July 20, 200718 yr If I want to transfer the house we purchased using a company to my Thai wifes name anybody know what it costs (%) or any difficuities in doing it Cheers
July 20, 200718 yr If I want to transfer the house we purchased using a company to my Thai wifes name anybody know what it costs (%) or any difficuities in doing itCheers Its not hard to do, but not cheap. As a rough estimate allow 6 percent for the transfer taxes, then the taxes for the lease (if 30 year lease with wife) and shutting down the company on top of that - I assume you will shut down the company. I have a quote from Sunbelt somewhere - I will see if I can find it.
July 20, 200718 yr If I want to transfer the house we purchased using a company to my Thai wifes name anybody know what it costs (%) or any difficuities in doing itCheers Here is the quote form Sunbelt. Hope it helps: Message Forwarded From Sunbelt Asia 1. Removing the land from the company and putting into my wife’s name. Our professional fee is 8,500 Baht 2. Creating a lease whereby I have sole use of the land for a period of 30 years, drawn up in such a way as I have as many rights as is possible and protects me as best as possible under Thai law Our professional fee is 9,500 Baht 3. Removing the house from the Company and putting into my name Our professional fee is 8,500 Baht 4. Closing down the company. If this company has had no activity other than owning the house, we have people who are interested in a shelf company from time to time. The fee than would be 6,000 Baht If it has had activity, then the process takes around 2 years. The professional fee would be 25,000 Baht plus expenses. ( advert in the newspaper twice and two audits) Will ---- Writing a Will in my wife’s name naming me as the beneficiary in the event of death. I this will allow me one year to dispose of the property or transfer the lease – whichever option I prefer to choose. Our professional fee is 9,500 Baht. Tax ---- The tax would be around 6% Regards Greg SunBelt Asia
July 21, 200718 yr Any agreement between spouses during marriage can be avoided by either spouses at any time during marriage or within one year from the date of dissolution. Section 1469 Thailand Civil and Commercial Code: 'Any agreement concluded between husband and wife during marriage may be avoided by either of them at any time during marriage or within one year from the day of dissolution of marriage; provided that the right of third persons acting in good faith is not affected thereby'. I love my company more and more.
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