Transferring Condo Ownership to a Relative

[lowp]

I have an older non-Thai national that owns a condo in BKK and wants to transfer it into her daughter’s name.

Has someone done this before and what is the process, documentation and costs associated with a transfer of this nature?

 

Secondly, what would be the process and pro/cons of the condo being in a will - to be inherited by the daughter upon her passing?

Is inheritance recognized in the case of foreign ownership? Any major issues-worries with a non-Thai’s will being honored by Thai gov? 

The condo owner is not a US citizen as some rules are different for US nationals at least in the business realm. Thanks

[Robert Paulson]

Non citizen inheriting? I think she’d have to sell it in a year. If you transfer ownership they want all tax and foreign funds remittance for a value that they deem. It’s all a heist. 

[scubascuba3]

A transfer to another name is same as a sale, same taxes, just go to land office

[Peterw42]

A condo can be in a will and inherited, but as others say, the usual taxes, fees and foreign funds is the same as a normal sale. If the land office says the condo is worth 1 M baht then the person inheriting the condo will need to show that amount of foreign currency coming in to Thailand. They can then spend the money or send it back home, but the money has to come in.