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Peterw42
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Posts posted by Peterw42
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52 minutes ago, CartagenaWarlock said:It validates all my assumptions about foreigners marrying people outside of their culture with limited communication channels between the two parties.
The OP is highlighting a problem between a Thai national, her ID card and Australian immigration, I don't know that being married to a foreigner, or communications between husband and wife, has anything to do with it.
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You present a passport to enter Australia. Why would you be presenting any other form of ID ?
And, that passport would have been presented to get an Australian visa. And if the passport was not in order, she wouldn't have got a visa.
Australian immigration do not ask for, or look at, Thai ID cards.
I'm calling BS on this one
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10 minutes ago, SGD said:You are all missing the point.
Currently, Thailand considers income earned over 12 months ago as capital and capital is not taxed.
Thus, if you can earn income tax free at source and then spend income earned 13 months ago, you legally have no tax to pay.
However, if Thailand changes their interpretation of capital or requires income earned anywhere to be taxed in the year it is earned, you would technically have to declare your income and suffer Thai taxation.
In reality, if you are paid into Hong Kong and transfer capital, no-one is ever going to ask you where the money came from because it is none of their business.The new laws changes the definition of capital, savings etc. Any money in any year, in to Thailand, is taxable no matter how or when it was earned. Its the whole reason we are discussing it
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OP, depending on who you are buying from, developer, agent etc, they can often provide a solution. Developers can generate the FET documents from their accounts and agents "know a guy in the bank" etc.
Otherwise, your bank will probably be able to help.
Also, any other money (car purchase etc) you may have bought into Thailand over time can generate an FET.
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I have not been for a long time, but I recall any requirement to stay overnight etc, came from the Thai side of things, cant leave then return on the same day. That was a long time ago.
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16 hours ago, Johnlkuk said:
Makes me now think I should have come on the forum earlier to see if this was acceptable first, before even proceeding.
So now potentially two hiccups when it comes to transfer day....
The general requirement is money into an account in your name, but the agent may be making special "arrangements" with the land office. The person to be answering your question's is the agent.
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1 hour ago, Johnlkuk said:
I tried to open an account there in May for the purpose of buying a condo, but was ill-prepared as I was only there on a visa waiver.
So the two small transfers (totalling around 10% of purchase price) I've made so far have gone to the real estate company. The remaining 90% will be sent there too.
And yes it was sent as £s, and with reference to buying a condo.
I think you will find the money has to go into a Thai account in "your" name, Then your bank generates the FET to show the land office.
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If the POA is filled in correctly then the land office will accept it.
What are you doing about foreign funds into a Thai bank, cashiers cheque for payment etc ??
A little hard to arrange from outside Thailand.
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11 minutes ago, Gee Bangkok said:
Deposit is paid to who? Seller direct?
Depends who you are dealing with, if an agent is involved then they may get a deposit. If dealing direct with the owner then you may pay a deposit to them. You can do the whole process with little or even no deposit, its really just a show of faith that you are serious and will be at the land office next Tuesday to buy.
You may want to check, but I think there are limits for wise transfers nowadays. For large amounts like a condo purchase it actually works out cheaper doing a regular (fixed fee) swift bank transfer, and its all correctly documented etc.
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OP, you will find not a lot of people bother with a lawyer, if its just a straight froward foreign title condo then its a pretty simple process. buyer and seller go to the land office together, property transfer wont happen if there is anything wrong with title, mortgage etc. You hand over the money when your name is on the title deeds.
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I have seen parking or storage included in a condos sq meters often in Australia, and that sq meters is also included when calculating the yearly condo fees.
A lot of condo blocks never have enough parking, having your own spot included on title is a bonus.
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Doing sublets is usually illegal, airbnb is illegal, doing any of the work like meet and greet, cleaning etc is illegal.
But besides that you are good to go.
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2 minutes ago, Muhendis said:
One small point.
KR 2 hasn't been required for a few years now. Immigration office computers have access to that information, but, as we all know, some offices have been known to invent their own set of rules. It might be an idea to check if it is still required next time you apply for your extension.
I've never heard of the databases being linked, Its certainly still required in Pattaya, and they probably do more marriage extensions than any other office.
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I'm on my 6th marriage extension, its really no big deal. 400k in the bank for 60 days prior, I print the same photos, documents every year. As others have said, 1st stop ampher as they open, to get kor ror 2, next stop bank for the letter, get to immigration mid morning, there is never much of a queue like the retire desk, all done and finished by lunchtime. start spending the 400k.
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24 minutes ago, Eddie45 said:
If I want to rent or buy a Condo on a tourist visa will I run into any problems.
No requirement for any visa, to rent or buy.
Buying would require a bank account which can be difficult on a TV, unless you use an agent
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The requirements can vary from immigration office to office. Best to mention the office you will be dealing with in person, or enquire direct to them.
Its easy to do it all on line nowadays, via website or app, and they list the required documents.
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Best to enquire directly with the embassy you are dealing with, as it will be a specific requirement set by them.
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Is it just me, or are others not getting the point of this thread.
It appears the OP just wants to let everyone know he has some money, and cant work out any of the 127 ways there are to buy something at 7/11.
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2 minutes ago, georgegeorgia said:
Do you out them in a real estate agents hands?
I have used an agent to find a tenant, but otherwise no.
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I live off a couple of rental properties, for me its been great. I bought 2 condos for 1.2 million baht each, and get around 8k a month in rent each. Outgoings are small, condo fees 12k a year, any repairs are cheap. I get around a 7% net return, way better than any bank interest or share dividends.
I would avoid places like nirin as they may be cheap to buy, but you get cheap rent and cheap tenants.
For me its a great investment and gives me most of my income to live here. Ignore the negative comments from people who dont actually own any property, just heard stuff from a guy in a bar.
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Thai wife's consent isn't required, but I think you will find the condo would be considered a marital asset, subject to 50/50 split in divorcee etc.
Maybe you are thinking about a document to make it not a marital asset, similar to what foreign husbands sign when a Thai wife buys a house during marriage
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5 minutes ago, Will27 said:
Do you make regular visits back to OZ?
If not, you're probably like most expats on here, a non-resident.
I have not been back in 5 years. I'm still a tax resident, I just did my tax return last week, and nothing has changed. I still meet the criteria via the ATO website.
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8 hours ago, KhunHeineken said:
They don't tax interest on savings. Really?
Link please?
Thats not what I said, I said saving are not taxed. and the first $20,000 of interest on savings is not taxed.
8 hours ago, KhunHeineken said:investment properties are not as lucrative as they once were. Taxes, fees, levies, rates, maintenance etc.
I find it very lucrative, As Taxes, fees, levies, rates, maintenance are all tax deductions. I get a solid 6% net return on the purchase price, and with the tax free threshhold, a tax free income up to $20,000 a year.
8 hours ago, KhunHeineken said:How does leaving money in Australia in a term deposit and / or buying a rental property, help someone remain a resident of Australia for tax purposes?
Remaining a resident for tax purposes is based on several criteria, some of them being, an income in Australia, doing tax returns in Australia, owning a Property in Australia. I have not lived in Australia for 10 years, but remain a tax resident. The ATO has an online calculator to determine tax resident status, and I meet the status because I still own a property.
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7 minutes ago, bigt3116 said:
https://thaiextension.vfsevisa.com/faq
If I stay in Phuket, can I apply for e-Extension through VFS website?
View less ↑
For now, applicant must have address in Bangkok only and must get sticker visa in Bangkok.
Marriage is listed under Para 2.19
I think that is talking about family member of a foreigner with permanent residence, not someone married to a Thai
Old condo buildings in Pattaya. Do you live in one?
in Pattaya
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A lot of the condo management companies are like mafia, once they get into a building they are almost impossible to remove, they control the meetings, the proxy votes etc. renovations get done by the the management companies other companies.