Selling Property And Withdrawing Funds From Thailand

[thelm]

Hi,

can anyone tell me about the implications of selling a condo and taking that money out of the Kingdom back to U.K. ?

What taxes/ costs are involved. What can I expect to pay?

thank you,

[chiang mai]

Hi,

can anyone tell me about the implications of selling a condo and taking that money out of the Kingdom back to U.K. ?

What taxes/ costs are involved. What can I expect to pay?

thank you,

Do a search on this forum since the subject has been covered exhaustively many times. In a nutshell, you will need the receipt from the Land Office showing that tax was paid on the sale - the tax paid amount signifies how much money can be exported, NOT the certificate that was received when the money was originally brought in. Banks in Thailand act as agents of BOT for this purpose. If the amount on the receipt is less than the amount you want to take out don't worry, it can be done.