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Sending Money out of the Philippines


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16 hours ago, Gas said:

Dealing with Metrobank is like going back in time 40 years. Did they make you change the pesos to US dollars then HK dollars :biggrin:

After 25 years i have got used to the inconsistency. In my neck of the woods land and property is always under valued. 

Indeed - I had to change pesos to USD then send the USD by electronic transfer and then change to HKD!  Why - who knows but no point in asking. 

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I sold a condo I owned couple years back. I asked BPI to remit the funds to my HK bank. As I  ( then ) only had a tourist visa they could only send the money in lots of 5 million pesos at a time. They

JGF used to earn money here but since covid has earned nothing but never had a reason to move money out of the country as this is my home. 

You're luckier than we are in Australia, here your principal residence (when it earns a capital gain at sale) is subject to the concessional rate of CGT at 15%, if it's an investment property then it'

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On 9/16/2020 at 7:09 PM, Gas said:

The original poster was Intrepid and even i thought you were  him earlier on when you posted :smile:.

lol, no the original poster was not Intrepid but since they both start with "I" we dont recommend new glasses just yet. :smile:

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On 9/16/2020 at 1:05 PM, Tommy T. said:

Maybe JGF might know since he has been here a long time and earns money here?

JGF used to earn money here but since covid has earned nothing but never had a reason to move money out of the country as this is my home. :tiphat:

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