House Purchase And Re-sale

[dave2222001]

I do not have a Thai Wife but have been thinking of buying a house in Thailand. I understand that any cash would have to be transfered correctly through the Banking system to show that it originated abroad. Currently I work in Thailand though this may not last.

We are both approaching retirment age and would initially rent out the property and eventually take up residents.

What i would like to know is what is the situation if we sell the property regarding taking the proccedes including any profits back out of the country. Any restrictions or problems we may encounter.

Thanks for the advice

Dave S

[dr_Pat_Pong]

Back to square one Dave. Foreigners cannot own land, and the ways around the laws a bit too messy for you to bother about. You can own a condominium, so you might care to think about a condo instead.

[KenUdon]

Dr PP

Just a thought, but seems a Pinned Topic on this subject could save an awful lot of repeat questions and more of your time also.

[dr_Pat_Pong]

A good idea Ken. Nobody bothers to look, just posts the question. Thanks pal.