Withdrawing Capital Gains On Asset Sales In Thailand

[torrenova]

Say you bring in Bt3m and you buy a condo and then at some later point you sell the condo for Bt10m. You have made Bt7m and have Bt10m in the bank. Are you allowed to withdraw the full Bt10m from Thailand or just the original Bt3m or somewhere in between ?

Would it make a difference if it was your primary residence ?

If you owned a business but did not need a WP, then what would be the situation ?

I know the 20+ bank accounts and Bt200,000 to Bt500,000 per day, per account from foreign ATMs and the support route but what about a normal transfer ?

Would a Thai person (use your wife for this example) who was moving to the UK and needed money make any difference ?

[aurelius]

The sale and purchase agreement will be used as a validation for the amount received from the sale, in addition to the evidence of the incoming transfer (or salary slips in the case of income earned) which represents the source of the original capital invested.

[torrenova]

The sale and purchase agreement will be used as a validation for the amount received from the sale, in addition to the evidence of the incoming transfer (or salary slips in the case of income earned) which represents the source of the original capital invested.

Agreed but the initial amount would, in the case of the condo, only amount to Bt3m. What about the other Bt7m ?

[PennyFarthing123]

I may be wrong but I believe you can take the Bt7m out if you show you have paid the owing taxes.

[PattayaParent]

You'll get a blue slip from the land office stating the amount of the sale that you have paid tax on.

You can transfer that amount out.