Thai Property & Income Taxes

[dharmabum]

I'm rapidly approaching 50 years old. I'm contemplating retiring

to Udon Thani or Nong Khai. I'm interested in purchasing a home for about THB 4,000,000 (yes, I know farang can't actually own land but that is a separate problem).

Can anyone tell me about property taxes in Thailand?

I have a small engineering consultancy and manufacturing business

that I might want to move to Thailand after I officially "retire". Will

this impact my retirement visa? Most of the my consulting work is done through the Internet but the actual product(s) could be made in Thailand.

Thanks for any information or insights...

Wayne

[ProThaiExpat]

The Thai who has title to your land will pay a tax upon transfer of the property from the previous owner and will have to pay tax on any rental income you recite if you lease the land from him upon which you will build your house.

If your income from internet consultancy is deposited into a off-shore or foreign account, you most likely won't have to pay tax on it, although, technically it is payable.

Working for money while on a retirement visa is strictly prohibited.