Posts posted by Peterw42
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13 hours ago, LivinLOS said: He claimed that one advantage of a superficies over a usufruct is that it can be registered, in perpetuity (lifetime) to a non Thai corporation..
Yes, a foreign company can hold a right of superficies (สิทธิเหนือพื้นดิน) in Thailand to legally own buildings or structures they construct on land owned by another party, separating building ownership from land ownership. This right is a registered real right, often utilized for long-term commercial projects, and is valid for a maximum of 30 years (renewable) or for the lifetime of the owner/grantor.
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12 minutes ago, KhunHeineken said: If an accountant puts the tax law in front of you and says, "You should be paying this tax." Is he wrong? Is he scaremongering? Is he unprofessional? He can be creative with his accounting, but he can't change the law, and advising you to go outside the law, or around the law, thus evade paying tax, is not only unprofessional, but criminal.
ITS NOT LAW !!!!
What part of "proposed, unchanged, unpassed, and speculative" dont you understand ?
Why do you insist on posting this stuff, that will most likely never happen?
Im with @Nemises , this rubbish should be stopped, it just wastes everybody's time
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24 minutes ago, KhunHeineken said: Professionals are still discussing it, and warning their clients.
Here's a new one from the first page of a Google search. It's dated 26th November 2025, so less than 2 months old.
https://www.aimsaustralia.com.au/australias-new-tax-reality-strict-professional-compliance-meets-proposed-residency-reforms/
"Current Treasury updates suggest these measures, if enacted, would likely not commence until 1July 2026 at the earliest."
You do realize expat pensioners are non residents for tax purposes, and should have already been paying non resident tax, don't you? I have posted several links from the ATO and youtube videos about it.
So, it's not only what you will be paying, it's what you should already be paying.
They are accountants trying to scare people into using their services. Actually very unprofessional behavior.
Expat pensioners can remain tax residents, saying otherwise is just misinformation.
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Clickbait content. The usual misinformation about foreign quota, build quality, developers etc.
Thai Condos are not an investment vehicle, they are to live in. Capital gains, yields etc are largely irrelevant. They are cheap to buy, cheap to maintain, renovate.
Thailand has one of the highest percentage of home ownership in the world. Condos are largely a residential market, they don't buy them to beat the dow jones
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6 minutes ago, Celsius said: That's what I have been doing for years and then get told I am a bad expat to game the system. Sometimes I would even pay no fine by exiting the country and confusing the immigration computers. 2 years without 90 day reports and no fine.
How did you get your yearly extension done without a 90 reports being done. Its one of the first thigs they check.
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OP, you may want to get hold of the condominium act, freely available online and in English. The act covers what the juristic can and cant do. Pretty sure there is a whole section on the juristic enforcing rules/fines etc.
The Condo block will have a set of bylaws already in place, and probably has a law covering unattended mail, rubbish etc. You may want to ask for a copy of the condo bylaws.
https://www.samuiforsale.com/law-texts/new-thailand-condominium-act-2008.html
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Most banks issue letters rather than an FET nowadays, But the money still needs to come from abroad. It used to be the case that some banks could arrange a letter/FET by sending funds to one of their international branches.
Technically, you can use a record of any money that you have brought into Thailand, to produce an FET.
I purchased a Condo years later, using the record of the 800k I originally bought in for a retire visa. If your local branch wont create an fet from old deposits, go and see the main branch in your area.
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There is a bit of history to be aware of, in 2020 TCL bought Samsung and LGs LCD screen factories and all the patents. So TCL is now the worlds biggest LCD screen manufacturer, and now makes all of Samsung's (and others) LCD screens, Samsung and LG still makes most of their own O/QLED screens, and even make them for each other.
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A big thing to consider nowadays is the operating system and ram/rom memory. TCL etc are usually android OS with playstore , so can load up all the usual streaming apps (can even run email/banking apps), but they can be a little lite on memory so a couple of big apps , apps with big libraries (like Kodi) , and you can start running out of memory with no/limited options for expansion. LG on the other hand, run their WebOS operating system which doesn't have access to playstore and can be very restricted with the apps you can run, and even less options to manage memory.
One of the main specs to look for nowadays is plenty of rom/ram, and a decent multicore processor.
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7 minutes ago, JBChiangRai said:I forecasted a war to suspend the mid-terms many months ago, is it coming?
And then invade Greenland, Mexico, Canada to cancel the 2028 election.
And since its a state of war, all sorts of magical presidential powers open up.
Pretty sure if you look up "bleeding obvious" in the dictionary, it states the same.
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9 minutes ago, FolkGuitar said:This madman could rape a 12yr old boy on the White House lawn, and his followers would just excuse it and move on. It's the nature of the supplicant to the Leader.
THAT is just about the level of morality we so visibly see every day in the RedHat Brigade.
That's not exactly how it would happen, first it would be fake news, then it would be Obama's fault, then it would never appear on fox, Then he would sack the guy that looks after the whitehouse lawn.
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I think you will find a letter is pretty standard nowadays, last condo i purchased was a letter rather than an FET, but best to check what your local land office wants, as they can all have differing requirements.
Also, land offices will want to see the funds converted to Baht, not sitting in a FCD account, besides, you cant pay with a foreign currency anyway.
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8 minutes ago, NoDisplayName said:
Dead people don't wish.
We estimated that at least 232,000 deaths could have been prevented among unvaccinated adults during the 15 months had they been vaccinated with at least a primary series.
Lets not let the facts get in the way of a perfectly good conspiracy theory.
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If buying from a developer then the money can be sent to them and they generate the FET. Just need to make sure you are clearly listed as the sender of the money, from an account in your name in home country, tagged as money to buy condo etc. Transfer companies like Wise usually don't work as the sender is Wise.
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1 hour ago, angryguy said:What i see myself is all that i believe. Which is why i find thailand expats arguing about american politics to be a bit ridiculous. Many of these europeans have never even been to the US.
Also common sense goes a long way, something this forum really lacks as well
Most expats have a vested interest in US politics, because it directly impacts their lives, currency values, stock markets, world economies etc. Living off investments, share trading, crypto, exchange rates etc, can all change in a heartbeat every time Trump says/does something stupid. That's why we argue about US politics, it directly effects us.
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9 minutes ago, TedG said:Only congess can spend money.
The U.S. Constitution, in Article I, Section 9, Clause 7, states, "No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law". The Founders included this provision to ensure that the executive branch could not spend taxpayer money without authorization from the people's representatives in Congress.
Only Congress can impose tariffs as well, but that doesn't appear to worry trump.
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buying a condo, as a foreigner, without FET, possible ?
in Real Estate, Housing, House and Land Ownership
I suppose you would just ask at the front counter for the person that does the FETs.
You could start by opening a foreign currency deposit account. I keep my funds in $AU in a BKK bank foreign currency account, and transfer/exchange it to a baht account as needed, this transaction is a foreign exchange, so in theory should be able to generate an FET.
You can move/exchange baht into the foreign currency account. I sold a car and put the baht into $AU (this acct is also my money to show immigration for visa).
If nothing else, the money will already be in a foriegn currency if you do need to send it out/in.