Here is the situation. I am married to a Thai and she owns one condominium which she wants to gift to me. It is under Thai quota (foreign quota available in this building) and of course we are aware that we have to pay the taxes as if she would sell it to me.

But here is the question about the foreign currency transfer that needs to occur:

1. Do I need to transfer the, for example, amount of one baht plus taxes from abroad?
2. Or do I need to only transfer the amount that we would write down in the sales contract?
3. And is it possible at all to sell it for one baht, ten baht or one hundred Thai baht to me?

The background is that we do not want to find ourselves in the situation that my wife dies and the condominium cannot be inherited by a foreigner. My wife wants to avoid that her siblings would get any of the property that we built up together.

It can be inherited by a foreigner

2 hours ago, zappalot said:

Here is the situation. I am married to a Thai and she owns one condominium which she wants to gift to me. It is under Thai quota (foreign quota available in this building) and of course we are aware that we have to pay the taxes as if she would sell it to me.

But here is the question about the foreign currency transfer that needs to occur:

1. Do I need to transfer the, for example, amount of one baht plus taxes from abroad?
2. Or do I need to only transfer the amount that we would write down in the sales contract?
3. And is it possible at all to sell it for one baht, ten baht or one hundred Thai baht to me?

The background is that we do not want to find ourselves in the situation that my wife dies and the condominium cannot be inherited by a foreigner. My wife wants to avoid that her siblings would get any of the property that we built up together.

Any transfer of ownership will be seen by the land office as a sale, and the normal taxes and fees will be payable, The taxes, of around 5%, will be calculated on what the land office says the property is worth.

The property can be willed to you, but I think you will find the taxes/fees will still need to be paid, and a foreign currency transfer shown for the amount of the condo valuation.

48 minutes ago, Peterw42 said:

Any transfer of ownership will be seen by the land office as a sale, and the normal taxes and fees will be payable, The taxes, of around 5%, will be calculated on what the land office says the property is worth.

The property can be willed to you, but I think you will find the taxes/fees will still need to be paid, and a foreign currency transfer shown for the amount of the condo valuation.

Not sure about that, transfers between family members are seen as different to sales by the land office.

My misses was gifted a farm by her mother, very little tax to be paid.

Reason for transfer entered on form at land office, "because I love her".

Amount entered on transfer form, "zero baht"

So, if I have money in Thai Baht (example expat working and earning Baht), can I ask my wife to purchase a condo with my money & gift it back to me and avoid importing foreign currency into Thailand?

33 minutes ago, saakura said:

So, if I have money in Thai Baht (example expat working and earning Baht), can I ask my wife to purchase a condo with my money & gift it back to me and avoid importing foreign currency into Thailand?

Irrespective of how you acquire a condo, purchase, inheritance, gift, won it in a card game. To have your name on the title deeds as the foreign owner, you need to show an amount of foreign currency transferred into Thailand equal to the land office value of the condo.

Its for the very reason you outline, that you cant gift property to avoid the usual taxes, regulations etc .

On 8/18/2025 at 3:45 AM, scubascuba3 said:

It can be inherited by a foreigner

 

Yes, I think as well, but when doing a last will at the local district my wife was told that her alien husband (me) can not inherit the condo. 

 

So I can, just need to bring in the amount the apartment is valued at by the land department. So thats fine to me.

 

Anyone on how to get out the amount brought in from overseas back to where it came from? 

7 hours ago, zappalot said:

 

Yes, I think as well, but when doing a last will at the local district my wife was told that her alien husband (me) can not inherit the condo. 

 

So I can, just need to bring in the amount the apartment is valued at by the land department. So thats fine to me.

 

Anyone on how to get out the amount brought in from overseas back to where it came from? 

The problem seems to be whether foreign quota is available, if not then can't put the condo in your name, but definitely can inherit the condo. Deepseek gives a thorough answer on this

On 8/18/2025 at 2:26 AM, Peterw42 said:

Irrespective of how you acquire a condo, purchase, inheritance, gift, won it in a card game. To have your name on the title deeds as the foreign owner, you need to show an amount of foreign currency transferred into Thailand equal to the land office value of the condo.

Its for the very reason you outline, that you cant gift property to avoid the usual taxes, regulations etc .

 

I agree with this. When I divorced my Thai wife, I had to transfer from overseas, the equivalent of 50% of the asessed value of the condo to get the ex-wife's name removed from the chanote (we were joint owners on purchase, and therefore then me be the 100% owner). Thankfully, there was no issue with foreign ownership quota