Peterw42

3 minutes ago, GammaGlobulin said:

In fact:

 

Compared to BECK, Clapton just plays BubbleGum.

 

This is a fact.

 

 

No, its not a fact, its an opinion.

24 minutes ago, GammaGlobulin said:

Compared to Beck, Clapton was always a Bimbo.

 

Anyone who has ever held a guitar knows this.

 

Clapton was the Bimbo.

 

Beck was the MAN!

 

 

I think if you looked up arbitrary comment in the dictionary, it would reference this post.

Its a personal opinion. I would consider Clapton a way better guitarist, at least he steps out of pentatonic scales now and then, and manages to play without a tremolo most of the time.

Clapton has sole, unique phrasing and is immediately identifiable, Beck is very good but mostly just noodles around in pentatonic scales with a tremolo, not much that is uniquely different.

Any of the options on the invoice involve a Thai bank. The Condo office would also accept cash. So long as you get the account details (swift code etc), you could transfer money from UK.

OP, google lists things that appear on the internet, if the goods, service, product have never appeared on a website, buy/sell site etc, it wont appear on any google search.

Also, there are several tools and advanced search options on google where you can filter results, specify language, location etc.

If you are shopping for a specific product then maybe Lazada or similar would be a better place to look.

12 minutes ago, Mickeymaus said:

When I bought my condo I was advised to clearly write at the transfer that this money is for purchasing a condo, 

How and where did you write that reason ? My bank doesnt even give an option to write your own reason, they just allow to choose a reason from a pull down menu, (wages, tax, gift etc)

12 minutes ago, nigelforbes said:

I hear what you say but the banks are agents of the BOT, the banks have to decide if they are able to issue the FET or not. There is also a test of reasonability involved and asking for an FET to buy a condo using money that was previously declared as living expenses doesn't pass the sniff test! At a minimum, such an action will likely generate an investigation or a review of how that money was used, it may also raise money laundering concerns, it certainly would with me.

As I said, I have purchased 3 condos, and never specifically written any property buying statement on any transfers, and never had a problem getting FETs.

In fact, I couldn't write a statement even if I wanted to, when I transfer my bank gives the option to choose 3-4 choices from a pull down menu and thats it, no choice to write your own reason.

If I recall correctly, the bank actually asks and then adds the condo details when the produce the letter/FET. ie: (condo 123, acme condos). They dont get it from the original transfer record.

1 minute ago, nigelforbes said:

I'm not too sure about that. 

 

If the stated purpose of the transfer was Living Expenses, that money is presumed to have been spent. I don't think it's possible to gather 10 years of living expense transfers and then demand an FET for a similar value and claim the money wasn't spent.

The stated purpose of a money transfer is a Bank of Thailand, anti money laundering requirement, as it is with most countries central banks. There is no law that says you can only spend money on what reason you said at time of transfer. That reason usually doesn't even appear on your bank statements.

The land office just want proof of foreign currency, they dont insist on a statement of intent.

I have purchased 3 condos and never put "buy a condo" on any transfers.

1 hour ago, Mike Teavee said:

So if I've understood correctly, I've been transferring money over for years (past few years using the "Funds for Long Term Stay in Thailand" reason to ensure it shows up in my Bangkok Bank account as a foreign transfer - FTT) so can just go into the Bank and ask them for a letter confirming how much I've transferred into Thailand and use this for a Condo Purchase?

 

 

 

Will the fact that all my money comes into my Savings Account but I've transferred the majority of it into a Fixed Deposit account (Both Bangkok Bank) change anything?

 

E.g. Lets say over the years I've transferred 8Million from UK/SG (all FTTs), spent 3Million on living costs, moved 4Million into an FD account & have 1Million in my savings account will the bank give me a letter saying

1. I've transferred 8Million 
2. I've transferred 5Million (The amount of money across both accounts)
3. I've transferred 1Million (The amount of money left in the account that I made the transfers to)

NB... These are all made up numbers, I'm just trying to understand my position as I was thinking that I had to send all of the money back to the UK & then bringing it back in again as a single transaction for the purchase of property but if I can use the money already here that would save a lot of hassle (& FX charges/losses). 

 

 

TIA

 

 

MTV 

 

 

 

 

 

 

 

 

 

Yes, the bank should be able to use any of those past transfers to do an FET.

9 hours ago, Capitalist said:

Just out of curioisity. How long did your condo take to sell? From listing to finalization. And where was it? Any more info appreciated, as I’m currently thinking of buying one, and considering the long term scenarios.

The condo was in Jomtien, I sold it to a neighbor, I sold it for the same amount I paid for it 8 years ago, mentioned I wanted to sell on a Monday, and we were at the land office the next Monday completing the sale. The actual sale/ title transfer can be done in a few days.

Finding a buyer may be different, but everything sells quickly with the right asking price. If a property takes time to sell, its because the seller isn't being realistic about the price.

4 hours ago, omnipresent said:

Does the Land Department really check for the "Purchase of Property" description? I had brought in funds via SWIFT in the past for extension of stay purpose, but was thinking of including them now for property purchase.

No, the land office doesn't check the "Purchase of Property" description. I have used the 800k retire funds to get an FET in the past. The land office just wants to see a letter/FET saying X amount of foreign currency entered Thailand, in the name of foreigner etc.

The land office isn't looking at the entry on your bank statement, they look at the FET the bank produces, and the bank will usually ask the condo details and include it in the letter/FET.

1 hour ago, omnipresent said:

This is very good to know, especially when you want to prepare funds before deciding on an actual place to buy.

 

Instead of a huge lump sum transfer, I want to do multiple small funds transfers (e.g. 10k USD / week) from Wise (setting Purpose = "Purchase of Property") to my SCB account. When I've finally found a place to buy, I'd get the bank to create a letter based on a selection of those transfers whose total is or exceeds the purchase price. Is this possible?

 

Yes, you can, in theory, do multiple transfers and the bank can make one FET. But why confuse the issue, just do one transfer a week before you are ready to buy. 

Also, for large amounts it works out better just to do one SWIFT transfer (a one off low fee no matter the amount) rather than the wise percentage fee multiple times. the one off fee is lower than any difference in exchange rates over time. 

Also swift transfers are international transfers, so no drama chasing up FETs for wise domestic transfers.

As above, most landlords will be private and wont have credit card facilities. If you rent through an agent, and they take cards, they will most likely add on the 2-3% merchant fee.

How do you tax a youtuber being paid into a bank account outside Thailand.

The ongoing arguments about youtube is work, taxing youtube etc, is a moot point if the money isn't entering a thai bank account.

If they start taxing thai based channels, then people will just move the channel, and where the income goes to.

2 hours ago, tweezer said:

Ahh... this is different than I was getting from the replies here.  I will go in and talk to True (though the people int he shops often don't seem to know what they're talking about).

True has two different products, cable TV via coax cable, and IPTV via the internet. The coax option is slowly being replaced with internet options.

4 hours ago, jumbo said:

It is a law...

Google Thailand Civil and Commercial Code and find Usufruct, it is spelled out right there

 

A usufruct does not stop an owner borrowing against a property, or selling a property.

Its not spelt out in the Civil and Commercial Code, because its not the law.

Usufruct is the right to use and benefit from a property, while the "ownership" of which belongs to another person. 

The owner of the property can still borrow against the property, mortgage the property, or sell the property.

The usufruct allows the usufructuary ongoing access to the property, it does not control what the owner can and cannot do concerning, borrowing, mortgage etc.

2 minutes ago, jumbo said:

sale of the property does not terminate the usufruct nor the rights of the usufructuary

I didnt say otherwise, and that doesnt remotely answer my question, I was asking the op what document or law he has in place that stops an owner borrowing against a property.

14 minutes ago, jaideedave said:

In my case I have a 30 year lease also signed at the land office  and my name is on the chanote.I bought the house and had it put in my Thai step daughters name.It's not possible for me to outlive this. She cannot borrow on this while I'm alive and she can have it when I'm gone.I'm lucky in the fact that we have a solid relationship and I can sleep well. In the case of a married individual that hopes to live on the matrimonial land in case of divorce..how will that work? Her family or b/f will have you removed while the paid off cops supervise...555    

What document do you have that stops the owner borrowing against the property, or even selling the property ? As far as I know, those terms cant be set or stated stated in any lease ?

OP, contracts (between husband and wife) like userfructs etc become null and void in the event of a divorce.

Why not direct your questions to the agents listing these properties, they should be able to answer most of your questions.

You usually cannot change any external windows, doors, or add awnings on any condos.

Air conditioning pipes can usually be chased into walls.

Most blocks have rules in place that doesn't allow work on weekends/nights. 

20 minutes ago, Skallywag said:

Strange they had no fire sprinkler system in the rooms and hallways.  Photo does not show any water spraying from above? 

You wont find many (if any) condo buildings with sprinklers in Thailand. I come from Australia, and its not that common there either.

7 minutes ago, JimHuaHin said:

I suppose it depends on where you are.

 

I moved into a gated community just after COVID hit.

 

It had been about 2.5 years of peace, quiet and security.

 

But over the last 6 months, I come to realise that many, if not most, of the properties in the estate are for rent, short-term or long-term, and thus now there is a steady stream of noisy tourists, mostly farangs, some here for a few weeks, others a few months.  Peace and tranquility has gone.

 

Plan ahead, carefully.

A stand alone house can just as easily be rented to a noisy tourist. In the gated community there is someone to deal with noise problems immediately, and levee fines etc.

Try and get police to respond to a noise complaint for a stand alone house.