Transferring capital gained money out of Thailand

[dr_lucas]

Is it possible for a foreigner to transfer money out of Thailand that was gained when the foreigner sold a condo he previously purchased?

eg. Condo purchased for 10m baht (original 10m amount came from abroad obviously) and sold for 20m. Is it ok to TT all the 20m or only 10m baht?

[kwonitoy]

You can transfer the amount of money that's had the taxes paid for it at the land office without any problem.

Land office will give you a receipt for taxes paid amount and take that to the bank.

 

Agents in Thailand will report a lower number of sales price to the land office to pay less tax, but it's a double edged sword when trying to transfer the money out.

 

[sammieuk1]

If no solution found buy gold and wear it out ????

[dr_lucas]

7 hours ago, kwonitoy said:

You can transfer the amount of money that's had the taxes paid for it at the land office without any problem.

Land office will give you a receipt for taxes paid amount and take that to the bank.

 

Agents in Thailand will report a lower number of sales price to the land office to pay less tax, but it's a double edged sword when trying to transfer the money out.

 

Not only that declaring lower sale price is a double edged sword, but it's also usually a tiny savings when the major taxes are based on appraisal value anyway. Illegal and not worth it for most sellers IMHO. 

[Delight]

Given that no  Thai money actually moves using DEE MONEY-then could this system be used?