Another Question On Fetf

[tacchan23]

Hello,

me and my thai wife are planning to buy a condo in Bangkok in the next year.

About 85% of the money would come from my Bank in Italy and transfered to my account at Kasikorn Bank.

The other 15% is my wife money already in Thailand in her bank account.

We plan to buy the condo on my name.

From my understanding usually I should get a FETF reporting an amount of money equal or greater than the price of the condo being purchased.

Is there any difference being married to a thai national? (as the condo will be common property anyway, whoever the name on the documents)

Or the above plan is simply not possible and I have to move the full amount from aboard to my thai bank anyway? (or transfer all the money to my wife account and buy it on my wife name)

Thanks in advance!

[PattayaParent]

It depends on the value of the condo as assessed by the land office.

If your 85% is higher than the land office assessment value then you are OK, if not you have to transfer the full amount to put the condo in your name, or put it in your wife's name.

Edit: typo

Edited July 22, 2011 by PattayaParent