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Tax when selling overseas property

Discussion in 'Money Matters' started by anabell, May 29, 2019.

  1. anabell
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    anabell New Member

    Hi! Has anyone sold property in the Philippines? How did you handle the tax? Do you pay taxes both in Philippines and U.K.?
  2. Bootsonground
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    Bootsonground Well-Known Member

  3. Bootsonground
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    Bootsonground Well-Known Member

  4. Bootsonground
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    Bootsonground Well-Known Member

    Most that sell property here drop the sale figures on the deed of sale as that amount is what the BIR tax them on.
    The problem is,if you do that,how can you bank the actual amount received without evidence of a different source of funds.
    Best speak to a local accountant IMO!

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