Thai housemaid’s 100 million baht fortune hits a legal snag

[Liverpool Lou]

11 hours ago, lordgrinz said:

Yes, invest in Thailand, your money is safe ...Not.

...if you try to circumvent the law.

[Liverpool Lou]

11 hours ago, crazykopite said:

And this will happen to all who have set up companies for house ownership

No, it will not, unless they set up the company illegally, using illegal nominees.

[Liverpool Lou]

11 hours ago, crazykopite said:

what will happen with the crooked lawyers and accountants will they be charged I doubt it 

They are being investigated also.

[Liverpool Lou]

11 hours ago, quake said:

The Hub of dishonesty strikes again.

 

The hub of dishonest foreigners setting up illegal companies.

[Liverpool Lou]

11 hours ago, john donson said:

21 hours ago, CallumWK said:

When will the next post from the experts on here appear stating, the government will never take action against the limited companies registered to own real estate?

Oh wait, wasn't there a news article just yesterday about the intention of the government taking action about exactly that?

 

they can use this one as a first example and start to impound / steal all others...

This wouldn't be the first, only a few months ago there was a lot of publicity surrounding many cases uncovered in Phuket.

[Liverpool Lou]

11 hours ago, Theforgotten1 said:

So what is the difference between a legit company and a fake company? Is it the workings of company and tax paid .   Who are the police to decide the outcome of the will, surely it should be a court of law 

Legitimate companies are not incorporated using unknown nominees simply in order to appear to allow foreigners to own land here. 

 

The police are not "deciding the outcome of her will", they are determining the legality of the ownership of the assets which, if determined to be illegally acquired, will go to the state and reduce or eliminate the assets nominated for distribution. 

[Liverpool Lou]

11 hours ago, ThaiPauly said:

She needs to get a good lawyer  but as she has no personal wealth, he or she wouod have to be willing to take on the case pro bono

Until it has been determined whether there are any legal assets left to be willed she has no need for a lawyer, the assets are not hers until probate has been completed.  

[Liverpool Lou]

11 hours ago, TheFishman1 said:

to all foreigners that have the same type of agreement with the corporations and company they start be aware when you pass and die guess who’s getting it the cops are just keep getting richer and richer TIT

...only if it is done illegally, as in this case!  

[Liverpool Lou]

11 hours ago, hotchilli said:

Absolutely, they were happy for her to invest her millions of baht to buy land, and build property giving her all the green lights,

Now she's gone and wanted to hand the estate to the husband and maid they are trying to find every conceivable way to claw it all back saying it was illegally done... funny how nothing was said when the money was flowing in before?

There was no reason for the company to be investigated until now.  On the face of it the company would have appeared to have been set up legally until close inspection of the (illegal) nominees.

[PingRoundTheWorld]

On 11/26/2024 at 1:37 PM, snoop1130 said:

all of Catherine’s assets will eventually become state property

So they're stealing it. Legally. FFS.

[Liverpool Lou]

11 hours ago, gravity101 said:

11 hours ago, baansgr said:

Why didn't she just have 2 shareholders she knew, one being Tim, and it would have been legal, doesn't make sense especially when such large sums of money are involved

Tim would be classed as a nominee also.

The difference is that Tim could have been a legal shareholder, not an illegal nominee, and none of this would now be happening.

[PingRoundTheWorld]

21 minutes ago, Liverpool Lou said:

The hub of dishonest foreigners setting up illegal companies.

You're speaking like she was a drug dealer or something. She just owned rental properties. The real question is why foreigners cannot own land in Thailand. I'd understand a limitation to X properties per person, sure, but a swift ban on foreigners owning houses is ridiculous and is the reason why this so-called "illegal" activities are taking place.

[Liverpool Lou]

11 hours ago, zepplin said:

Agh the Thai gov is shooting them selves the the foot again, it’s all legal...

Nominee shareholders used for the purpose of this case have never been legal.  Legitimate Thai shareholders in the company is what has always been legal. 

[Liverpool Lou]

11 hours ago, lordgrinz said:

 

Spread among the men in brown, for all their hard work in rooting out this criminal enterprise. Good thing their suspect/defendant is dead and can't defend herself.

If she was still alive she would not have been able to defend herself successfully against a case using nominee partners, what she did was 100% illegal.

[Liverpool Lou]

11 minutes ago, PingRoundTheWorld said:

34 minutes ago, Liverpool Lou said:

The hub of dishonest foreigners setting up illegal companies.

You're speaking like she was a drug dealer or something. She just owned rental properties.

No, I wasn't, I was responding to someone claiming Thailand to be the hub of dishonesty (or words to that effect).  In this case the dishonesty was on her part.

 

"She just owned rental properties".

She just illegally "owned" land and properties.

[Liverpool Lou]

15 minutes ago, PingRoundTheWorld said:

but a swift ban on foreigners owning houses is ridiculous

There is no ban on foreigners owning houses.

[lordgrinz]

57 minutes ago, Liverpool Lou said:

...if you try to circumvent the law.

 

The dead woman is innocent until proven guilty, right? Not exactly sure how she will defend herself though.

[SiSePuede419]

14 hours ago, hotchilli said:

14 hours ago, terryofcrete said:

Inheritance tax ...is that not clawing money from the dead. .

Absolutely

Absolute...Twaddle. 😂

 

BZZZZZZ.

 

Inheritance tax takes SOME--NOT ALL money from the LIVING survivors.

 

The moral value behind inheritance tax often stems from principles of equity, social justice, and economic fairness. Here’s a breakdown of its moral foundations:

1. Redistribution of Wealth:
Inheritance tax can help reduce economic inequality by redistributing wealth from those who inherit large fortunes to fund public goods and services. The idea is that no one should gain undue advantage merely by birthright.

2. Meritocracy:
Inheritance tax aligns with the belief that people should succeed based on their abilities and efforts rather than unearned wealth. It encourages individuals to build their own achievements instead of relying on inherited privilege.

3. Social Responsibility:
Those who inherit significant wealth benefit from societal systems (e.g., legal protections, infrastructure, and education) that enabled their predecessors to accumulate that wealth. Inheritance tax ensures that a portion of this wealth is returned to support the community.

4. Preventing Dynastic Wealth:
Without inheritance tax, wealth can become concentrated within a small group of families across generations, perpetuating class divides and limiting social mobility.

5. Equality of Opportunity:
By channeling tax revenues into education, healthcare, and other public services, inheritance tax can create opportunities for those who did not inherit wealth, fostering a fairer society.

[SiSePuede419]

Approximately 93-94% of estates in the UK fall below the £325,000 threshold and therefore do not pay any Inheritance Tax.

 

Only about 6-7% of estates exceed the threshold and are liable for inheritance tax.

 

Why would you <deleted> be concerned with Inheritance tax? 🤣

 

[bristolgeoff]

I read about this at the time,they was something not right but i thought the will or who was mentioned get what was noted to her.Now it seems she will get nothing not right  really.Maybe the others where jealous for sure that she got the lot and so who gets it now the gov i imagine

[bananafish]

As soon as we heard the story, we all knew the vultures would see to it that the maid got nothing. 

[hotchilli]

9 hours ago, SiSePuede419 said:

Absolute...Twaddle. 😂

 

BZZZZZZ.

 

Inheritance tax takes SOME--NOT ALL money from the LIVING survivors.

 

The moral value behind inheritance tax often stems from principles of equity, social justice, and economic fairness. Here’s a breakdown of its moral foundations:

1. Redistribution of Wealth:
Inheritance tax can help reduce economic inequality by redistributing wealth from those who inherit large fortunes to fund public goods and services. The idea is that no one should gain undue advantage merely by birthright.

2. Meritocracy:
Inheritance tax aligns with the belief that people should succeed based on their abilities and efforts rather than unearned wealth. It encourages individuals to build their own achievements instead of relying on inherited privilege.

3. Social Responsibility:
Those who inherit significant wealth benefit from societal systems (e.g., legal protections, infrastructure, and education) that enabled their predecessors to accumulate that wealth. Inheritance tax ensures that a portion of this wealth is returned to support the community.

4. Preventing Dynastic Wealth:
Without inheritance tax, wealth can become concentrated within a small group of families across generations, perpetuating class divides and limiting social mobility.

5. Equality of Opportunity:
By channeling tax revenues into education, healthcare, and other public services, inheritance tax can create opportunities for those who did not inherit wealth, fostering a fairer society.

[baansgr]

10 hours ago, PingRoundTheWorld said:

You're speaking like she was a drug dealer or something. She just owned rental properties. The real question is why foreigners cannot own land in Thailand. I'd understand a limitation to X properties per person, sure, but a swift ban on foreigners owning houses is ridiculous and is the reason why this so-called "illegal" activities are taking place.

They are not bothered about a few poxy rai in Samui or Phuket...it's the agriculture land that is the main concern..the tiger from the North would have purchased most of Thailand if it wasn't in place. No need.for any foreigner to own land in any country but their own

[john donson]

12 hours ago, SiSePuede419 said:

Approximately 93-94% of estates in the UK fall below the £325,000 threshold and therefore do not pay any Inheritance Tax.

 

Only about 6-7% of estates exceed the threshold and are liable for inheritance tax.

 

Why would you <deleted> be concerned with Inheritance tax? 🤣

 

 

my country  tax  75%  between brother and sister...

[tonypattaya]

A Thai company owned the properties. Period. Why, cannot a claim be made for the ownership of this company?

[Liverpool Lou]

13 hours ago, lordgrinz said:

14 hours ago, Liverpool Lou said:

...if you try to circumvent the law.

 

The dead woman is innocent until proven guilty, right?

According to the investigation her company was registered with illegal nominee shareholders and the lawyer involved is also being investigated.  This is not a criminal case that would produce a "guilty" or "not guilty" verdict and a deceased person cannot be tried.

[lordgrinz]

Just now, Liverpool Lou said:

According to the investigation her company was registered with illegal nominee shareholders and the lawyer involved is also being investigated.  This is not a criminal case that would produce a "guilty" or "not guilty" verdict and a deceased person cannot be tried.

 

Yeah, just all her money stolen without her day in court. I like how they waited until she was dead to figure this all out, then take it all in the name of justice.

[Tropicalevo]

On 11/26/2024 at 10:14 PM, CallumWK said:

When will the next post from the experts on here appear stating, the government will never take action against the limited companies registered to own real estate?

Oh wait, wasn't there a news article just yesterday about the intention of the government taking action about exactly that?

 

From the BP reported previously and again today - they are going to investigate less than 27,000 possible nominee juristic persons in this crackdown.

And that is across all five sectors.

There will be more nominees than that owning villas, just in Phuket.

They are not after every Tom, Dick or Harry who has bought a pizzy little villa in Nakhon Sri Nowhere.

 

I am not an expert but I do read and comprehend.

 

Quote

The DBD plans to investigate 26,830 juristic persons next year in tourism, real estate, hotels and resorts, transport and logistics, and e-commerce platforms and warehouses nationwide as part of its crackdown on Thai nominees.

Please credit and share this article with others using this link: https://www.bangkokpost.com/business/general/2909962/anti-nominee-battle-plan-drawn-up. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved.

 

[mdr224]

Seems like thailand is the country where money goes to die. Not the place where rich foreigners should feel comfortable 

[CallumWK]

2 minutes ago, Tropicalevo said:

From the BP reported previously and again today - they are going to investigate less than 27,000 possible nominee juristic persons in this crackdown.

And that is across all five sectors.

There will be more nominees than that owning villas, just in Phuket.

 

As far as I'm aware, because many years ago (now sold) I also owned a property through a limited company, the same 2 shareholders will be nominees in hundreds of companies.