Will Thai condo sales to foreigners become seasonal because of tax enforcement??

[Jingthing]

Correct me if I'm wrong, but here goes.

For a foreigner to buy a Thai condo, she must import the funds from abroad.

It is my understanding that if the foreigner is a Thailand tax resident during the year of such large imports, they will be tax liable for that transferred in money (according to the specific sources of the money) if they are a Thai tax resident that year.

Yes there is the exclusion of being able to bring in BANKED money up to December 31, 2023 anytime later even if a tax resident without Thai tax consequence, so for those with condo funds like that, of course that would be OK.

But assuming going forward, most imported money for condos will not be exempted for that as that kind of money will eventually be drained for most.

So given that, it would be rather crazy to be a Thai tax resident during such a purchase year if there is any choice.

So people MOVING to Thailand will likely purchase their condos in the second half of the year only, waiting to move to Thailand long enough to NOT be tax resident that year (the 180 day rule). 

Other people buying at different times may find it wise to be away during that year over 180 days.

But it seems to me the new to Thailand buyers would be more predictable, causing a seasonal bulge in demand for the second half of the year.

Won't this be a major downer for the condo market segment that caters to foreigners overall if it becomes much more seasonal?

Never mind this if transfers to buy condos are exempt already, but if they're not exempt, shouldn't the real estate industry be lobbying to make them exempt?

[scubascuba3]

Looks like guys with Thai wives and girlfriends will just suck it up, they are going nowhere, the rest of us can do anything and live away 6 months a year, that can be any time. Maybe better to have another life elsewhere for 6+ months. Ridiculous taxing money for a condo, car etc as income