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rak sa_ngop

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Posts posted by rak sa_ngop

  1. I have been trying to estimate the amount of Withholding Tax that is payable on sale of a property by an individual.

     

    I found the most comprehensive information on the following website:

     

    http://lawonline.weebly.com/property-transfer-tax-and-fee.html

     

    Using the example provided on this website the WHT on a 4,000,000 baht property held for 5 years is 115,000 baht.

     

    If the property is sold a year earlier i.e 4 years, by my calculation it comes to 96,000 baht

     

    Whereas if you keep it for 8 years you will pay 160,000 baht.

     

    This all sounds a bit counter-intuitive to me. Keep the property longer and you pay more tax!

     

    And is there any way that a Thai national can get a rebate of all or part of this Withholding tax based on their tax status.

     

    Maybe this is why Thai people do not sell their houses so often.

  2. Have there been any changes to the property regulations recently?

     

    Specifically I am referring to the  Specific Business Tax:

     

    I quote from one website :

     

    "Specific Business Tax (SBT) is payable by companies and individuals who have owned the property for less than five years. It is based on the official appraised value or the contracted price, whichever is highest.

    An individual may be exempt from SBT if they have used the property as their principal residence and have had their name in the household registration certificate for at least one year."

     

    Does the exemption for selling within 5 years having had the owners name in the household registration certificate for at least one year still apply?

     

    The reason I ask is that I have been told that this is no longer the case.

     

    I would appreciate some informed replies this question.

     

    Thanks

     

  3. On 29/09/2016 at 9:12 PM, Familyonthemove said:

    I get the IR cheque each year - my bank will not accept it.  If I remember, I take it with me on my next UK trip, but often it's been too late as they expire after 6 months.  Sending it by courier not viable as it's a refund of interest on a UK account, so the value is less than courier fee.  Tried normal post - never arrived.

     

    Just frame it and hang it on the wall.

    Why not send it by registered mail. It only costs  65 baht extra and 'almost' guaranteed to get there. You get a tracking no. as well (but this may not work in some countries).

  4. On 29/09/2016 at 2:49 PM, manfredtillmann said:

    the taxi is about thb 250 (as of my experience june 2016).

    not worth stuffing around for - i think.

    What about the 100+ baht for the expressway? It will be more like 400 baht in total during evening 'rush' hour.

     

    If you want to save money and don't mind a slow trip you can take the 504 bus (ac yellow) all the way to Silom road. It passes Soi 3. about 20 baht bus fare.

     

    To catch the 504 bus take the terminal exit to the right (facing the road) and you should see the bus stop on the main road. Unless they have reorganised things, but going to the left exit (i.e.in the town direction) you will have an extremely long walk.

  5. Years ago I took the ferry to Cheung Chau island. It's not very far.  Interesting arriving at a deep water harbour, walking about 100 m across the island and coming to a sandy beach. No cars that I remember but a nice walk around the island.

     

    As I will be visiting HK myself in a few months,  is Cheung Chau still the quiet Chinese 'fishing' village it was 20 years ago?

  6. You can get Kamagra gel quite easily and cheaply. It is manufactured in India and I doubt if there are any fake versions made

     

    However you are supposed to eat the gel, not spread it on your todger.

     

    So if you do try it let us know if anything popped up.

  7. I have seen them eat fish, turtles, pigeons and large worms. Maybe a cat or 2 as well, so with all this fresh meat around I doubt they need to eat scraps (at the moment).

     

    If the figure of 400 lizards is correct (although I find it hard to believe)  it would not be too long before they would have depleted their food source. With no natural predators, removing some seems like a sensible thing to do. There will always be a few left to take photos of.

  8. 6 hours ago, JerryinTH said:

     

    Some of Bangkok's most expensive condos are in the area. You won't see a lot or almost any of those figures , even on Silom road. 

    Some of the older condos in the Silom area are selling for more than 50 pc less than a new condo. My building is 20 year old but well maintained, selling units not much more than 100, 000 baht per metre.  New developments are selling for 200,000+ baht.

  9. "Your comments are fairly correct, and I can confirm all required drugs are available for Thais in Thailand,"

     

    Unfortunately many hill-tribe people and other inhabitants in Northern Thailand do not have access to the required drugs because they cannot prove their Thai nationality or for other reasons. I have a friend who works with a Chiang Mai charity helping HIV children whose parents are HIV pos. His charity is always seeking donations to help support these children.

     

    Check out:

    http://rejoicecharity.com/

     

  10. I have been in the Silom area near Sala Daeng for 10 years and luv it. Everything within walking distance, 3 private and one state hospital to chose from and lots of bars and restaurants. It has a much nicer and less congested feel than Suk, and lots of eye candy to watch going to work in the many offices. Lumphini park is the main draw for me here, and the only thing I miss is that there are no decent cinemas near by.

  11. I suggest you do not dawdle if your connecting flight departs 1 to 2 hours after you land. When you factor in the security checks, long walks, train connection and the fact that you have to be at the departure gate 20 (or is it 30) minutes before departure you can easily miss your connection. Your luggage will be unloaded and you are in sh*t!

     

    Seems like luggage can be transferred between flights faster than passengers!

  12. Yes things are slowly returning.

     

    One little gripe I have is that when I now open threads on my mobile it always takes me to the last posting. So I have to scroll up or down and then jump to the beginning. Personally I prefer always to be directed to the beginning on opening.

     

    I hope this is on the list to be 'fixed'.

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