It also catches the retiree who bought one home a decade ago through a company structure, a respected Thai law firm sold as the standard way to do it, and who has done nothing since but live there and pay tax. That person was not gaming the system. False, according to a Farang Thai Tax professional in Bangkok it's always been illegal, but seldom enforced. Just like speeding. Not enforced but illegal. What's always been legal is for a 49% Farang to pay 100% of the money to a 51% Thai to buy property or operate a business and the Thai person gets to call the shots and run the property (hotel, whatever) or business into the ground through lazy, inept "whatever is easy for me" Thai management. 😜
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