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Property Tax in Thailand Author: admin Nov 13

On 13 September 2005, the Thai Government approved a proposal to reintroduce tax incentives similar to those that were in place for the three years ending 2003.

Incentives for sales of second-hand houses

Thailand

The incentives approved for re-introduction apply to sales of second-hand housed by individuals, and are similar to the incentives that previously applied for the three years to 2003. Whilst the incentives have not yet been enacted into law, it has been announced that the incentives will apply for the two financial years to 31 December 2007.

Stamp duty exemption

Thai law prescribes that stamp duty at the rate of 0.5% of the actual sales price or the appraised value of the Lands Department (whichever is the higher) is payable on a transfer of any right in an immovable property.

The Government approved, for persons selling a house or a condo and who buy a new house or condo within one year of the sale, the stamp duty will be exempted.

Transfer fee reduction

A transfer fee is payable at the rate of 2.0% of the actual sales price or the appraised value of the property by the Lands Department (whichever is the higher). The Government approved, for persons selling a house or condo and who buy a new house or condo within one year of the sale, the transfer fee will be reduced from 2.0% to 0.01%.

Mortgage registration fee reduction

The Thai law prescribes that a mortgage registration fee at the rate of 1.0% of the total mortgage value is payable to the Lands Department. Similarly to the above, the Government approved, for persons selling a house or a condo and who buy a new house or condo within one year of the sale, the mortgage registration fee will be reduced from 1.0% to 0.01%

Protection from abusive practices

For the above incentives to be claimed, persons must have their names entered on the household registration documents for at least one year after the purchase of the new property. Otherwise, the incentives will not apply, and the affected persons would have to pay the fees and taxes, together with penalties and surcharges at the rates prescribed in law.

Taxes on property sales

Sales of immovable property are subjects to personal taxes, where persons make such sales for a commercial purpose. The amount of the tax depends on the period of time the person was the owner of the property. The percentage subject to tax varies from 8% to 50%, and the taxes are applied to the taxable value at the progressive personal income tax rates ranging from 10% to 37% (the first 100,000 Baht being exempt from tax).

We wish to remind our readers that from January 2003, Section 42 of the Revenue Code was amended so as to exempt personal income taxes on the sale of immovable property that are principal residences and where another principal residence is purchased within one year.

Property Tax in Thailand

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How can a foreigner to finance a property in Thailand? Author: admin Sep 28

Foreigners generally can not finance a loan of Thai local banks for the purchase of real estate investments in Thailand. Most financial institutions in Thailand provide loans for property purchases in Thailand and Thai companies.

In recent years, Bangkok Bank (Singapore) has a loan program for foreigners with qualifications similar as in the West had. Fill out a request to present proof of income, tax returns and other documentation. With thisProgram can finance up to 70% of the purchase price of the house buyers. The problem with this program is that they are not always available, and as of this writing, the program was discontinued.

Thailand

In some resort areas like Pattaya, local banks have started loan programs for foreigners who live and work in Thailand designs. Kasikorn Bank, for example, allows foreigners who possess a work permit for two years or more mortgages to finance up to 50% of the value to obtain theSubject property. This program was launched only in early 2010 to life.

Determine the current global financial situation, the best you can explore your options directly with Kasikorn Bank, Bangkok Bank (Singapore) and other lending institutions on the status of a funding program in place that are available to foreigners.

If you can not get a mortgage to buy Thailand property of your dreams in Thailand, do not worry. You have several options.

Developer funding

Development finance has become more widespread in Thailand over the past two years. Offers 2 years to 10 years of financing available to buyers of new homes and condominiums in Thailand. These loans are available directly from the developers. Consequently, changes the structure of individual transactions.

An example of such program is The Meadows, a residential project in Pattaya. The developer has a 50% 3-year financing at 8% per annum. Although the term of the loan for these and otherThe program is not as long as conventional mortgages in the United States and Europe, these programs are useful.

Be wary of offers for "free finance" or "interest rate of 0%." Obviously, the purchase price in this scenario has been inflated to cover the capital costs for the developer. It 'better to negotiate the purchase price then negotiate the best deal possible funding separately from the price. Make a clear indication of the market and the market prices before accepting a financeAgreement.

Seller Financing

Individual owners have recently become more open to stimulate the growth of loans to buyers of houses and condominiums Thailand as a means to foster their interest in selling the property. With this agreement to sign the buyers and sellers is a contract of sale and a promissory note.

If you work with a broker, so they know you need the funding. You will probably have some inventory of items, where vendors areExtension of payment. If you are negotiating directly with the seller, just ask if they are willing to accept payment for a defined period and interest rate.

The financing of developers, negotiate the purchase price of the terms and conditions of the loan. Important to note is the fact that the seller continues to hold title to (Chanot) to the property until the loan repayment. Make sure your lawyer to check your address and providesthat all documents are updated and properly secured to protect your investment.

Other options

Generally there are two options available for foreigners in Thailand their home or condo to buy funds. Historically, many foreign buyers a mortgage against his property were transferred to their countries of origin. This is harder than ever before the economic crisis, but even as an option for some. Even with your bank to determine what programs are available forThem.

In some cases, the Thai wife of a foreigner to qualify for a mortgage. In such a case would be the purchase agreement (and promissory notes) to be executed by the Thai spouse. If the foreign national is to fund a substantial part of costs, the foreign registered long-term lease in his / her own name (with her husband in Thailand as "landlord" and foreigners as "Tenant"). Consult your tax attorney to minimize the effects of thisPlant structure.

It is also possible to structure a lease to afford your desired property. Existing structures are lease with option to purchase and long-term lease. Each lease for a period exceeding three years, can be registered on title to the land, who occupy a property right next to a contractual right house or condo. Most Thai local lawyers can handle this on your behalf for a small fee.

So do not worry ifYou can not get a mortgage for Thailand for the purchase of your property. There are options available. Working to help with a real estate professional, will find the best property and financing structure for you.

How can a foreigner to finance a property in Thailand?

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The condition of the property market in Pattaya, Thailand Author: admin May 30

Investing in Pattaya real estate market is anything new.

All the major players in the hotel industry worldwide have invested billions in Pattaya in recent years, there remains a shortage of hotel rooms in high season. Investors from Japan and Hong Kong are all very active in Pattaya use every opportunity to increase their capital. The fact is that even in a time when the dollar is weak, companies from the United States in line to invest in Thailand. Joint ventures betweenHeadquartered in Singapore and local real estate development company are common. Large supermarket chains like Tesco Lotus Carrefour of English and French are both present in December 2009 at a cost of 600 million baht, has opened its 44th store here in Pattaya Thai Macro. The group is building a new Hilton hotel on top of the new Central Festival shopping center.

Thailand

Consider the numbers that flock to Pattaya!

The tourism industry in Thailand in 2007 had about 5.6 million visitorsPattaya alone, and you can in this expansion, the large number of foreign multinationals have established their headquarters in the province of Chon Buri. They all need a quality housing, whether rented or purchased. Not working so much to see that the property market in Pattaya is lively.

Thailand offers a fast moving upward on a year business for more than 130 billion U.S. dollars available to 13 billion U.S. dollars profits, one of the highest growth ratesnone of the Asian countries. local requirements Pattaya trigger prices and demand is growing at an incredible rate. Investors have a feel for a deal. Therefore, mutual try putting a foot in the door and selectively Pattaya as one of their favorite locations in Thailand.

This means that land prices continue to rise.

Official statistics show that land prices in Thailand at the national level in 2007 from an average of 26.9 percent. There is noStagnation or decline, moving only a line of constant upward. This shows that the earlier you enter, the better the performance "

Why live in a condominium in Pattaya INVEST

Little Pattaya has many tourist wise in a year as a whole weather Costa del Sol, however, is far behind Andalusia. Statistics show that people go to Spain to the pleasant weather, but March and April can be extremely humid, and if you're unlucky you might even snow in winter. If you goPattaya, at any time of year, you know that the summer clothes in the luggage all you need and want a bathing suit is set for a good cause. Even during the rainy season in Thailand, the temperature remains the same and the rain rarely more than a couple of hours before the sun is back.

Then compare the prices to be paid in Pattaya for a villa of 360 square feet on 1500 square meters of land with lush gardens, a guesthouse, a large swimming pool with Jacuzzi, computer controlled irrigation system,Carport for 2 cars and a sliding door operated remotely, with the price to be paid in Marbella on the Costa del Sol

Probably you end up with a bill that is 3 times higher and the question is, would be primarily in the box – probably not. All the luxuries here in Pattaya for a fraction of what you might expect, they pay in America or southern Europe, in areas where tourists flock to a sunny climate.

As yourThe value of property in Thailand, the profit is yours when you sell. capital income in Thailand does not exist and the planned investment from year to year.

How to get into a condominium in Pattaya INVEST

In general, the study of "rock" facts and figures, a minimum of every investor is ahead of us to invest should do it anywhere. Successful investors always practical review of the entire economy of the country, region, city and its future prospects and also try toDetermine the actual state of the market.

The market in Pattaya is far from saturated and demand is greater than the condo market can support, particularly in the luxury segment of the elite. The market is still open.

As a foreigner, there are some limitations to buy land or a house on a plot, but you can own a new apartment / house in your name. Therefore, foreigners to buy condominiums as second homes or vacation to rest much higherNumbers in other countries where the purchase of land is without disabilities

The acquisition of land and a house is feasible, but it is a complicated process as a simple, easy shopping, condominiums are really the only way to go. We have no hesitation in recommending that potential investors in holiday homes, permanent residences or investments are not as satisfactory to buy more real estate developers matrix to meet their needs in the Pattaya real estate market.

HighQuality of property here in Thailand by property developer Matrix construction methods developed using the advanced state of the art, that the test of time. The interiors are finished with fine materials such as tropical timber, premium natural stones, ceramic tiles of first quality and superior quality sanitary ware. Each room has its own bathroom and have to provide only the general characteristics, when you invest in a house or a condominium building and developingarray of real estate developers.

The condition of the property market in Pattaya, Thailand

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Property in Thailand Author: admin May 27

One of the most beautiful countries in Asia, Thailand, a premier global tourist hotspot. Be it the coastal lifestyle or the mainland Thai locales, the entire country full of amazing spots that allure you no end. Thailand major USP is tourism and the government knows and has always promoted a global scale.

The response of tourists flock to the country has been overwhelming and it seems that in Thailand abundance year after year to come. PoliticalDespite the uncertainty shepherding the flock of tourists to the country on an annual basis. Although the country is not completely open, are full of foreign ownership of Thai goods, there is a lack of investor interest in real estate in Thailand.

Thailand

The fascination of Thailand

The special charm of Thai assumes much greater importance for the development of the whole region of south-east Asia. The miles and miles of pristine sandy beaches, including the famous Pattaya Beach, dotted with exquisitePalms have a unique and magical effect on visitors, which makes it a popular destination for honeymoon couples get married!. Phuket and Koh Samui have a special place for the coastal regions of Thailand.

Thai spas are renowned for its soothing, calming and relaxing effect on your tired body. This makes the country one of the best places in the world weekend to relax the tired mind, body and soul. The Buddhist monasteries provide an in-depth and well worth a visitat least once during your stay. As the main religion of Thai Buddhism is everywhere here in the way people live. It is no secret what the Westerners are attracted to Buddhism and Buddhists.

Although it is not an absolute monarchy, but Thailand has the world's longest reigning monarchy since 1946. It is a constant cause of some coups in the country in recent years has been. The country has also seen some of the worst natural disasters in recent times, asTsunami, SARS and avian influenza. But all this has almost zero impact on the minds of visitors to Thailand.

The capital Bangkok is like any other modern European city, with casinos, discos, pubs, bars, cafes, restaurants, theaters, massage parlors, cocktail bar and easily accessible. Thailand is also a paradise for shoppers in high quality leather and electronic equipment available at much lower prices than in Europe and the USA.

Regular flights to and fromThailand airports connecting major European, American, Australian and Asian cities have made a boom time for the Thai tourism and business.

Investment Property in Thailand

Unfortunately, the Thai government is not so open when it comes to Global Real Estate is inviting players for development purposes. There is a bar in real estate investment by foreigners in the Thai real estate. As an individual you can not own land, as well as society, only the Thai partner can own the landand also with significant restrictions. The Government is particularly strict in this sense, post-2006 coup.

The land the building may not be available for direct purchase by a foreign citizen, but you can certainly ownership of a lease of 30 years. Foreign buyers of condominiums may buy the condos as long as total foreign ownership is not more than 49% of the entire structure.

investments in Thailand in real estate should never be filled withoutSeek the help of local experts sent in real estate transactions. For the Thai real estate industry is largely unregulated and virtually any real estate transaction regulations in the country. While a lawyer is not a necessity for the completion of the contract if the documents are in Thai, it is best to hire a good translator or a real estate expert.

The best properties to invest in Thailand, resorts and other property rentals in prime timeTourist centers. A beautiful Thai villa you can for just € 121K in Chiang Mai, while a resort property is available from £ 50k. Condominiums in Pattaya are ready to £ 30K, while the villas for sale in Phuket difficult for the price of a minimum of £ 480K are.

These properties will ensure that you have a dominant rental income during the year, and you may also enjoy annual leave for a few weeks (or more!) In this type of accommodation pages.

It israther, the ground for a reasonable search of property lawfully acquired and, in spite of the tourist potential, there are many thieves and criminals waiting for the game on the gullible foreign investors will be able to. Investigate and research enough about the people and things that have to do. The laissez-faire policy and administration in various criminal elements, Thailand has led to the cave. However, if you approach the real estate transaction with due diligence,Chances are you would be able to do a good agreement and legitimate.

Property in Thailand

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Property in Thailand Author: admin May 27

This article was written for readers interested in finding information about real estate in the Kingdom of Thailand.

Thailand is increasingly becoming a destination of choice among international business activities, as well as retirees of the countries with the Association of Southeast Asian Nations (ASEAN). As a result, there seems to be continuing demand for condominiums in Thailand. In this context, the reader should be awarethe fact that the differences between the prices of condos and accommodations are provided of varying quality varies in a wide range of Thai real estate market. Sun customers should be careful what you are buying condominium, and only to take final decisions about purchasing property in Thailand in accordance with the due diligence and sound legal advice.

Thailand

One of the most important aspects of Thai real estate purchase for a foreign buyer in Thailand ChanotTitle. Such a title implies condominiums the underlying property. So, to be sure that its rights in a parcel of real property within the jurisdiction of the Kingdom of Thailand is a clear need, a Chanot act.

Some people discover their options real estate in Thailand decide to take a long term lease on a piece of Thai land to complete. In some cases, for a lease term of up to 30 years in normal circumstances and inspecial circumstances it may be possible to obtain a lease under Thai property for a longer period, although it is clear that such cases are rare.

Another commonly used tool of foreign nationals to property in Thailand to enjoy the usufruct. would in the case of many of the United States, something beneficial for the future interest commonly known as a "life sentence". The person in possession of a usufruct, the interior ofthe property for a specified period agreed by the parties. In the Kingdom of Thailand, permanent use rights are not entirely uncommon, but these claims may be more difficult than to secure agreement for a holiday in Thailand.

Hope to acquire property in Thailand would be prudent to carry out research and due diligence to the general situation will be informed in order to make informed decisions. In some cases,could be for foreign nationals to maintain the services of a law firm in the Kingdom of Thailand, with Thai and foreign lawyers on staff to be asked for advice on Thai get properties for sale from a variety of perspectives.

Property in Thailand

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Foreigners can own property in Thailand? Author: admin Mar 18

Question: Can a foreigner own a condominium building in Thailand?

Answer: The purchase of a condominium in Thailand is perhaps the most simple and easy for foreigners who want to own property. The only restriction for the purchase of a condominium in Thailand is that the percentage of habitable space to be sold to foreigners to 49% of the total space available in the complex and the funds are used to purchase the condominium from abroad and on delayed such as the oneBank Thai in a Foreign Exchange Transaction Form (Tor Tor 3). The owner of each condominium unit is equipped with a document (Chanot) clearly shows the foreigners as the legitimate owner of the output device.

Thailand

Question: What are the requirements for a foreign person or organization of a condominium in Thailand are available?

Answer: To be satisfied for a foreigner to purchase a condominium of the following conditions:

1: An alien who has permanent residence in ThailandAccording to Thai immigration law.

2: The foreigner is allowed in or resident in Thailand for Thai Investment Promotion Law.

3: A foreign legal person in accordance with the announcement of the Foreign Business Act BE 2542 (AD 1999), and had a certificate of investment promotion in the promotion of investment prescribed by law.

4: A foreigner or foreign legal entity that brings foreign currency into Thailand, Baht currency from the door orBehalf of a person resident abroad, or uses foreign currency from their deposit. This requirement is usually formed by presenting a Tor Tor 3, which is provided by an incoming transfers from abroad, are observed.

Q: If foreigners can own land in Thailand?

Answer: In a strict application of the existing law is officially prohibited for foreigners (both individuals and businesses), have a property in Thailand. However, there areExceptions to the prohibition found in the law itself. There are other methods of mediation for the purchase of land in Thailand.

The country has been changed so that foreigners in possession of land, when all the following conditions:

1. The land is for residential purposes.

2. The country does not exceed one rai (1 rai is about 0.4 hectares).

3. Not less than 40 million baht in Thailand supervision for investment.

4. Foreigners hold ministerialRegulations on the nature of the activities that the foreigners involved, the time for system maintenance, and the situation of the country too.

5. It is the authorization granted by the Board of Investment (BOI). According to § 97 of the Thai Land Law contains the definition of a foreigner a Thai company or partnership in which more than 49% of the shares is owned by foreigners or more than half the shareholders or members are foreignersCitizens. This does not happen often.

Question: Can a foreigner to buy land or property in Thailand from a limited liability company?

Answer: Yes, you can use a method for foreigners to buy land or property is protected by the formation of joint ventures with Thai majority ownership, but with adequate security arrangements for the participation of foreign minorities. If a foreigner wants to run a business in Thailand, he can buy the land through his Thai majority ownership companies apartments. The countrywill be one of Thai society, and not by individuals. It 'important that the Thai minority shareholder should not own more than 38%, as any foreign shareholding structure is higher than that usually by the State Department is investigating.

Question: What are the different types of rights of private land?

Answer: This country can be controlled by the right of possession or through title deeds and other documents. Person who is real and can have land useRight to the possession of such land under the Civil and Commercial Code. The primary form of proof of ownership of land has a title (or Chanot Nor Sor 4). These titles must be registered in the Department of Earth actions in the province, located in the country. It should be noted that a property can usually be held by more people. A person whose name was the title of any land or Chanot act is capable of generating all the rights for the country as evidence of titlegovernment officials can prove the land has clearly defined boundaries and may engage in acts on earth, as permitted by law.

Question: My wife is a Thai national can own land?

Answer: Yes, since 1999! Before 1998, no Thai who married a foreigner would lose the right to purchase land in Thailand. They could, however, still retain land before marriage to an alien in possession. The ministerial decree of 1999 now allows Thai citizens married to foreignersRight to buy land. The Thai spouse must prove that the money legally to buy apartments and land used by themselves without their alleged foreign to it. Usually this is through the foreign spouse signing a declaration that the funds are used to purchase property in Thailand with his wife was before marriage and also made his request.

Question: I am married to a Thai. We want a country house, is built by my mother. What is the bestRoad to my system (I'll pay for the construction of the house) after the dissolution secure.

Answer: The signing of a long-term lease with your wife and registration, the rent for the state police is the surest way to protect your investment. If you have a son who are their best on their behalf. You should contact an attorney who can advise in detail.

Question: foreigners may own buildings, even if you do not own the land?

Answer: Yes. Although Thai law prohibitsForeigners to own land in Thailand, foreigners have the right buildings. A common structure for the stranger in a long-term lease for the land by a Thai company or individual in power, and on the homepage, the alien must be built.

Question: Can I buy property in Thailand, while the country?

Answer: Yes. A person with a property, including a foreigner can buy property without at the time of registration of property purchase todayLand Department. This will be the appointment of a prosecutor, lawyer or other person doing to act on your behalf.

Leasing & Rentals

Question: Can a foreigner to enter into a long-term lease on the ground?

Answer: Because the barriers to the purchase of land by foreigners, one of the most effective ways to acquire land that a building resides on the "buy" the country on a 30-year lease with option to renew the contract lease for the next 30 yearsPeriods. Leases are limited to 30 years, except on land for industrial or commercial leases, which may be established for 50 years. Similarly, lease extensions 30 and 50 each are limited. Possession of the leased land for a building is already owned by the fact that the building is based on well protected, the ownership of the building is separated from the country and can not be seized by the landlord when the lease expires. Leases exceeding three years are only applicablethree years, unless they have registered with the Land Department. Therefore, a lease of 3 years or more to be registered with the Registry of Land. In addition to still be a lease, even if valid, the property is sold in the country.

Question: The long-term leases available condo?

Answer: Yes. Condominiums can be rented for the duration of foreigners up to 30 years and may have the option to renew. This structure is becoming increasingly popular for foreigners who "just" want aCondo in a building that exceeds the share of foreign ownership. It 's also a valid structure for the elderly or others who want to enjoy a property for several years, but do not want to buy a property. Leases of more than 3 years must be registered with the Land Department.

Question: Can a foreigner legally rent property in Thailand?

Answer: Yes. Foreign ownership can be rented to another third party. Rents are subject to a tax of 12.5% ​​onannual income.

Foreigners can own property in Thailand?

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Foreigners can own property in Thailand? Author: admin Feb 12

Question: Can a foreigner own a condominium building in Thailand?

Answer: The purchase of a condominium in Thailand is perhaps the simplest and easiest option available to foreigners who want to own the property. The only restriction for the purchase of a condominium in Thailand is that the percentage of habitable space to be sold to foreigners over 49% of the total space available in the complex and the funds are used to purchase the building and on days postponed as such by aBank Thai in a Foreign Exchange Transaction Form (Tor Tor 3). The owner of each condominium unit is equipped with a document (Chanot) clearly shows the foreigners as the legitimate owner of the output device.

Thailand

Question: What are the requirements for a foreign person or organization of a condominium in Thailand are available?

Answer: To be satisfied for a foreigner to purchase a condominium of the following conditions:

1: An alien who has permanent residence in ThailandAccording to Thai immigration law.

2: The foreigner is allowed in or resident in Thailand for Thai Investment Promotion Law.

3: A foreign legal person in accordance with the announcement of the Foreign Business Act BE 2542 (AD 1999), and had a certificate of investment promotion in the promotion of investment prescribed by law.

4: A foreigner or foreign legal entity that brings foreign currency into Thailand, Baht currency from the door orBehalf of a person resident abroad, or uses foreign currency from their deposit. This requirement is usually formed by presenting a Tor Tor 3, which is provided by an incoming transfers from abroad, are observed.

Q: If foreigners can own land in Thailand?

Answer: In a strict application of the existing law is officially prohibited for foreigners (both individuals and businesses), have a property in Thailand. However, there areExceptions to the prohibition found in the law itself. There are other methods of mediation for the purchase of land in Thailand.

The country has been changed so that foreigners in possession of land, when all the following conditions:

1. The land is for residential purposes.

2. The country does not exceed one rai (1 rai is about 0.4 hectares).

3. Not less than 40 million baht in Thailand supervision for investment.

4. Foreigners hold ministerialRegulations on the nature of the activities that the foreigners involved, the time for system maintenance, and the situation of the country too.

5. It is the authorization granted by the Board of Investment (BOI). According to § 97 of the Thai Land Law contains the definition of a foreigner with a Thai company or partnership in which more than 49% of the shares is owned by foreigners or more than half the shareholders or members are foreignersCitizens. This does not happen often.

Question: Can a foreigner to buy land or property in Thailand from a limited liability company?

Answer: Yes, you can use a method for foreigners to buy land or property is protected by the formation of joint ventures with Thai majority ownership, but with adequate security arrangements for the participation of foreign minorities. If a foreigner wants to run a business in Thailand, he can buy the land through his Thai majority ownership companies apartments. The countrywill be one of Thai society, and not by individuals. It 'important that the Thai minority shareholder should not own more than 38%, as any foreign shareholding structure is higher than that usually by the State Department is investigating.

Question: What are the different types of rights of private land?

Answer: This country can be controlled by the right of possession or through title deeds and other documents. Person who is real and can have land useRight to the possession of such land under the Civil and Commercial Code. The primary form of proof of ownership of land has a title (or Chanot Nor Sor 4). These titles must be registered in the Department of Earth actions in the province, located in the country. It should be noted that a property can usually be held by more people. A person whose name was the title of any land or Chanot act is capable of generating all the rights for the country as evidence of titlegovernment officials can prove the land has clearly defined boundaries and may engage in acts on earth, as permitted by law.

Question: My wife is a Thai national can own land?

Answer: Yes, since 1999! Before 1998, no Thai who married a foreigner would lose the right to purchase land in Thailand. They could, however, still retain land before marriage to an alien in possession. The ministerial decree of 1999 now allows Thai citizens married to foreignersRight to buy land. The Thai spouse must prove that the money legally to buy apartments and land used by themselves without their alleged foreign to it. Usually this is through the foreign spouse signing a declaration that the funds are used to purchase property in Thailand with his wife was before marriage and also made his request.

Question: I am married to a Thai. We want a country house, is built by my mother. What is the bestRoad to my system (I'll pay for the construction of the house) after the dissolution secure.

Answer: The signing of a long-term lease with your wife and registration, the rent for the state police is the surest way to protect your investment. If you have a son who are their best on their behalf. You should contact an attorney who can advise in detail.

Question: foreigners may own buildings, even if you do not own the land?

Answer: Yes. Although Thai law prohibitsForeigners to own land in Thailand, foreigners have the right buildings. A common structure for the stranger in a long-term lease for the land by a Thai company or individual in power, and on the homepage, the alien must be built.

Question: Can I buy property in Thailand, while the country?

Answer: Yes. A person with a property, including a foreigner can buy property without at the time of registration of property purchase todayLand Department. This will be the appointment of a prosecutor, lawyer or other person doing to act on your behalf.

Leasing & Rentals

Question: Can a foreigner to enter into a long-term lease on the ground?

Answer: Because the barriers to the purchase of land by foreigners, one of the most effective ways to acquire land that a building is on the "buy" the country on a 30-year lease with option to renew lease for the next 30 yearsPeriods. Leases are limited to 30 years, except on land for industrial or commercial leases, which may be established for 50 years. Similarly, lease extensions 30 and 50 each are limited. Possession of the leased land for a building is already owned by the fact that the building is based on well protected, the ownership of the building is separated from the country and can not be seized by the landlord when the lease expires. Leases exceeding three years are only applicablethree years, unless they have registered with the Land Department. Therefore, a lease of 3 years or more to be registered with the Registry of Land. In addition to still be a lease, even if valid, the property is sold in the country.

Question: The long-term leases available condo?

Answer: Yes. Condominiums can be rented for the duration of foreigners up to 30 years and may have the option to renew. This structure is becoming increasingly popular for foreigners who "just" want aCondo in a building that exceeds the share of foreign ownership. It 's also a valid structure for the elderly or others who want to enjoy a property for several years, but do not want to buy a property. Leases of more than 3 years must be registered with the Land Department.

Question: Can a foreigner legally rent property in Thailand?

Answer: Yes. Foreign ownership can be rented to another third party. Rents are subject to a tax of 12.5% onannual income.

Foreigners can own property in Thailand?

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