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Hi everyone, 

 

As the title suggests, my wife and I are considering purchasing a condo in Thailand. We are both foreigners. I have a few questions regarding the best way to go about this.

 

1. The agent that we are dealing with has told us that it is possible to add both of our names to the chanote. However, we do not have any joint accounts, so the money from overseas would only come from my wife's account. The agent has told us that if we specify on the FET that the money is specifically for purchasing a condo in both of our names, that we can add my name to the chanote as well. Is this accurate, or does the money need to come from a joint account?

 

2. Our main reason for preferring both names on the chanote is to avoid any potentially messy/expensive situation if one of us were to pass away. I am assuming that it would be easier for the other party to continue owning the condo if their name was already on the chanote VS if it was simply left to them in a will? Perhaps my assumption is wrong.

 

3. If we decide to only add one of our names to the chanote, would it be possible to leave the condo to the surviving spouse in a will? (Foreign spouse to foreign spouse?) Is this possible in Thailand? I would assume that this route might include inheritance/gift tax? 

 

I did see the similar thread regarding joint condo ownership, but that thread left several questions unanswered.

 

Thank you for in advance for any clarification of these questions.

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