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Subdivide, build and sell and repeat: best way to minimise tax
Hi I'm considering a long term (10 year+) plan to develop some land in Krabi. Details below. My wife has approx 4 rai in Krabi with good mountain view, quiet area maybe 10 or 15m drive from Ao Nang tourist area. I have a lifetime usufruct in my name over the land. We are looking at subdividing it into 4 or 5 lots, all lots will all have road frontage and mountain view, then building a 4x3 decent size pool villa on the first lot for ourselves to live in. Quality western style build. Our theory is that Krabi tourism will continue to increase over the next 10 years and land prices and demand for this style of property will increase over that time. There are already a number of pool villas around the area. \\ Basic plan is: Step 1 Subdivide into 4 or 5 lots We have already spoken to the Krabi land office and this land is ok to subdivide Step 2 Build first pool villa and live in it (house plan will be lodged with land office in my name) Step 3 Once built and garden established etc live in it for a year then advertise for sale, if it sells for decent profit, sell If it doesn't sell for decent price who cares, live in the nice pool villa forever, advertise it again every year or 2 until it sells for decent enough profit, no rush to sell Step 4 If it sells, use the profit and repeat step 2 and build on the next lot Step 5 Rinse and repeat until all sold \\\ I guess my goal is to minimise any applicable capital gains or others tax so the question is: * should this be done thru a Thai company or is there no tax advantage to doing that? * should the Thai company be setup and land transferred to company prior to step 1 or does it not matter (ie can it be done at step 3 and asset then transferred to company once build etc)? We will also consult a good lawyer however just wondering if anyone has experience with doing anything similar, ie subdividing and selling off land or land/house thru a Thai company vs selling as individual. Thanks for any replies Daniel -
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Community Teaching Water Survival Skills: Lifesaving Lessons for Phuket Youth
True, a field trip to the nearest lake with all children learning the basics, although that would take a teacher that can swim, and it seems many adults here have never been shown the basics themselves. It's a parents job first also. -
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Report British Woman Arrested at Heathrow for Cannabis Smuggling
yes, they must be turning a blind eye to this. Maybe they just don't want the problems that go with an arrest. It makes security at Thailand's airport's look very bad. -
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What Movies or TV shows are you watching (2025)
Das Boot, Run Silent , Run Deep, Rupture, The Mechanic, Barbershop 1-2. -
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Community Teacher Beats 7-Year-Old with Metal Ruler, Says “Let Her Die” , Mother Files Police Report
Most parents were afraid to come forward..........? -
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Accident CCTV Footage Shows Young Schoolgirl Killed in Motorcycle Collision with Lorry
That helmet law enforcement isn't coming fast enough. Not that this would have helped matters, her being driven over, but it would save many lives protecting heads, and if she was wearing a good helmet, might have saved hers.
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