Condo blues ....

[tictoc]

Afriend in the Uk, owns a condo here in Thailand and he has asked if I can find out ,should he sell the condo how easy would it be to transfer the money he made on the sale , back to the UK...? and would there be any form of tax he would have to pay...? any information or advice would be welcome... Thanks.

[Bob Chittie]

Might bes best to contact one of the larger real estate agents who would have experience with this. Good luck.

[samuisam]

they generally do not allow the transfer of more than $5000 US with out filing a 'Tor Tor' of some sort with the Bank of Thailand.  Easier to take it out in Chunks of $5000, if they'll even allow that.

[wolf5370]

Have a friend - Finish- who took $USD 10k to Thailand, had his wife - Thai - open anaccount, deposit the money, then transfer it 2 days later. She had some questions to answer - bank were worried about money laundering (drugs etc), but went through OK in the end. It was via BKK Bank - a main branch in BKK. Think a steady series of 5k transfers from Thai to foreign account would not raise too many eyebrows.

[george]

Another option is to buy Travellers Cheques, USD 5,000 or even 10,000 USD is no problems. Just say that you are travelling ...