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Everything posted by Peterw42
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As the buyer you would usually only pay half of the 2% transfer fee. All other taxes etc would be the responsibility of the seller (the company). However, the seller may try and get you to pay half of everything. Its not the standard practice but many sellers try and do it. And unfortunately, some buyers being unaware, do pay half of the sellers taxes. Specific Business Tax 3.3% : the seller's duty Stamp duty .5% : the seller's duty Transfer fees 2% : the buyer's duty or shared Withholding tax (income tax at nominal rate) : always the seller's duty Any sales contract should state "Buyer to pay only transfer tax, all other taxes paid by seller"
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Changing an Extension of Stay
Peterw42 replied to maxx58's topic in Thai Visas, Residency, and Work Permits
OP, Not sure that immigration "prefer" retire extension. Its just two different extensions with two different requirements. You are free to switch between both extensions. Nowadays with possible insurance, and extra money seasoning requirements, marriage extn isn't so bad. a couple of extra documents. I know in my immigration office, the retire desk can be very busy with a queue, while the marriage desk is never busy. Any immigration changes have a history of not effecting marriage extensions. -
1 Year Old Condo
Peterw42 replied to Pravda's topic in Real Estate, Housing, House and Land Ownership
OP, its rising damp, Water is sitting on the floor slab and the pourous concrete walls act like a sponge and soaks/draws up the water, in the bathroom case there is a water leak, tiles possibly need re-grouting, a leaky pipe in a wall etc. There is a leak, the water has nowhere to go, the water sits on the floor slab, the wall soaks up the water. Does water collect on bathroom/shower floor and not drain away The air-conn is the refrigerant pipes in the wall getting cold and condensation forming on the pipes, ie: another form of water damage. This is usually a sign that the gas is low or the indoor condenser unit it dirty, how long since its been cleaned.. Or, a leak/blockage in the water condensation drainage pipe. -
Cost for transfer land titles?
Peterw42 replied to sanook 1's topic in Real Estate, Housing, House and Land Ownership
A big difference between a gift and a genuine inheritance. If mum/dad die and have willed the family home to the children, little to no tax etc. IF mum/dad are still alive and own 10 rental properties, and want to transfer one to a child, then probably the usual taxes. As a side note, there is currently a reduction in the 2% transfer, down to .1% as a covid/ economic stimulus package. -
Does Dating online in Thailand and Asia really work?
Peterw42 replied to webfact's topic in ASEAN NOW Community Pub
I met my (non-bargirl) now wife of 8 years on a dating site. I filtered out the hookers and she filtered out the guys looking for hookers. Unfortunately some of these sites are dominated by the sex industry and there customers, but if you are genuine, you can find genuine. I met and dated, not only my wife but 20-30 genuine normal Thai girls, schoolteachers, office workers, business owners, even a girl from immigration. Given that normal Thai girls dont hang in bars, are probably working all day etc, its probably one of the only avenues available to meet them, unless you want to strike up a conversation on the BTS, in a supermarket etc. -
Yellow house book requires long term visa
Peterw42 replied to thaibook's topic in Thai Visas, Residency, and Work Permits
Usually issued by land office when you buy the condo, but otherwise local amphur could probably issue a new/replacement book. -
Cost for transfer land titles?
Peterw42 replied to sanook 1's topic in Real Estate, Housing, House and Land Ownership
Any transfer/taxes is calculated on either the land office appraised value, or the sale value, whichever is higher. You cant sell a property for 50 baht and pay no tax. There is a basic 2% transfer fee and .5% stamp duty, some other taxes that may apply in different circumstances, rental property etc. https://www.samuiforsale.com/knowledge/real-property-transfer-taxes-and-fees.html -
Yellow house book requires long term visa
Peterw42 replied to thaibook's topic in Thai Visas, Residency, and Work Permits
I did the same, vaccinated on day one of the rollout, using pink ID -
Yellow house book requires long term visa
Peterw42 replied to thaibook's topic in Thai Visas, Residency, and Work Permits
Its an ongoing discussion as to the usefulness of yellow book/pink ID. Personally I have found it very useful, others report different. To get the full benefit, you need to move things like bank accounts, license etc over to yellow/pink (name in Thai). -
I do marriage extension every year, its not the huge drama people make it out to be. A couple of extra documents and maybe a quick home visit, but its less money (for less time) in the bank, no insurance requirements, can work etc. This years extension, due to covid, I was in and out of the immigration office in 15 minutes, later that same day a 15 minute home visit to the condo office, a couple of photos and the office staff (witness) ID etc, done for another year. Its like anything, the extra checks exist because the system has been abused in the past.
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Yellow house book requires long term visa
Peterw42 replied to thaibook's topic in Thai Visas, Residency, and Work Permits
Blue book has nothing to do with property ownership, it simply lists the Thais that live in the property, owner or renter. A Chanote is the property title deeds for ownership. If a Thai moves into a property, the owner takes their chanote to the local ampher, proves ownership, then adds the Thai person to the blue book. This is exactly what I just did last week, my wife sold her house where she was listed in the blue book and (officially) moved into my condo. For 5 years prior the blue book was blank, I was listed in the yellow book -
Yellow house book requires long term visa
Peterw42 replied to thaibook's topic in Thai Visas, Residency, and Work Permits
Any Thais that live in the property would be listed in the blue book, any foreigners that live in a property (in theory) are listed in the properties yellow book. -
cost of transfer tax
Peterw42 replied to Harveyboy's topic in Real Estate, Housing, House and Land Ownership
https://www.pattayamail.com/thailandnews/thailand-cuts-property-transfer-and-mortgage-fees-to-stimulate-economy-386597 -
cost of transfer tax
Peterw42 replied to Harveyboy's topic in Real Estate, Housing, House and Land Ownership
You still wouldn't get it as it only applies to Thais -
cost of transfer tax
Peterw42 replied to Harveyboy's topic in Real Estate, Housing, House and Land Ownership
It was initally only for new builds, has been updated to be all properties under 3m -
How can you short bitcoin ? There is no CFD or futures market for bitcoin. Short selling involves a contract for a future value, who is writing the contract
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I think any price would come down to what these storage rooms actually are, in a legal sense. Do they have there own chanote etc ?? Are they registered properties at the land office. Do the owners pay per sqm condo fees, can I buy one and start parking a car, using the pool and the gym etc It may be some sort of leasehold, from the condo block. Otherwise, I dont think there would be any rule of thumb for the price, just simple supply and demand.
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Its hardly a dip, its down 50% from November last year
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You are wrong, Tulip bulbs are a tangible asset and actually had an inherent value.