Whatever Posted January 6, 2008 Share Posted January 6, 2008 Someone (who has just built their own house up north) has jsut told me that now that my wife and I are leagally married she has lost her right to own land. Is this true does any one know a bit more about the subject? Cheers Link to comment Share on other sites More sharing options...
backflip Posted January 6, 2008 Share Posted January 6, 2008 "Someone" is wrong, your wife can buy property...and she'll probably use your money. Link to comment Share on other sites More sharing options...
Crossy Posted January 6, 2008 Share Posted January 6, 2008 "Someone" is wrong, your wife can buy property...and she'll probably use your money. Yep, that rule was recinded some years back, no problem with her spending your money on her land You will have to sign a document stating that you have no financial interest in the land when she transfers it into her name. Link to comment Share on other sites More sharing options...
Pib Posted January 6, 2008 Share Posted January 6, 2008 Your Thai wife "can" own land. At one time in the semi-recent past the Thai wife lost the right to buy/own land after marrying a farang; but that law/rule was changed about a decade ago back to allowing a Thai spouse to own land when married to a farang. She can own land just like any other Thai. However, when she buys the land you'll probably have to sign a form saying you have no claim to the money used to buy the land/it's all her money. "Someone" is using long outdated info. Link to comment Share on other sites More sharing options...
Whatever Posted January 6, 2008 Author Share Posted January 6, 2008 Thanks to everyone who has replied. To be honest I have already brought some land - or should I say I have paid for the land. We have two children already (3 and 1 years old) we really want the land to be in their name does anyone know what age they have to be? Link to comment Share on other sites More sharing options...
chuckd Posted January 6, 2008 Share Posted January 6, 2008 I put my house in Pattaya in my daughter's name when she was 11 years old. I have never heard of a minimum age being applied, but there may be one. Link to comment Share on other sites More sharing options...
dotcom Posted January 6, 2008 Share Posted January 6, 2008 Did you have to pay the 2% Transfer fee? Link to comment Share on other sites More sharing options...
Irene Posted January 7, 2008 Share Posted January 7, 2008 I put my house in Pattaya in my daughter's name when she was 11 years old.I have never heard of a minimum age being applied, but there may be one. There is no minimum age rule on property acquisition. I may be wrong, if I remember correctly there is one disadvantage, that is, if the young one (i.e. you) wishes to sell the land, then you cannot do so until he or she has reached the maturity age of 20. Link to comment Share on other sites More sharing options...
Irene Posted January 7, 2008 Share Posted January 7, 2008 Did you have to pay the 2% Transfer fee? Yes, on every transfer, i.e. change of name of beneficiary, 2% transfer fee shall apply. Not only that, 3.3% on land value shall also apply if the seller's period of ownership is less than 5 years. In addition, personal income tax calculated on a formula is also applicable. The land department can calculate for you prior to the "sale". Link to comment Share on other sites More sharing options...
chuckd Posted January 7, 2008 Share Posted January 7, 2008 Yes, I had to pay the transfer fee. That is also correct about selling the house. I cannot do so without court approval. She comes into her majority on her 20th birthday and can do whatever she wishes with the house at that time. Link to comment Share on other sites More sharing options...
Brigante7 Posted January 17, 2008 Share Posted January 17, 2008 Did you have to pay the 2% Transfer fee? Yes, on every transfer, i.e. change of name of beneficiary, 2% transfer fee shall apply. Not only that, 3.3% on land value shall also apply if the seller's period of ownership is less than 5 years. In addition, personal income tax calculated on a formula is also applicable. The land department can calculate for you prior to the "sale". What about if you put the land in your kids name first and not the wife's, or is that just wishful thinking? Link to comment Share on other sites More sharing options...
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