Peterw42

2 hours ago, billaaa777 said:

Thankyou in advance. If you sell a condo and deposit that money in a bank, will a be able to get a letter from the bank so that I will be able to buy another condo without having to wire additional funds into Thailand?

I think you will find it comes down to your bank and the local land office. 

1 hour ago, sanook 1 said:

We have a storage room in the house that gets very hot sometimes. There is no ac or Windows(and dont need also). Thinking about wall ventilator fans,would it make a big difference? One ventilator fan to blow the air out only,or 1 for outside air in also(2 fans total)?

Is there a ceiling and roof above? can you put in a ceiling extractor fan (heat rises), and/or a wind powered whirlybird extractor

9 minutes ago, LOG54 said:

Hello

When I transfered the property to my buyer in Sattahip the Land Office did not issue a blue book.. just amended the channot.

The transfer was done by the real estate company. Don't know if they had to ask for it and if it still can be obtained there ?

Have a good day

Not all land offices will provide a new blue book at transfer, obviously sattahip is one of the offices.

As mentioned above, the new owner simply has to go to the ampher tessaban, with their channot, and request a new book.

9 hours ago, LOG54 said:

Hello,

 

I have a condo (farang quota) and my buyer (farang) insists in getting the condo blue book I never had myself.. The condominium is 30 years old and I imagine it has been lost a long time ago but never affected the property transfer including this time.. Is it possible to get a duplicate of the blue book somewhere ? Or does the buyer have to do directly a yellow book..

To get a yellow book I think a non immigrant visa is required ? Can the new owner get it with a tourist visa ? I imagine I cannot do it anymore as I am no more the owner

Thank you

Have a good night

 

In places like Pattaya, a new (blank) blue book is issued when the property is transferred, but otherwise, as others have mentioned, a replacement can be obtained at local ampher/tessabaan.

You may want to point out to the buyer that blue book has nothing to do with ownership, and is somewhat irrelevant for a foreign quota condo with no Thais living there.

Also, you are confusing having a yellow book for a property going in a yellow book.  You can usually get a yellow book issued for a property, at the same ampher/tessabaan. Being listed in a yellow book is a different matter and the requirements are different at each office.

1 hour ago, LukKrueng said:

If both of you are listed as equal owners that means half the condo is yours and the other half hers. If she passes away without a will, her half goes to neutral heirs: 50% of her half goes to you as the husband (so you already have 75% ownership of the condo and basically everything else you bought after you got married). The other 50% of her share is divided between her children and other surviving members of her family ie parents and siblings, so in the worst case scenario they can claim that part but they have no claim over your 75% of the property. It might be better to have a will, but they might also challenge the will at court.

 

 

Nothing to do with Thai\foreign quota

It has everything to do with Thai/foreign quota, if its a Thai quota bought through a company then the foreigner only owns 49% of the company/property, and cant ever own the other half. You cant will/inherit the Thai 51% of a company.

13 hours ago, SailingHome said:

How does this work? If they're not built yet you essentially pay a certain amount per month until they're finished and that's your down payment?

Its usually 2-3 payments, a deposit, then progress payments. So much down, a percentage when the building is complete, balance when title is transferred.

There are 3-4 taxes when you sell a condo, and they are subject to individual circumstances. One of the taxes is on profit, but varies over time, if you live in the property, other income etc.

One thing to keep in mind is taxes are calculated on what the land office says a property is worth, not what you say its worth.

https://samui-island-realty.com/thailand-property-taxes-fees/

16 minutes ago, aldriglikvid said:

Good news! 

A small follow-up: are Wise transfers considered international transfers? 

Obviously I'm the clown here, not making proper arrangements and research before transferring. 

Unless otherwise specified, a lot of wise transfers can be local transfers into your account. From memory, you can specify when transferring that its shown as international transfer. (you can chase up wise after the fact and they will give you documents to verify int transfer)

Otherwise, your bank should be able to add up past international transfers and give a letter/FET for the land office.

Stating that the money is to buy a condo is a Thai central bank requirement, not a land office requirement.

I have purchased two condos and never put "to buy a condo" on the transfers, in fact I used my original 800k transfer for retire visa as part of the shown transfer funds.

I live very close to this crossing, and cross a couple of times a day. It is a crossing at a very busy road and intersection. Its stand still traffic night and day, and you are often stuck at a stand still in the middle of the tracks. I have been stuck on the track with the gates coming down, it happens daily, usually the gates sense the cars and don't come down, gates open train gets a red light, gates closed train gets a green light, often the trains are usually coming through at a walking pace and just come to a stop if the track is blocked.

Its a little un nerving looking down the track at a train stopped a couple of hundred meters away.

I think there is more to this story, someone has tried to run the gauntlet after the gates are closed, or some sort of major failure with sensors/signals.

Does ChatGPT give ridiculous arbitrary answers to questions, based on clickbait information from a vocal minority.

YES

There is no definitive way of knowing if an agent is authorized by an owner, as above, stick with large reputable agents that deal exclusively with foreigners.

There is no list of things that "must" be included with a lease.

100s of people rent properties every day with no problems, instances of fake agents are very rare, and not as common as clickbait social media posts would have you believe.

You probably need an accountant to be structured correctly to claim mortgages/expenses against income etc.

There is information on websites like below about the tax system and deductions. It appears, for an individual, only mortgage interest is deductible . Otherwise it appears a rental property would need to be set up as a company to get full deductions for mortgage, expenses etc. Which sort of makes sense as an individual isn't a business.

https://phuketrealtor.com/blog/tax-on-rental-income-in-thailand-what-should-you-know

https://www.expattaxthailand.com/thailand-expat-tax-rates-allowances-and-deductions/

4 minutes ago, mdr224 said:

Nobody watches harris interviews anyways. Nobody cares what she has to say. Her streamed rallies get barely any viewership compared to trump

 How could you possibly know how many people are watching either candidates streams ?

You would have a hard time finding long-term leases that allow subletting of the property. You cannot work in Thailand, including meet/greet customers, cleaning etc. 

And the big one, Airbnb is illegal in Thailand, for stays under one month.

Also, Airbnb works where accommodations are in short supply and expensive. There are 1,000s of great cheap hotels, resorts, in Thailand, pretty much negating any demand for Airbnb.

29 minutes ago, georgegeorgia said:

Probably be better off financiallu if you can get the Disability pension,I believe you can also receive it living  overseas ?

I'm thinking about going for the DSP and not touching my super 

 

You cant get disability pension overseas, that was shut down years ago.

27 minutes ago, Nemises said:

Nice!

 

Whilst on Newstart, do you know if they made him report in person every fortnight to his local Centrelink office for those 2 years?

I think you will find once you are over 60 the in person reporting and looking for a job etc goes out the window, but they point you towards volunteering.

1 hour ago, rhodie said:

They can return anytime. If they return at age 67 or later, they will receive the full pension as soon as their application is finalised. They will get the full pension, if eligible, while in Australia. If they leave after 2 years on a portable pension, the 35 year rule kicks in after being out of the country for 6 months, but, if they have 35 years of working life in Australia, they continue to receive the full pension.

The 35 year rule has nothing to do with pension being portable or being cut off if you leave. 35 years is the minimum time you are required to be working (available for work), to even qualify for a pension.

As above, if someone leaves Australia aged 40 and doesn't return until 67, then they haven't put in the required years to even get a pension, let alone making it portable. Even if they started working at 15, that 25 years working.

10 hours ago, KhunHeineken said:

You haven't answered the question. 

 

Example:  Say one's pension age is 67.  They have been outside of Australia since their mid to late 40's, for whatever reason. 

 

How long before the day they turn 67 should they return to Australia to guarantee portability on the day they apply, and receive, the aged pension?   

They would need to return to Australia at age 65, 2 years prior. 

If they have been out of Australia since their 40s, then the probably haven't put in enough years to get a full pension, IIRC its 35 years.