RMC No. 64-2024 Digest

RMC No. 64-2024 (May 28, 2024) clarifies how ante-dating of deeds of sale involving real properties is treated. If a notarized deed of sale or transfer document is presented late, the laws and regulations on the kind of tax, rate of tax, and zonal or fair market values effective at the date of notarization apply, together with penalties and interest for late filing and payment. If the deed is found to be ante-dated, the rules effective at the time of presentation apply. Unless the taxpayer proves otherwise, a deed may be considered ante-dated if dated before the effectivity of the Capital Gains Tax law, the regulations imposing the Creditable Withholding Tax on sales or transfers of real property, or the current zonal values in the concerned Revenue District Office. To show no ante-dating, a taxpayer may submit supporting documents such as cancelled checks, invoices, contracts to sell, or certifications from the Clerk of Court, Executive Judge, or the National Archives of the Philippines.