Documentary Stamp Tax — Certificate of Sale

December 21, 1979 BIR RULING NO. 131-79 Documentary stamp tax certificate of sale This refers to your letter dated November 7, 1979 requesting opinion and/or ruling as to the correct amount of documentary stamp tax to be paid on a Certificate of Sale issued by the Sheriff as a consequence of an extra-judicial foreclosure under Act No. 3135 as amended. In reply, I have the honor to inform you that said Certificate of Sale is subject to the rates of documentary stamp tax prescribed by Section 245 of the Tax Code of 1977, as amended, which are as follows: "Sec. 245. Stamp Tax on Deeds of Sale and Conveyances of Real Property . . . . xxx xxx xxx "(a) When the consideration, or value received or contracted to be paid for such realty, after making proper allowance of any encumbrance, exceeds two hundred pesos and does not exceed one thousand pesos, two pesos. "(b) For each additional one thousand pesos, or fractional part thereof in excess of one thousand pesos of such consideration or value, eight pesos. xxx xxx xxx