Selling Land

[fred]

Sorry is this land in the Philippines or Britain, I see a reference to BIR and capital gains tax, sounds like Britain.

My reference to the BIR and capital gains is because I believe he is referring to the R.P.
I think this because he has another thread that asks how to transfer large sums of cash from R.P to UK.

[bridgyguy]

My reference to the BIR and capital gains is because I believe he is referring to the R.P.
I think this because he has another thread that asks how to transfer large sums of cash from R.P to UK.

Ah, that seems about right, i just wasn't sure.

What is the setup regarding moving cash from RP into Britain, and what is the conversion rate right now, here in Australia we are at approx 27 Peso for $1, last month it was 34 Peso, and we moved small amounts of cash from Australia each month until last month, it just isn't worth losing that amount right now, although we hope that after the Coronavirus has settled these rates will go back up.