I am a US Citizen living in California, who is currently in the process of selling a piece of land that I own at the Philippines. 20 years ago, I bought a piece of land for P250,000 pesos. I am current selling the same piece of land for P22 Million pesos. I plan to use to the sales proceed to invest here in the US.
What are the ALL the fees, taxes, etc. that I would have to pay to transfer all my sales proceeds?
How can I minimize the cost to transfer the sales proceeds?