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K2938

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    Sale of rented condo without agreement of tenant

    in Real Estate, Housing, House and Land Ownership

    Posted

    Just now, Yellowtail said:

    Is the water and power in your name? 

     

    1 minute ago, Yellowtail said:

    As I understand it, the owner has the right to inspect the property, but they have to notify the tenant. 

     

    Is the water and power in your name? 

    Nothing in the contract on a right to inspect the property.  And in any event that would only be the landlord, but not together with the prospective purchaser.

    Water and power is not in my name.  All stayed as before.

    • Haha 2

    Sale of rented condo without agreement of tenant

    in Real Estate, Housing, House and Land Ownership

    Posted

    Is my understanding correct that if the landlord sells a rented condo then this does not impact any rental contract in place?  And if there is also no clause in the contract allowing the landlord to terminate early, then is there anything the landlord can do?   

    And finally, it is my understanding that the tenant also does not have to permit viewings if not explicitly laid down in the contract, so the whole thing seems rather difficult without the full support of the tenant?   Is there anything nasty which landlords then can do? 

    Thank you.


    ----------------------------------

    Section 569. Transfer of Property does not terminate rental contract

    A contract of hire of immovable property is not extinguished by the transfer of ownership of the property hired.

    The transferee is entitled to the rights and is subjected to the duties of the transferor towards the hirer.

    Revenue Department to amend tax on foreign income remittance

    in Jobs, Economy, Banking, Business, Investments

    Posted

    46 minutes ago, topt said:

    Hopefully not but if yes then I have less confidence it will happen this year.

    Given the political trouble, it certainly looks less likely to happen now I would say.  But all these announcements have a limited credibility anyway.  A year or so ago, there was equally an announcement that full taxation of global income was planned and nothing happened.  So my base assumption would be that things stay as they are.

     

    Revenue Department to amend tax on foreign income remittance

    in Jobs, Economy, Banking, Business, Investments

    Posted

    7 minutes ago, samtam said:

    There is no definitive answer, but TRD seem to hedge it with "as long as you're not making an obvious habit of it with large purchases", which is utterly meaningless.

    Thank you so much for your tremendously insightful and helpful answer.  Just as a follow-on may I ask where the TRC stated that credit cards are ok "as long as you're not making an obvious habit of it with large purchases" or something similar?  Thank you!

     

     

    Bumrungrad Dental Center

    in The Wellness Zone

    Posted

    Anybody having experience with Bumrungrad Dental Center?  Bumrungrad is usually an excellent place, but the dental center on Google has largely disastrous ratings. 

    How about Samitivej Dental Center on Sukhumvit?  

    And what are other good places?  Do not care so much about prices, but want a high quality check-up and cleaning and honest advice, i.e. where I am not told I need to do all kinds of things not really necessary just because they lead to revenue for the clinic.

    Thank you.

    LTR Visa is Now available for Long Term Residency

    in Thai Visas, Residency, and Work Permits

    Posted

    I would like to ask some questions regarding the latest policy application on the LTR visa.  Apologies for the rather technical nature of some of them:

    1) For the wealthy pensioner visa what is the latest appetite of the BOI for realised income from capital gains?  So you e.g. hold a fund which you bought for 100 000 USD and then sold for 300 000 USD.  Is the 200 000 capital gain admissable income or not?  Some time ago, they did not like this very much.

    2)  What is their appetite for unrealised income from capital gains, i.e. e.g. increase in value of a broker account from x to y over a year without actually having sold and thereby realised this?  So you e.g. hold a fund which is worth 100 000 USD at 01.01.2024, but 300 000 USD at 01.01.2025.  Is the 200 000 USD difference admissable income or not?

    3)  What is their appetite for undistributed dividend income, i.e. for example a holding of various companies paying dividend with the dividends being immediately reinvested instead of distributed (so-called accumulating vs. distributing investment funds [which are uncommon in the U.S. due to certain tax advantages there])?  So you e.g. hold a fund which receives 100 000 USD in dividend, but immediately uses this 100 000 USD for buying additional shares.  Is this admissable income or not?  In many jurisdictions, you would pay income tax on this in spite of not actually physically having received the dividend, but the fact remains that this is not a dividend you actually received in cash.

    4) For how many years does the BOI now require income proof for wealthy pensioners, one year or two?  It used to say one year, but then they really wanted two at least for some time.

    5) What happens if the applicant cannot provide income tax statements since his or her circumstances were such that no income tax declaration was due (e.g. due to previous non-taxation of various foreign remittances, tax residence in a tax-free place etc.)?

    6) From when does the tax benefit of non-taxation of foreign remittances start for people already previously in Thailand on a different visa?  The benefit is given for the entire calendar year in which the LTR visa was obtained, pro-rata to the time of the LTR visa or how in case anybody knows?

    Thank you.

    Slow mail from UK recently ?

    in General Topics

    Posted

    16 hours ago, Freddy42OZ said:

    I receive mail from all over the world as part of a global mail testing service. 

    I received an airmail item from the UK a few days ago that was mailed on May 28th, 8 days from the UK to Bangkok.  Postage on it was 3.20 GBP (!!!) for a standard envelope.

    I sent some documents from Bangkok to our family lawyer in the UK and they took 2 weeks (registered, A4 size)

    I've not noticed any slowness compared to normal timings.

    You send all this by regular airmail in both directions and it actually arrives?  For me things usually get lost.  Any pro advice?

    • Thumbs Up 1

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