Delight
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Posts posted by Delight
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The following is my understanding.
You will pay tax on the income from overseas which you declare.
You can legally not declare funds for the purchase of a condo.
Also
Any tax paid in your home country will be classed as a credit . This will reduce your liabilities in Thailand.
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3 hours ago, Peterw42 said:
OP, are you talking about Juristic person, or juristic manager, as they are two different things. (juristic person can hire/fire juristic manager)
The act clearly states one person cannot be both. But otherwise I don't think you will find any restriction on a committee member being either
This is a confusing post.
A juristic person -s not a person -it is the status of a building i.e. Condominium Juristic Person. This title is used for a non profit making entity that has income and expenditure. Any organisation which has both income and expenditure has the potential to go bust.
By law all condos must a have an official manager. The job title is Juristic Person Manager(JPM)
Are you stating that the JPM can also be a committee. If so the JPM is running with the Hare and running with the Hounds.
The basic management structure is that the JPM reports to the committee . The committee is responsible to the co owners
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On 5/3/2024 at 3:06 PM, Mike Lister said:
I don't know about the apps but I do know that THB is a restricted currency that cannot be exported as THB, it must be converted first in the currency of the receiving country.
What you state is true.
The work around is that should you wish to expatriate Thai Baht -then the Thai Baht does not leave Thailand.
Such as DEE money will have an arrangement with a UK bank . That UK bank will transfer the money to your UK account.
Money coming the other way will balance things I (assume)
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5 hours ago, topt said:Would make more sense in the Pattaya forum...........
Most people reading the threads would know to go to any clinic and pay anything from 100baht.......
Struggling with why you would have chosen to go to a private hospital for this
I was interested in quick service. Pattaya International was quick.
this man did not know about 'any clinic'.
lived in Pattaya for 18 years-only ever used private hospitals .
Very infrequently
I submitted this post to help others -not to attract comments like yours
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Initially i paid a visit to Pattaya International hospital.
Just a quick scan with a stethoscope -1100 Baht.
However the lady at DLT advised me that it was not acceptable-no reason stated.
So following her advise i walked out of the DLT grounds -turned left and saw on the right a Green cross.
The doctor there gave me a more thorough examination -price 150 Baht.
Next door is a photocopy shop -1baht per copy.
I suggest that others use the 150 Baht service.
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The only option is to obtain a Volunteer's Visa
Cost about 40,000 Baht per annum.
You will --however-need to go to a visa shop
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If the condo apartment has a mortgage then the bank will hold the apartment title deed.
Suspect that a meeting will have to take place at the land office
You will need to bring your FET plus 3 cheques
One for the bank-one for the seller -one for the land office.
All can be resolved at this meeting.
Numbers have to be agreed ahead of this meeting.
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I ask this Q because my wife is both the administer and beneficiary of my estate -when I pass.
Very simple.
So is a lawyer required -or is there a do it yourself alternative process?
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My only advice is to ensure that multiple originals of the Last will are created.
This is perfectly legal. they must all be created at the same time and all exactly the same.
Important if multiple beneficiaries' are involved.
Also a safeguard against the loss of a single original.
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The structure relating to how the property is purchased is irrelevant.
You will be MD of this proposed new company /house and as such have 100% control.
Of course you may find an existing house that is already in a company.
Lawyer versus accountant. My vote will always go for an accountant.
Cheap and reliable
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i find this post confusing.
Condos (i.e. Condominium Juristic Person ) do not have landlords
The building is jointly owned by the co -owners.
Suspect that you are talking about something else
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My wife and I visited the driving center (Road 36)
We were advised to get an appointment on line and requested to visit www.dit-elearing.com
She registered and watched the 1 hour video on safety. This video has 7 sections with questions at the end of each section. a QR code appeared at the end
However we could not find a link for appointment booking.
Can anybody help?
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If a pump is noisy then the likely cause is cavitation.
The root cause of this is a consequence of too long an inlet pipe and too small an inlet pipe..
The inlet pipe needs to be short and fat
These two limitations can be fixed.
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On 1/5/2024 at 10:24 PM, Holly Huntaway said:
1) Thai Will. His wife is administrator.
2) Administration granted to wife in court.
3) Condo originally purchased in my dads name under foreign quota.
Wife slow in responding to Solicitor communication and has been collecting rent since his death…
So-Your father dies -Thai widow is administrator and you are beneficiary .
The Thai widow has all the control.
As things stand if your ex mother in law does not complete probate -then only a court can force her to do so.
You have no power.
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You will have to convert your partner into your wife.
Probate can then occur after you pass.
A will which specifies that you wife is both the administrator and beneficiary is good idea
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The following needs to be established
1) Are you the administrator?
2 Has probate been completed ?
3 Is the condo in a foreign or company name ?
Advise can be given -only when these Q's are answered
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The most important feature of any Will is the name of the administer.
You can have have as many 'originals' as you like.
The administrator has to hold an original..
Q When you die -presumably in the UK-who will contact the Thailand based administrator?
Also the administrator will organise probate.
Does the administrator have the money at hand to finance this?
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With the agreement of your wife -you could possibly transfer the land to a newly created Thai Company. Your name being the MD
With this arrangement you do not own either the house or the company.
however -assuming that the company is set up to your advantage then you will have 100 % control.
You can then bequeath the company to whom you please.
Getting the wife to agree will be the tricky bit.
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I attach a link.
This link provides access to may PDF forms
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Co owners are responsible for that part of the building as detailed on the individual Condominium Title Deeds.
if it not on there -then the management have to organise a fix.
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All utility bills are in the name of who owns the land-the house - the condo apartment or the condo building.
This cannot be changed.
it is not in the interest of the utility company to make such a change.
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You do not need a Will-since all the asserts are in her name.
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The 51/49 split ensures that foreigners cannot have more land than Thai persons.
The biggest drawback to an apartment in Thai name is that they are more difficult to sell.
Apartments in company names or foreign names sell easier
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Most Thai people do not have a Will.
Probate sorts out who gets what -as per a set of rules.
As I see it you do not need a Will. Your assets will simply go to your legal wife.
As far as your USA assets are concerned -you will require q Will.
The most important feature of such a Will is the administrator -sometimes referred to as an executor.
This administrator must have the original Will.
A death certificate -with official translation-is required.
Your widow can handle this.
Of course the administrator in the US will need to appoint a probate lawyer.
Have you organised US based funds to cover this?
Thai Last Will and Testament Question
in General Topics
Posted
The only person that counts -in any country- is the administer.
In UK this title is the Executor.
This person you must absolutely trust.
Also you can have as many 'originals' as you like.
They must all be created at the same time-and be identical.
Typically you will sign or initial each page
Select your administer carefully.