@dknipes
English looking for information about Philippines
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21 posts
About me
English
Registration: 24 May 2022
Activity
Buying a House in Baguio Tax to pay ? by dknipes
Hello all , Uk national here . Wife and child both hold PL nationality . If I send money into The Philippines for the purpose of buying a house / land will the incoming remittance be taxed . I understand if I send money to myself it wont be . But of ...
Sure that was the original plan although it seems there is a lot more to it if the child is still under the age of 18 .. Read More
Buying a House in Baguio Tax to pay ? by dknipes
Hello all , Uk national here . Wife and child both hold PL nationality . If I send money into The Philippines for the purpose of buying a house / land will the incoming remittance be taxed . I understand if I send money to myself it wont be . But of ...
Great , although as I would technically be buying in my wifes name is there not a possibility it could be viewed as a gift ? Again maybe Im thinking too much ....( ! )On another related note in the case of our deaths at time of inheritance would our ... Read More
Buying a House in Baguio Tax to pay ? by dknipes
Hello all , Uk national here . Wife and child both hold PL nationality . If I send money into The Philippines for the purpose of buying a house / land will the incoming remittance be taxed . I understand if I send money to myself it wont be . But of ...
Just checking back in , has anybody actually paid any " donor tax " in order to purchase a property / land in the name of their Philippine spouse ? Read More
Baguio City by mugteck
We decided to spend 4 months in Baguio this trip, moved in Sunday, 11/5/23. Got a two bedroom apartment for the first month, will be moving into a single bedroom place for the last three months, same apartment building. Price is 25,000 ...
Sure we plan to rent for 3 months in advance in central . Read More
Baguio City by mugteck
We decided to spend 4 months in Baguio this trip, moved in Sunday, 11/5/23. Got a two bedroom apartment for the first month, will be moving into a single bedroom place for the last three months, same apartment building. Price is 25,000 ...
@mugteck Incidentally we are looking at the buying a house in Baguio in the future with a similar budget - around 3.5 million . Only small 2 bedroom required possibly a quiet area . Do you have any links to the properties in that subdivision you are ... Read More
Buying a House in Baguio Tax to pay ? by dknipes
Hello all , Uk national here . Wife and child both hold PL nationality . If I send money into The Philippines for the purpose of buying a house / land will the incoming remittance be taxed . I understand if I send money to myself it wont be . But of ...
@mugteck Thats good to hear may i ask if your wife is a national of the Philippines and if you used accounts in her name to transfer the foreign remittances into th Philippines . Im trying to get a general idea whether or not the 6 % donor tax may ... Read More
Buying a House in Baguio Tax to pay ? by dknipes
Hello all , Uk national here . Wife and child both hold PL nationality . If I send money into The Philippines for the purpose of buying a house / land will the incoming remittance be taxed . I understand if I send money to myself it wont be . But of ...
@mugteck Will do , have been reading some of that thread . If buying also , do you have any concerns about any potential taxation issues over international funds being remitted into the country for property purchase etc . David . Read More
Buying a House in Baguio Tax to pay ? by dknipes
Hello all , Uk national here . Wife and child both hold PL nationality . If I send money into The Philippines for the purpose of buying a house / land will the incoming remittance be taxed . I understand if I send money to myself it wont be . But of ...
@bigpearl Yes we plan to live in an outer area and just drive into the city when necessary . Was looking at Dontogan and Irisan areas possibly . Read More
Buying a House in Baguio Tax to pay ? by dknipes
Hello all , Uk national here . Wife and child both hold PL nationality . If I send money into The Philippines for the purpose of buying a house / land will the incoming remittance be taxed . I understand if I send money to myself it wont be . But of ...
@ bigpearl Yes will do really looking forward to the cooler climate and more natural surroundings . Living in Bangkok nearly 20 years does become tiresome as all of us are non - nationals / worsening air quality / heat / traffic etc complete lack of ... Read More
Buying a House in Baguio Tax to pay ? by dknipes
Hello all , Uk national here . Wife and child both hold PL nationality . If I send money into The Philippines for the purpose of buying a house / land will the incoming remittance be taxed . I understand if I send money to myself it wont be . But of ...
@bigpearlYes probably right . Thanks , David . Read More
Buying a House in Baguio Tax to pay ? by dknipes
Hello all , Uk national here . Wife and child both hold PL nationality . If I send money into The Philippines for the purpose of buying a house / land will the incoming remittance be taxed . I understand if I send money to myself it wont be . But of ...
@bigpearl Right i was thinking the same . Just wouldnt want it to come back and bite me later as I would imagine if it had to be paid atall it would be based on an honour system of self declaration . We have been living in Thailand for many years ... Read More
Buying a House in Baguio Tax to pay ? by dknipes
Hello all , Uk national here . Wife and child both hold PL nationality . If I send money into The Philippines for the purpose of buying a house / land will the incoming remittance be taxed . I understand if I send money to myself it wont be . But of ...
@bigpearl Yes it would be a reputable agent . My wife also has a BDO account . Good to hear you did not have to pay any tax using your wifes account for incoming foreign transfers . If this is the case it should clear the way for sending the funds ... Read More
Buying a House in Baguio Tax to pay ? by dknipes
Hello all , Uk national here . Wife and child both hold PL nationality . If I send money into The Philippines for the purpose of buying a house / land will the incoming remittance be taxed . I understand if I send money to myself it wont be . But of ...
@danfinn Hello there , No I am a UK national , my wife and child are both nationals of the Philippines ( Child is dual national ) . From what I can understand so far there would be no tax to pay on the incoming transfer from abroad , I was just ... Read More
Buying a House in Baguio Tax to pay ? by dknipes
Hello all , Uk national here . Wife and child both hold PL nationality . If I send money into The Philippines for the purpose of buying a house / land will the incoming remittance be taxed . I understand if I send money to myself it wont be . But of ...
Good advice thanks will keep all that in mind . So Im guessing for the incoming foreign transfer it will not matter whose account I transfer the money into from abroad , as long as it is for personal property purchase and it goes to either my sons ... Read More
Buying a House in Baguio Tax to pay ? by dknipes
Hello all , Uk national here . Wife and child both hold PL nationality . If I send money into The Philippines for the purpose of buying a house / land will the incoming remittance be taxed . I understand if I send money to myself it wont be . But of ...
Many thanks for the replies . @FilamretireApologies I should have added that we will be there in the Philippines yes at time of purchase . Permanently The child is ours yes . We did not live in the Philippines in the past but my wife did . Right ... Read More