Irene

BoT explains foreign capital influx into stock market

Bank of Thailand Deputy Governor Atchana Waiquamdee on Wednesday said foreign capital had flowed into the Thai stock market in a large amount because it is a channel where investors could bring foreign currencies into the country without complying with the 30 per cent reserve requirement or the fully hedged measure.

She said the baht continued to strengthen this year partly because of the influx of foreign capital into the Stock Exchange of Thailand.

Foreign investors opted to bring the funds into the country through the stock market since such funds are neither required to be 30 per cent withheld nor fully hedged under the capital controls imposed by the central bank.

They viewed the Thai bourse is an investment channel where costs are low and returns are higher than other kinds of investment. So, Mrs. Atchana said, overseas investors had moved large amounts of capital into the Thai stock market since early this year as could be witnessed by the continued net foreign buying of stocks.

It resulted in the baht appreciating by over 4 per cent, higher than the about 3 per cent expected earlier by the central bank governor.

In addition, she said, the baht had strengthened in accordance with the mechanism. It would appreciate whenever foreign funds flow into the country and vice versa.

Because of this, the central bank saw no need to intervene in the baht movement, but would continue to keep a close watch on it.

Source: TNA - 05 July 2007

Ahh, now it all makes perfect sense

Furthermore, foreign investors would have a double dip not only on capital gain but also in exchange gain when disposing their investments since the baht is likely to strengthen further to a level below 34. Hence after Atchara stating that there will be no intervention, within one day the bot governor admitted that there has been an intervention. Based on the previous experience, the intervention will fail again. So hold your breadth and see whether hedge funds with carry trade will come in in a big drove for this opportunity. It does look so now!

Second Road.

It's a great WONDER how some pedestrians are able to cross from one side to the other without becoming involved in a motor vehicle accident.

Oh, yes, there are quite a few except they are not well reported!

SET index could break 1,000 points in mid 2008

Sunday 1 July 2007 03:03:50 PM (GMT+7:00)

BANGKOK, July 1 (TNA) - The Stock Exchange of Thailand (SET) composite index may sail through the 900 point level within this year and rise above the 1,000-point level in mid-2008, if the country's general election is held as planned and a democratic government is formed, said the chairman of the Federation of Thai Capital Market Organisations.

Federation chairman Kongkiat Opaswongkarn, who is also CEO of Asia Plus Securities, said spending in Thailand remains comparatively stagnant because people are waiting to see what will happen about the general election and, he said, the economy will improve if the election is held according to the proposed timeframe and a democratically-elected government is formed.

If the election is held this year, restored confidence could help the SET index break through the 900-point level later this year and, if confidence continues to build, pass the 1,000-point level in mid-2008 as much as Bt100 billion in foreign investment is on-hold while investors study the future movement of the Thai stock market, said Mr. Kongkiat, also CEO of Asia Plus Securities.

However, he said, investors are awaiting a clearer picture of Thai politics amid of landscape of continuing uncertainty. On Friday, the SET composite index closed at 776.79, down 0.89 points from Thursday. (TNA) - E111

MCOT Public Company Limited.

There is a lot of "if", isn't it? So, it is not to look at it year to year but have to view the position as week to week, (not even month to month). This is the time to watch the political development very closely especially the bad repercussions from the "mob".

Yes, Cnbc's news on templeton is more prudent.

I have seen a few posts about delivering babies in Bangkok concerning Bumrungrad and Samitivej (i think that's how you spell it). But I haven't seen many doctor's names used in regard to who specifically is a natural birth advocate. Maybe I should define what I mean by natural birth--not just that the baby is not born by c-section but also that no drugs are used throughout the whole process, I come in when I'm dialated to about an 8 or 9, and I have the baby. I not only want a doctor who is willing to do this but also advocates for it. I've heard there are some at Bumrungrad, but they have 53 OBGYNs and I'm not willing to have ten appointments just to try to figure out who is most an advocate for this. I had thought about just emailing three or four doctors at random and asking who in their department is most an advocate of natural birth. Thoughts about doing that?

I'm due to deliver my third child in February. My first child was delivered at Bumrungrad; second in the states with a midwife (which was awesome experience). Bumrungrad hospital was nice, the staff were ok, and the doctor we had was awful.

I hate to use her name b/c I know that she is not an awful doctor per se, but she is self-absorbed (like most doctors who studied in the USA; they become like those who mentor them). I had a scheduled appointment at 10am, but that morning at 2am, I started contractions, light and easy. By 10am, they were still light and easy. What did the doctor say? "you are going to have this baby today." Great, we thought and went on about our day. At 5pm, my contractions were intense, my husband was 'trained' in the Bradley method and was helping me as much as he could. I knew I was probably a 6 or 7. At that time (5pm), we get a phone call from the doctor, "well, is this baby coming today?" My husband told her, "we hope so." This was her response: My house is quite a ways from here, and if I get home after driving through traffic and I'm sitting down to eat dinner and get a phone call to interrupt my dinner so that I have to drive all the way back, I'm NOT going to be happy. My husband's repsonse: we don't know when the baby is coming, so we'll come in as soon as we think it's time. Two hours later, we went in, she had been waiting. Why? Because there was another lady who was having a baby. She wanted us to come in so she could get both babies delivered at the same time and by dinner. She immediately strapped me down to the bed; you could tell she was irritated to no end. I was dialated to a 9. 30 minutes later I started pushing, and we had alread talked with her (in our appointments) about working with me to not get an episiotomy. After I pushed for about 20 minutes, she just pulled out the knife without asking me or my husband and started cutting. Why? Just so the baby would come out faster. At that point in time, she refused to speak English to my husband any more and only spoke Thai to her nurses. I've lived in Asian society for four years, and it's easy to see in the faces of those around me when someone is causing me to 'lose face' in a language I can't understand. I had the worst tear that it's possible to have, deep into the flesh and all the way down to the anus.

She is self-absorbed, and so if you want a doctor that doesn't care about anything but their time, then go with her. If you want a doctor who is going to control and manipulate the situation and ultimately your body to get that baby out when she chooses, then choose this lady. I'm not the only one. I had two friends at Bumrungrad at the same time as me; the all had the exact same experience. Then later I had other friends who went there; same experience. I only know of two or three people who had a good experience and that is because they wanted an epidural and all that entailed. (which is every women's choice; i'm certainly not saying one is better than the other; it's your body; it's your choice). If you really want to know her name, send me a message or give me your email address. Otherwise, I'd rather not slander her and use her name in the forum.

So, all that to say, that is not the type of doctor we are looking for. So, if anyone was any specific names of doctors at bumrungrad or the Samitivej who advocate for natural child birth, I would love to her them.

Thanks!! (by husband is georgehill, not me )

You could do a great service for future patients by reporting your experience with that doctor to the Managing Director of Bumrungrad Hospital or eventhe Thailand Medical Council.

49% of units in a condominium project (and it must have a specific "condominium" title) may be 100% owned by a foreigner, in their own name, freehold. The other 51% must be Thai owned (i.e. owned by a Thai or a Thai company). So, if you want to be 100% sure, get a decent lawyer to make sure the purchase contract specifies that you get one of the 49%.

Maintenance rates very much vary - obviously check out as many as you can and compare.

If you want to know about the market, check prices, then I should suggest you check 1Rai.com. We have many listings from many agents in Samui, Bangkok, Pattaya, Phuket, Chiang Mai so you can look at what they're advertising and for how much.

The way I understand the rule (could be wrong) is that 49% of the usable area (non-common area) can be foreign owned and titled. It is square meters that count, not the actual units.

Right?

Correct. 49% of the total condominium area in square metres, not actual units. When I bought my condo I received a letter from the condo manangement which stated, in my instance, that the foreign ownership was 11%. This letter was required by the land titles office for put my name on the chanote. Oh and Dting Dtong, also dont forget you will need a Thor Tor Sam (foreign exchange transaction form) issued by your bank in Thailand to say that the funds used for the purchase of a condominium came from abroad.

Good point! Because when you sell it, you will be able to remit the money out plus net- of- tax capital gain.

Cheers!

Go to http://openvt7.blogspot.com/

View Talay Jomtien Condominium (1999) Co., Ltd appeal to the Supreme Administrative Court.

You may read their appeal at http://openvt7.blogspot.com/ then you understand the builders' side.

It's a must read.

If someone wouldn't mind translating from legalese to plain English I'd be interested in what it says.

It's easy to understand! Their was a regulation in the Building Control Act called "Issue 8" which set 100 meters from the sea shore before you can build any building over 14 meters high. Then a change was made in the regulation of the Building Control Act called "Issue 9" which changed the measurement from100 meters to 200 meters. Now the new law reads 200 meters from the sea short before you can build a building over 14 meters high.

But city hall and vt7 thinks the change of 100 meters to 200 meters means you measure not from the sea shore but from the "mean sea level" 200 meters. That is you measure a 100 meters to in the direction of the land from the "mean sea level" and 100 meters in the direction of the sea and added together it equals 200 meters which equals the same measurements in original "Issue 8".

"Mean sea level" is the middle point between high tide and low tide level. The Building Control Act does not explain what is meant by the words sea shore or where to stare or how to measurement of 200 meters.

Now they wait to see if Thailand has laws and justice or a little smoke in plaintiffs face and tea in someone else hand rules?

After looking at those vt7 amazing profit margins, build at 10,000 bht. a square meter and sell at 65,000 bht. a square meter it hard bet against the tea winning.

lookat,

Thank you for the translation. As to the cost of building, I don't think that includes the cost land. Even so, the margin should still be big.

Too true, Irene. A Thai neighbor is building a slightly larger than medium house now, and the "architect" they used designed it in what I see as typical style. I counted more than 30 posts, not including perimeter wall ones, located all over the place, making it appear, to me, that he didn't really know what he was doing, so to be "safe" he put posts everywhere. Consequently there's lots of tiny rooms, and there will be a virtual maze inside, once walls are erected. A truly bad, mad design.

thaimat,

Wow! Good to know, thanks!

Cheers!

Are you still able to buy a condo/apartment as a farang in thailand? And are there any monthly fees after you bought a condo, except electricity/water? I mean for maintenance.

And I would also like to know how the market is? I know there is a lot of condos for rent and sale in Bangkok. But how is the demand? Would it be very hard to sell a condo overtime?

DtingDtong,

Yes, as a farang in Thailand, you can buy a condo if the non-Thais in that building do not own more than 40% (or49%, I can't remember the exact figures) of the total sqm of that condo building. All condo charge monthly maintenance fees, in the range of Baht30-40 per sqm/month plus sinking fund as an initial capital fund (the amount varies).

The market for those in the right location especially near to the BTS or MRT stations is still vibrant and a lot of speculators involved in lifting up the future market price. In the long term, prospect of future sales is far far better than those distant condo or hidden in a sub-road. It can be very hard to sell if you are not in a right spot or the condo management is bad. However, its marketability is still better than a house.

Cheers!

Greetings fellow board members.

Although I have been a viewer of these pages for a long time now, this is my first posting. I have always previously found answers to my queries within the pages of the forum, but now I have an important matter that perhaps others have experience of.

I together with my Thai GF will be taking the plunge soon and purchasing a house and the land it sits on. I'll be spending in the region of 2.4 million baht. Through this forum, and my local advisors I have a pretty good feel for the process and what to expect.

My query revolves around the taxes payable during this transaction. I understand that I'll be liable for

1) Transfer fee of 2% of Bt2.4m or Bt48,000

2) Stamp duty of 0.5% of Bt2.4m or Bt12,000

3) Withholding tax at the variable progressive rate, calculated as follows:

Deduction with the expense of possession for 4 years = 71% 1,704,000.00

Balance = (2,400,000 - 1,704,000) 696,000.00

Divided By years of Possession (4) 174,000.00

Taxation on progression rate (100,001 - 500,000 Baht = 10%) 17,400.00

Multiply by the year of possession (4) 69,600.00

Therefore (48,000 + 12,000 + 69,600 = 129,600.00) baht.

Of course all these calculations could change according to the values made by the local land department appraisable prices.

My query really revolves around just how this tax bill will be presented to me. Will I just see the total taxes payable, or will it be broken down as per Transfer Fees, Stamp Duty, and Withholding Tax? Or even be broken down and details as above.

I have not been able to find translations (Thai script) or romanised English) for these three different types of tax, and so I am a little worried I will not be able to understand or effectively communicate the 3 different taxes involved.

Of course I will too be looking to divide up this tax liability between myself and the vendor, so effective communications of the individual taxes involved is needed. Tax is as an emotive issue (particularly in today's political climate) , and I want to ensure that correct dues are paid.

All input is valued. Thanks in advance.

The Land Department will collect these three taxes and duty upon transferring of titleship. There will be receipts clearly shown with each tax involved. Unfortunately, they will be all in Thai.

Thaimat,

Just to say thank you for your information which is very comforting. Not only farang has the problem of getting a right architect, the Thais are also suffering from this unregulated world.

I have a 30 year lease on a piece of land that I am renting from someone. Can they sign power of attorney to sell the land so that in the future I can sell the land without needing their approval?

(for example if they pass away)

The person executing power of attorney would be left blank until time to sell.

Is this possible?

Thanks in advance.

The "sale" can be set aside by court as a concealed act to defraud other beneficiaries. This is not very secured to protect one's interest.

Have lived here for several years. I am looking into transferring some business operations here, which MAY involve substantial cash flows into/out of my Thai bank account, or, substantial accumulations of cash into my Thai bank account over a period of time, which I may then need to transfer out depending on circumstances.

1) I seem to remember reading quite some time ago that one could transfer money into Thailand, but as far as "substantial" cash (forget the amount - may have been tens of thousands, or hundreds of thousands of dollars), you couldn't transfer it out. Sort of like the Hotel California - "you can check out, but you can never leave?" Was this ever true? Is it true now?

2) I read just today someone complaining about an "over $20,000 rule." What the heck is this?

I certainly need answers to these questions before embarking upon any decision to transfer any substantial money over here.

THANKS.

sbaker8688,

Remittance of fund is simple if you follow the general rules of the Bank of Thailand who control the flow via all commercial banks who are supposed to be the BOT's agents in monitoring the flow. If you bring in money and declared under Exchange Control Form as capital investment, then in future when you want to remit this fund out, you will be able to remit out via your banker without tax imposed provided that you have a copy of evidence of the previous inward remittance. If you want to remit your income such as dividend or interest or rental, you could also remit out if the appropriate tax at 10% or 15% has been withheld and paid to the Revenue. Some banks may ask for your previous declared exchange control form to substantiate your right to the income.

Things you have read in some the posts or heard about the difficulties were mostly due to lack of systematic monitoring of the flow and availability of evidences to convince your banker who is accountable to the BOT for their misdeeds.

Cheers!

Oh dear, I do agree with much of what you have to say about parenting but I thoroughly disapprove of your western reaction to such a situation. You have suffered a major loss of face and don't even know it or probably care. There are other ways to indicate censure than to yell in a public place. It may go down ok in Brooklyn or Battersea but not in Thailand!

But I forgive you. That's the kind of person I am.

I regret that you don't appreciate the public service that I did for you today.

Better to have a loss of face, than a loss of a limb, which is what i think I have prevented, by hopefully having someone else NOT be assaulted the way I was. But I'm a giver, I don't expect to be paid, it was simply a public service I was doing. Free of charge. I trust you feel safer, knowing that this mother/child combination probably won't repeat the awful incident.

I must admit, I wouldn't refuse a public certificate/commendation for my good deeds.

And honey, trust me, there was no "loss of face"... that's just an old wives tale... and doesn't apply to farangs.

By the way, good sale on ground beef at Foodland today... 95 baht per kilo, pretty good quality... my dogs LOVE it, not much fat at all... the super-low fat ground beef is a whopping 250 baht per kilo, and didn't look that much better than the 95 baht stuff... I got some great fresh shrimp today... they charge too much for celery... puh-leese... celery isn't as difficult to grow/find as truffles...

You deserve my sympathy but not any award!!! Good luck on your future shopping!!! You are better off in sticking to Foodland and don't ever go to Tesco on Saturday because the mother may not say sorry but the dad could give you something that you think you do not deserve.

[

I was hoping to read about Thai baht volatility but alas this seems to have gone somewhat astray.

I have an idea, let's start a new thread where we can discuss the volatility of the Thai Baht. If we sneak off and do it quietly perhaps the other kids won't notice. When they do notice and want to join in we can all say no, you can't, because you can't concentrate and you're too easily distracted by name calling! It's all amazing behavior, really.

chieng mai,

Well said! I was hoping to learn something on other thinkings, I am now truly lost. Still this thaivisa forum is still bearable and still the best I have experienced. You just go and try the Nation forum, you will be so amazed of how strange people can be.

Cheers!

I am a 28 year old female, married to a Thai man for 2 years. We have a 2 year old daughter.

My daughter and I are currently living in the UK. I am a physiotherapist with a salary of 25grand p/y, and a mortgage of 120 grand.

My husband is currently in Thailand where we have a watersports business. We have just purchased 2 rai of land on Koh Tao on which we wish to build bungalows to rent.

My husband currently travels between the uk and Thailand (expensive). We are considering making the big move back over to Thailand as I have stayed in England, bar holidays, since the birth of our daughter. I am however concerned about leaving the financial security of the UK, inc my NHS pension which I have 9 qualifying years for. If I commenced work as a Physio in a Thai international hospital would it be possible to contribute to either a UK private, or Thai State pension? I understand Thailand introduced pensions in 1998, but my husband is fairly blase about their worth. Is it possible to live a 'conventional' life where we can raise a family (we would like another child), and save for a comfortable old age? Or is it more adviseable, security wise, to stay in England until we are of an age where we can retire to Thailand with our accrued funds, and my pension?

Many many thanks in advance for any advice on this matter, of course in our hearts we would like to raise our family over there, fianances and security depending.

Your husband is correct that Thai social pension is still new and hardly dependable or comparable to UK social net. You will lose out if you drop out of the UK net. However, I thought that when one is out of the UK, one might be able to keep the status for a few years. It is essential for you to find out from the UK authority before your big decision on the possibility of maintaining the status for a few more years.

More specifically, I need a transvaginal ultrasound-- do any of the non-foreigner oriented hospitals have them? Bumrungrad and the like are too expensive.

Try Bangkok Christian Hospital at Silom Road. They are generally quite reasonable and result-oriented.

A nonaddictive alternative to benzos which is available in all pharmacies over the counter is Atarax, it is a minor tranquilizer/antihistimine. In Thailand comes in 10mg and 25mg tabs. For anxiety the dose is 25-50mg so get the 25mg tabs. Altho not addictive, its safety for long term use has not been established. No problem for occasional use, also helpful for sleep (again, use only occasionally). Main side effects are dry mouth and sleepiness.

Vipassana meditation is extremely helpful in enabling you to both feel anxious/ have insomnia less often and to be able to deal with it when you do without medication. Counselling/therapy is also helpful and definitely indicated for anyone who finds that they have so much anxiety that they need to take something to help them sleep or cope on a regular basis.

Anxiety is a warning signal from the psyche just like pain is from the body. It's telling you that all is not well. Like physical pain, an occasional twinge here and there doesn't really require investigation but severe or frequent does.

Meme: you are wise to get off the Xanax. I'd suggest you taper as follows: a half tablet (12.5mg) one night then a whole tablet (25mg) the next, repeat this cycle for about a week then half tab every night for a few nights then alternate half tabs with none and then stop.

Nobody with a history of addiction should take benzos....full stop. And nobody should take them on a regular basis.

Believe me, this is the best professional advice on this thread one should follow.

How many sqm

Also how many metres to BTS?

[ In my personal opinion and I don't know the facts of the case fully, I would say a decision has already been reached and the decision is in favour of VT7. I really cannot see VT7 being foolish enough to go against the courts decision, without some news of the verdict 'leaking out' first.

Why would you consider making public your opinion without knowing the facts? Are you suggesting that a decision has been made without "both" parties being notified?

Because it's an opinion, something everyone is entitled to.

Like an Ars#hole? everyone has one, the difference is that you are posting on the forum as a person who cock sure he is right all the time.

Lets trace back, you came on anonymously trolling this forum stating you had insider knowledge of what was happening with VT7, posting rather argumentative posts about how much fun it was winding people up, only later was your real ID an motive revealed.

Again I will say you do not inspire confidence in prospective purchasers, I am suprised Trevor has allowed you to continue posting here and also working for him as a sales manager as you are doing nothing to re-affirm IA's position as a caring developer, caring in as neighbours and new and past purchasers.

Ever heard the saying "less is more" You are already damaged goods on here because of your initial posts so I doubt many will give much credibility to the opinions you make whilst admitting to "not knowing the facts of the case".

Thank you. Well said. Now I understand. Previously, I was perplexed in reading his post.

On my way to the beach this morning saw equipment at Regatta site.

That's because they have all the necessary permits to build !

Correct!

One can also see equipment at the VT7 site.

.........and concrete was being poured today and work was taking place on VT7

Well, if that is the case, then stopvt7 and others should video-tape the ongoings with the daily newspaper shown at the side to confirm the date of taking that tape. Then ask lawyers of stopvt7 to ask for an emergency hearing on vt7 breaking the court's order. If the court is satisfied with the evidence, then criminal proceedings would be made against vt7.

Regular exercise program and cut down on the amount of food you eat not what you eat. You should still be able to drink beer. This was the plan that worked for me but everyone is different.

I have reduced my weight from 72 to 67 kgs and has been maintaining the 67 kgs for a few years now. I attribute this to my half an hour daily exercise on the treading mill at home while watching the news or listening to light music. THE EXERCISE is a must to achieve the goal because it helps you not to crave for food too much. Second, I have changed my EATING HABIT from eating in full to fill in my stomache to eating just to cure hunger, i.e. to change the level of satisfaction from 100% to 60%-70%.

I have dinner with a glass of beer or a glass of wine. If I am at home for lunch, mostly weekends, wine or beer is also next to my meal. No restriction on types of meal I can take. I take anything, meat, fish, vegetable you name it. I am so glad that of these minimum disciplines I need to maintain my average weight. I had a balloon intervention in my heart (angioplasty) three or four years ago and was advised by the hospital nutritionist on lists of things not to take and not to do etc. etc. which I rigidly adhered to for a year, fish every day, daily exercise, heeding warnings of all sorts. That was the miserable year of my life until the fine doctor told me to enjoy life as well in looking after my health. On one of my quarterly visits, I even taught him how to take wine and since then give him two bottles on each visit. For a period of two years now, I find the habit least taxing. On the contrary, I would feel miserable if I have to miss my exercise on any day.

I share this experience just to help others not take measures so rigidly. I am on a half a tablet of Lipitor and half of Concor and touch wood on every quarterly health visit all my measurements on the blood test have been on the good sides.

Hi Irene,

how is the charting at those companies and what kind of orders do they accept. Maybe you could post or send me a chart of an individual stock, no matter which one.

Thanks,

PCA

Hi PCA,

They have been recommending bgh, banpu, qh and rrc for a few week already. All except rrc have risen substantially. You need to go into their website to find out as to their rationales and chartings. You need to be their clients first to get into that site. They are quite selective on their clients. I have been dealing with them in cash only for many years.

Cheers!

Hi

Trawling through the web at the minute look at various options for having a dabble with a few Thai stocks. Could somebody please recommend a good broker or online trading site for me to take a look at?

Many thanks in advance

L

deanow,

My favourites are www.tiscoetrade.com and www.phatradirect.com

I am happy with both on my online trading. Lately phatra's analysis on some stocks has been spot on. I like both because they advise me at the end of the day my daily committments. You will be surprised other brokers do no advise you of your outcome.

As to the other post on the comments that Thai stocks are not worth the paper written on, I pity him on his insulting observation without basis and also his lost opportunities. My return todate is 14% todate.

Hi,

I'm about to rent out a house.

Can someone advise me of the typical price split between furniture and the house itself, what the different tax rates are, and if it really matters what furniture is included as long as the tenant signs off on it, i.e., what are the chances of an actual audit or inspection?

Also, someone previously recommended book stores for blank leases, but I could not find any there, nor in Office Depot except a very generic lease not appropriate for real estate. Any other suggestions?

Thanks,

Peter

Hi PMK,

The reason why Thailand has this quaint split of rental of the property and furniture is because of the archaic law called household tax. Rental of property is subject to the household tax at the rate of 12.5% which is quite hefty if you go by the rental you charge your tenant. However, the law stated as rentable value of the skeleton of the property which has to go by your property rental figures or the official valuation whichever is greater. The official value is surprisingly enough extremely low. Take a five star hotel, it may pay the annual household tax at less than Baht 5 million. The value is negotiable with the district office. Hence most rental contract will be split into two in order not to expose the application of 12.5% unduly and as low as the official figures.

While furniture is subject to VAT if your VATABLE income is more than Baht 1.2 million p.a. (it may have now been increased to Baht 1.5 or 1.8 million, I can't remember the exact figures.) Hence, most landlord prefers to divert a substantial portion to furniture rental and/or service fees.

There is no hard and fast rule of the split since the exposure will not be that great once there is that split.

You are correct its still 2%

Transfer tax at 2% plus stamp duty at 0.5% on the proceeds or the official value whichever is higher.

3% Specific Business Tax + municipal tax (10% of SBT) if owned for less than 5 years (you'll be seen to be trading in real estate, so stamp duty will not be applicable).

This is correct for individuals. However, for a corporation as a seller, no concession on that 5 year possession is applicable. If this is applicable, no stamp duty shall apply.

Withholding tax is determined under the Revenue code of Thailand. The seller shall withhold such tax and pay it to the Revenue Department, when they earn an income from the sale of immovable property (including condominium unit).

Withholding tax at 1% is applicable when the seller is a corporation and the Land Department as an agent of the Revenue Department is required to obtain payment from the corporate seller.

Withholding tax rates are calculated based from government assessed price. There is however a deduction based on how long you have owned the property (the longer you have owned it the better the discount). The actual payable amount is then calculated based on the progressive personal income tax rates (0 – 37%).

This is applicable to an individual seller.