The aforementioned document shall be submitted for OCT/TCT/CCT issued starting 2007, incase the Register of Deeds fails to annotate the information contained in the CAR as prescribed under Section 5 of Revenue Regulations No. 24-2002 dated November 15, 2002 dated November 15, 2002 and Section 1 of Memorandum Order No. 233 dated December 11, 2006 issued by President Gloria Macapagal Arroyo, as circularized in Revenue Memorandum Circular No. 3-2007.”

We repeat that the above requirements were abolished by RMC No. 105-2016.

As of now, the only requirements for transfer of OCT, TCT or CCT, as the case maybe, of real property are:

“Photocopy of the official receipts issued by the seller, for purposes of determining whether the sale or real property is on cash basis, a deferred-payment sale (when payments in the year of sale exceed 25% of the selling price).  The original copy of the official receipts shall be presented to the Bureau for authentication during the processing of the application for Certificate Authorizing Registration (CAR).  However, if the seller is not engaged in business, the acknowledgment receipts issued by the seller to the buyer or any proof of payment shall be presented.

While the Contract to Sell and official receipts of payments are among the documents required for installment sales in Annex A2 of Revenue Memorandum Order No. 15-2003, the taxpayer presents only the Deed of Absolute Sale which is, oftentimes, executed upon full payment.  The purpose of requiring the submission of a photocopy of the official receipts is for the Revenue District Office to have a means of validating if the transaction is on cash basis, deferred payment or installment plan.” (Sec. 1  of RMC No. 76-2007, which remains valid)

Kudos to BIR Commissioner Caesar R. Dulay for understanding the hardship of taxpayers who had lost or misplaced the old CAR for transactions that happened several years, if not decades, before the new sale or transfer of the real property.