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Everything posted by Peterw42
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Irrespective of how you acquire a condo, purchase, inheritance, gift, won it in a card game. To have your name on the title deeds as the foreign owner, you need to show an amount of foreign currency transferred into Thailand equal to the land office value of the condo. Its for the very reason you outline, that you cant gift property to avoid the usual taxes, regulations etc .
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Any transfer of ownership will be seen by the land office as a sale, and the normal taxes and fees will be payable, The taxes, of around 5%, will be calculated on what the land office says the property is worth. The property can be willed to you, but I think you will find the taxes/fees will still need to be paid, and a foreign currency transfer shown for the amount of the condo valuation.
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As above, you don't renew an OA visa, you get an extension on your stay in Thailand for another 12 months. A lot of the agents are having trouble with the bank accounts at the moment so you may have to shop around if you don't have an established account. Also, if your original visa is an OA, any extension will be subject to the original insurance requirement, and agents wont be able to help with that. Otherwise any of the agents mentioned above will be able to help.
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Op, not much difference between standard laptops nowadays, and most come out of the same 2-3 Chinese factories. On Monday they are making Acer, on Tuesdays they are making Lenovo, dell etc. Branding doesnt mean much, and all the internal components are identical. Just go with the cheapest, and look for things like warranty, local service center etc
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Usually the first 90 day report, after re-entering Thailand, needs to be done in person. Then subsequent reports can be done online, mail etc. The requirements can change with the wind, so the definitive answer would be to ask the immi office
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New passport, how to change drivers license
Peterw42 replied to pattjock's topic in Thailand Motor Discussion
I imagine its just your passport, but they could require other documents like a Res cert. These requirements change on a regular basis, so probably best to ask the DLT direct. -
30 year lease agreement
Peterw42 replied to novster's topic in Real Estate, Housing, House and Land Ownership
You can download templates from the internet, In English and Thai, add or removed clauses, both sign, then lodge at the land office. -
My landlord is raising my rent.
Peterw42 replied to Fabio1980's topic in Real Estate, Housing, House and Land Ownership
check what's written in your lease, there is usually a paragraph covering rent, increases, penalties etc- 21 replies
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Bombshell: Obama & Crew knew all along, Russia Russia was a hoax.
Peterw42 replied to riclag's topic in Political Soapbox
So Obama knew "before" the election results, that Russia didn't effect the election results. That is some next level denial, denial of something that hasn't happened yet. MMMMMM Kool aid -
I think you will find the land office will see the transfer the same as a sale, and they will want all the usual taxes, transfer fees and duties. Otherwise everyone would be declaring a name change rather than a sale. Otherwise, a lawyer could do the transfer/sale with Power Of Attorney (POA) documents and authority.
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Buy a condo, no visa needed?
Peterw42 replied to sqwakvfr's topic in Real Estate, Housing, House and Land Ownership
Its only bridges that allow a stay so long as you own one. It just so happens, I have a bridge I can sell you. -
Crime Former U.S. Soldier Arrested After Disturbance at Pattaya Beer Bar
Peterw42 replied to Georgealbert's topic in Pattaya News
Ex military guys usually have a level of discipline, composure etc. -
The maintenance guys should only be working on common property, or as scuba says, common property that may be within a condo like pipes in ceiling. It may be that the condo office is using the maintenance staff to run their own little handy man business, and pocketing the funds. It can also be that the committee are part of the little enterprise. Otherwise, its something that the committee should be sorting out.
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Thailand in general, is not a year on year capital gain market. its a buy to live in or rental investment market, there are even specific taxes to stop flipping properties for profit. Thailand has one of the highest home ownership rates in the world, around 70-80%, and new stock is always being built so there is never a supply problem to push prices up. Actual prices can often be the same as 10 years later. There are always stupid listed prices that are never achieved so foreigners see that as the market going up. Foreigners often think the Thai market is just like home with percentage gains every year, and they often pay way over what a property is worth, only to find out years later they paid to much and have no chance of selling.
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New house build cost?
Peterw42 replied to EVENKEEL's topic in Real Estate, Housing, House and Land Ownership
Maybe contact a builder for up to date pricing. A little hard to give prices without knowing what materials, design etc. https://pattayahousebuilder.com/ -
Transfer ownership of sor kor 1?
Peterw42 replied to sanook 1's topic in Real Estate, Housing, House and Land Ownership
A quick google search give lots of information about Sor Kor 1 document, the land is not owned, the document is a record of who occupies the land. While Sor Kor 1 (ส.ค. 1), a land claim document, is not a title deed and doesn't signify ownership, it can be transferred, but only in a limited way. Specifically, it can be transferred by inheritance or by the current holder physically handing over the document and possession of the land to another person. However, it cannot be legally sold, mortgaged, or transferred in a formal way like a title deed. -
As others have said, its usually best to check the requirements of the office you will be attending. Its not usually the drama people make it out to be. I do a marriage extension in Pattaya every year, they require all the usual documents, passport, tm30 etc, Bank letter stating 400k funds for 60 days, also want a kor ror 2 (proof still married) from the local ampher . Photographs showing you and wife at your house (standing in front of the letterbox showing house number, sitting on the lounge etc, i submit the same photos every year). After submitting the documents immigration visits your house in the next couple of days, just to check you haven't hired a local bargirl to pretend to be your wife. a couple of weeks later go back to immigration and get 1 year stamp. I literally do it all in one day, start at ampher when it opens, then to the bank, then to immi office.
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Last week condo tax, now land tax?
Peterw42 replied to inf's topic in Real Estate, Housing, House and Land Ownership
No such thing as a Condo tax. There is land/property Tax, usually only a couple of hundred baht. -
Trump's crackdown on LA protests is pure hypocrisy
Peterw42 replied to TheAppletons's topic in Political Soapbox
The absolute irony is, all the maga 2nd amendment fanboys don't realize this is the very reason they have "the right to bear arms". Its for if/when the government uses the army against its own citizens, you can fight back.- 479 replies
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