Do not understate the transaction
A deed should accurately record the real agreement. Creating a side agreement or a second deed with a false amount does not make the transaction compliant. It can also cause problems later if you need to prove what was paid, resolve a dispute, transfer the title, or report the property sale.
Do not rely on a broker, buyer, or fixer who suggests a false amount as a routine shortcut. Ask a qualified tax professional or lawyer to explain the lawful treatment before signing anything.
Confirm the correct tax treatment
The taxes and filing requirements depend on the property and transaction. Ask the BIR or a qualified tax professional how the applicable rules determine the tax base, who is responsible for payment, what deadlines apply, and what documents are needed. Keep the deed, payment records, official receipts, and filed documents consistent and accurate.
If a deed has already been signed with an incorrect amount, do not create another false document to cover it up. Get professional advice promptly on how to correct the records and meet any obligations.
Accurate reporting protects both parties and helps avoid expensive disputes. For your specific sale, get current advice from the appropriate government office or a qualified professional; this article is general information, not tax or legal advice.