Jump to content

Recommended Posts

Posted

Best I can explain this, is that we have a dwelling on a parcel of land which is now Chanote Title, it was previously one Title under Chanote Title, and was owned by my wife's Grandmother, who recently passed at a ripe old age of 90. 

 

The land from my understanding was transferred to the my wife's Auntie (daughter of Granny) after Granny's passing, with no duty/taxes payable as she was the daughter of the land owner, i.e. free transfer, but for maybe some baht for registration of the land in her name ?

 

It is a huge piece of land of about 8 Rai and she recently asked us if we wanted to by some (family rates of course) as she doesn't want outside neighbors (noise, etc).

 

The question I have is, do we have to pay duty/taxes etc on the whole value of the 8 Rai of land, even though we would only be buying a slice of it with our house already on it + the land next to our house which is about 1,000 square metres that we would be buying, in all about 2,000 square metres, that's 1,000 of the land we have and a 1,000 square metres we would be buying, giving us a total of 2,000 square metres, as mentioned above.

 

The wife, who I don't doubt, says, we have to pay duty/taxes on the whole 8 Rai, then some registration fees on the land our house sits on, including the land we are looking at buying next door to us as a whole 2,000 square metres, e.g. she says it's best not to subdivide the two lots, e.g. the 1,000 square metres that we are looking to buy on it's own, as we will have to pay again on the 8 Rai, but if we do it as a whole (2,000 square metres), it's free in the future to subdivide and transfer the additional land (1,000 square metres) that we are looking to buy to the kids, and all they would have to pay would be the registration fee, e.g. (free transfer to kids).

 

If on the other hand we decided to sell the 1,000 square metres in years to come, we would have to subdivide that land, (1,000 square metres), and we would have to pay duty/taxes on the 2,000 square metres and not the 8 Rai, if I understood her correctly ?

 

Anyone have any experience on this, and my wife is not pushing for us to buy it, either way, we don't care, but I'm with the Auntie about noisy neighbors who might move in between the two of us vs Mr Farang helping out the Auntie if the price is right, and leaving it there for the kids in the future, I mean we are only talking around 300k-500k baht which is affordable and worth not being disturbed of the unknowns that might move in, in the future, and as there is no zoning restrictions, I wouldn't want a panel beating/mechanic/restaurant setting up here as we enjoy our privacy and peace and quite.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



  • Topics

  • Popular Contributors

  • Latest posts...

    1. 3

      Bars will be open this weekand now, but not 7/11's

    2. 28

      Trump Issues Stark Warning to Iran: 'We Can Blow Them Up Nicely or Viciously'

    3. 451

      EV Charging Stations (CS)

    4. 222

      Thailand Digital Arrival Card. TDAC

  • Popular in The Pub

×
×
  • Create New...