RobertJNerder

I thought on the contrary you must declare foreign funds remitted to Thailand for the purchase of a condo? Tax credit probably only in case a double taxation agreement exists. For France this should be the case.

Also interested in the practical process of mortgage clearance at transfer. Buying a new unit from developer with existing mortgage still in chanote. Transfer at Bangkok Land Office in Old Town (MRT Sanam Chai/near Wat Pho). Is that done in one go at the Land office? Then split purchase price to two cheques, one for bank and one for seller? Or is one cheque to seller sufficient, once I see my name on chanote and morgage cleared?

Would you expect to remit additional money from abroad at the time it will be transferred to you (somewhat as per OP‘s situation) as that would constitute transfer from Thai to foreign (co-)ownership?

@mrwebb8825, you said your wife and you bought it, but is your name on the Chanote?

Thanks, it seems clear to me that when it is gifted, the land office will use the official (probably Treasury Department's) appraisal of the condo as a calculation basis to levy tax and fees. What I wasn't sure of, was based on what value actual money needs to be transferred in the scenario of gifting from a Thai to a non-Thai spouse or if there needed to be money transfer at all. So these situations may occur in terms of money needed to be remitted from abroad: 1. nothing, 2. full amount of the original purchase price stated on the Sale and Purchase Agreement to Thai spouse--> FET form for documentation, 3. full amount of the (virtual) official appraisal value to Thai spouse --> FET for documentation As to @Robert Paulson it seems #3 is the case. For @soi3eddie 's scenario it seemed an "agreed value" was put down which seems more like a straightforward purchase situation with a price tag rather than a gifting situation.

Does that mean you had to remit money to your spouse with FET? And if so what amount?

@Peterw42what do you mean by "full amount" when it is gifted as per OP's scenario? @soi3eddieWhy would the lawyer send back the money to you when you purchased your ex-wife's share of the condo?

But why not, should foreign quota be available on a condo (as per OP's assumption)? It seems clear that certain taxes and fees will be levied as with any transfer regardless if foreigner or Thai. I assume that in case of a gift, the Treasury Department's property valuation lists would be used as a calculation base. The question I'd be also be interested in would be, is FET needed on any amount of money (up to the original purchase price) if it is gifted from a Thai to the foreign spouse.

All for your post count, Puccini ?