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JimmyGreaves

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Posts posted by JimmyGreaves

  1. 39 minutes ago, DrJack54 said:

    You will need a TM30.

    Before you check into a hotel make sure that they file a TM30 and can give you a screenshot.

    Which immigration office..

     

    Assume that you have a Thai bank account in your name only.

    Immigration office will probably be Pattaya but will have the option of Hua Hin as got a couple of friends there. I have already got a SCB bank account in my name only have 800k baht + in already, but no address is my problem.

    • Like 1
  2. Hi

     

    What is the requirement for proof of accommodation with regards to the document required at immigration?

     

    Can I rent a room in a hotel for a month and get a letter from the hotel for that period of time?

    Can I rely of a friend who has a house and get some sort of document from them?

    Any suggestions of any other routes to go?

    Every 90 days do I then have to report a new address if I've not found a permanent address?

     

    I plan in staying in Thailand for 9 months and going home in Summer to my home country and whilst in Thailand may travel around. I don't want any other type of visa as I do plan to do this for many years.

     

    Many thanks.

    • Confused 1
  3. Was flying out of Hua Hin Air Asia today destination Chiang Mia but didn't take the flight for the 3 of us, lost 14000 baht as the flight was not cancelled. Better to be safe than sorry being stuck up there. Very disappointed that the Samut Songran episode kicked off.  The only thing that has <Cheesed> me off is that you cannot cancel the flight and at least get the insurance and tax back.

  4. Thinking of moving away from being self insured and getting some cover with Pacific Cross, I'm 66 and in good health with no previous health issues apart from the odd bone fracture.

     

    Can I get some feedback/ reviews on any of the following:

     

    Paying out when you have to make a claim

    PC paying direct to hospital without you having to claim back

    Increases in yearly premiums 

    Increases in premiums after making a claim

    Having to copay for certain ailments that they think you may get (read about back issues)

    Hidden small print that can cause problems.

     

    Many thanks

     

     

     

  5. 1 hour ago, jimn said:

    I had to pay 10,000 to close the company and 183,000 tax to the land office to transfer the house to my wife. It would have been more but my agent knew the land office official.

     

    You mean transfer the land and house? Who owned the house or did this not come into the equation if you are in the country?

     

    Also Jim when did you do this? Years ago?

  6. 2 hours ago, khunPer said:

    If you are married before your partner, now wife, buy the property, it will be common property and shared 50/50 in case of divorce. If bought before marriage, it will be your wife's property only in case of divorce.

    Excellent will do this before transfer.

    2 hours ago, khunPer said:

    15k baht a year might be cheaper than transferring the property out of a company limited, and close it. You really need an experienced accountant to do calculations for you, before you make any decisions.

     

    When the company limited is taxed for the building, then it sounds like the house belongs to the company, i.e. is registered by tessa ban as company property when issuing building permission. If the money paid for the construction has not been stated as a loan in the company's books, all payment for the house belongs in principle to the company.

    Yes looks like the house sitting on the land is ending up being the problem.  The tessabahn could be taxing the land as company land, however I know that if you have a swimming pool then they yearly tax more. I just need to figure out where the house lies within this conundrum ???? Many thanks for your invaluable input. 

    • Thanks 1
  7. Thanks for all the responses.

     

    I think I have a handle on getting the land into my partners name. 

    • One question on this would it be beneficial to be married before this transaction?

     

    Getting the house out of the company is something I'm unsure of as the tessabahn has it listed under a company and we pay about 15K a year in tax whereas if its in a thais name the tax is hardly nothing. The reason it is listed under a company is the plans were submitted to them under the land ownership company as they would not put it in an individuals name I asked for mine.

     

    The house was built outside the company with me paying cash/transfers to a builder and his gang (Not a building company). (The builder has now passed)

     

    Any ideas?

     

     

     

  8. 6 minutes ago, HHTel said:

    Years ago I set up a company which I later decided I didn't need.  My accountant told me at the time that as the company has no assets and is not trading, just to let the company die naturally.  That was about 18 years ago and there's never been any comeback.

    Thanks HHTel. I would like get the house and land away from the company and closing is not so important. If you had a company I thought you could sell it as new setting up fees are expensive.

  9. 12 hours ago, Langsuan Man said:

    Got a couple of surprises for you, one's the lawyers never tell you when you set up the company

     

    First step will be to go to the land office and transfer the land into your partners name, you will have to pay the transfer tax which is going to be determined by the land office using their secret sauce.  A lot depends upon how much the "company" valued the land when they purchased it, how much it has increased in value, etc.  The Company director can authorize the sale, no vote or other action required

    Ok got a bit of a handle on this one as a friend had some land in a company and his wife was also a shareholder, she had to move out of being a shareholder and get a good friend to take her place as a shareholder, sell the land to his wife and then his wife moved back to being a shareholder and yes paid tax.

     

    Thanks for the confirmation.

     

    Quote

     

    Once the chanote is in you partners name then you can proceed with closing the company.  This is where it is a little tricky and you hope that you have a good lawyer at this point.  The cost for closing a company can range from 25 K to 50 K THB, just for the lawyer fees.  There is an automatic fee from the Department of Business Development of 18,000 THB, plus company tax must have been paid for that year, and the company must be "updated"  (annual filing) and finally the "company" is going to pay tax of the increased value of the property because of the house

    The closing down the company is my last issue and not important if it does not have claim to the land and house, getting the land and house away from the company is what I want to achieve. We paid for construction of the house to a builder and his crew by stage payments and I paid cash/transfer to them along the way. The house is registered at the tessabahn in the company name so unsure what this entails to get the house into my partners name and again if we should get married before all this takes place for protection. Any help on this one?

     

    Quote

     

    Once again how the cost of the construction was reported by the "company" will determine how much "profit" the company made on the house, which will determine tax owed, to close the company down

     

    There appears to be a certain amount of controversy on whether the company really has to be closed down officially.  It has to be closed since it no longer has any assets but the question is: will the DBD close it down automatically when it reports no longer having any assets ?

     

    This is where the honesty and integrity of your lawyer comes in.  Is he going to tell you about this possible loop hole or take your money to close down the company ?  My lawyer and I are going to test this loop hole before we officially close the company

     

    BTW, my only reason for doing this is for estate planning, lot's easier taking care of my girl now, than forcing her to deal with it when I die.  Be aware if you leave the property to your partner in your will , then only inheritance taxes kick in, and they are so low, they can be considered negligible.  And the company dies when the Director dies 

     

  10. I setup a company 15 years ago when I first met my thai partner and bought land and built a house, the plans for the house were registered at the tessabahn in the company name, the company name is on the chanote. My thai partner, myself and another are shareholders (Used to be 7 shareholders originally). We also want to get married but were put off doing so because we are both shareholders and at one time we got information from a solicitor who told us that this was not a good idea as you are both company shareholders.

     

    We have a 13 year old daughter and have been living happily together since. We want to dissolve the company and put the house in my partners name and make appropriate wills.

     

    Can anyone advise how to proceed with this issue?

     

    Many thanks

     

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