Anna Williams
    The document is a deed of absolute sale whereby the seller transfers ownership of a 1,000 square meter parcel of land located in Freedom Park, N. Reyes St., Manila to the buyer for 1 million pesos. The seller warrants they have valid title to the property and it is unencumbered, and they agree to defend the buyer's title against any claims. The parties and witnesses sign to complete the sale.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    DEED OF ABSOLUTE SALE

    KNOW ALL MEN BY THESE PRESENTS:

    I, ____________________________, of legal age, Filipino citizen, single and with residence and postal address at
    ________________________________________________, for and in consideration of the sum of ONE MILLION
    PESOS (Php 1,000,000.00), Philippine currency, to me in hand paid by and acknowledged to have received from
    VICENTE C. GUDANI (“BUYER”), of legal age, Filipino citizen, single, with residence and postal address at San
    Isidro Macabebe Pampanga, do hereby SELL, TRANSFER, and CONVEY, in a manner absolute and irrevocable,
    unto the said VICENTE C. GUDANI, his heirs, successors and assigns, that certain parcel of land without
    improvement, situated Freedom Park, N. Reyes St., Manila, and more particularly described as follows:

    TRANSFER CERTIFICATE OF TITLE NO. 0001


    Registry of Deeds for Manila

    A parcel of land being a portion of xxxx with an area of One thousand (1,000) square meters xxx.

    I hereby represent and warrant: that I have a good, valid, and subsisting right, interest, and title to the afore-
    described property herein sold to the BUYER; that the above-described parcel of land is free from any and all liens
    and encumbrances whatsoever; and that there is no pending, threatened or imminent action or controversy,
    whether administrative or judicial, involving or affecting the above-described property.

    I undertake and agree to defend the title to the above-described property herein sold to the BUYER against any and
    all claims of third persons or entities, and to defend the BUYER against all actions for eviction. Furthermore, I
    further undertake and agree to execute, secure and/or deliver any and all documents, contracts, agreements and/or
    other writings to complete and guarantee the title of the BUYER to the above-described property so that it may be
    validly and effectively transferred to and registered in the name of the BUYER.

    IN WITNESS WHEREOF, I have hereunto set my hand this _______________ at ____________________.

    _____________________________ VICENTE C. GUDANI


    Seller Buyer

    SIGNED IN THE PRESENCE OF:

    _____________________________ _____________________________

    ACKNOWLEDGMENT
    BEFORE ME, a Notary Public for and in ________________________ this ___________________________,
    personally came and appeared:

    Name Competent Evidence of Identity Place Issued


    VIC. C. GUDANI PRC ID. No. 14344 Manila
    __________________ ________________ ________________________

    known to me and to me known to be the same persons who executed the foregoing Deed of Absolute Sale and
    they acknowledged to me that the same is their free and voluntary act and deed.

    This instrument is written, and has been signed by the parties and their instrumental witnesses on each and every
    page hereof.

    WITNESS MY HAND AND SEAL, at the date and place first above written.

    Doc. No. ______;


    Page No. ______;
    Book No. ______;
    Series of 2020

    ADDITIONAL INFORMATION:
    Tax Declaration No. 143 was issued by the Assessor with the property classified as a Residential Land and valued
    at Php 100,000.00. The zonal value per square meter is 20,000.00. TIN of seller and buyer is 123-456-789-000
    and 188-172-237-000, respectively.

    QUESTIONS:
    1. Who shall file the return? ________________
    2. When is the prescribed period for the filing of the return? __________________
    3. Where do we file the return? ____________________
    4. How much is the capital gains tax to be paid? ____________________
    5. Assuming you intend to utilize the proceeds for the purchase of house and lot as your principal residence,
    how much is the capital gains tax which can be saved as a result? __________________________

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