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Posted

If I buy a condo for less than the land office valuation, how much do I have to show that I have transferred form overseas? The amount on the contract or valuation?

Posted

The purchase price that you declare to the land office has to be equal or under the amount

you transfer from overseas.

Remember that you can only return the same amount back overseas when you sell

too.

Posted

The purchase price that you declare to the land office has to be equal or under the amount

you transfer from overseas.

Remember that you can only return the same amount back overseas when you sell

too.

I am not sure that's correct. You could, if you wanted declare a price higher as who is to say all of the fund are coming from overseas?The last part is correct in that you can usually only transfer back what you originally sent.

Posted

The purchase price that you declare to the land office has to be equal or under the amount

you transfer from overseas.

Remember that you can only return the same amount back overseas when you sell

too.

I am not sure that's correct. You could, if you wanted declare a price higher as who is to say all of the fund are coming from overseas?The last part is correct in that you can usually only transfer back what you originally sent.

What about capital gains, should you be so lucky?

Posted

As far as I am aware if you bring X amount for the purchase of a condo and you sell Condo for Y amount which is greater then as long as you can show it is from the sale of said Condo and you have paid taxes then you can transfer Y amount out of Thailand.

But don't quote me on that rolleyes.gif

Posted

The purchase price that you declare to the land office has to be equal or under the amount

you transfer from overseas.

Remember that you can only return the same amount back overseas when you sell

too.

I am not sure that's correct. You could, if you wanted declare a price higher as who is to say all of the fund are coming from overseas?The last part is correct in that you can usually only transfer back what you originally sent.

If you declare a higher price than what you transferred from overseas then you wouldn't be able to

purchase in your name.

Posted

As far as I am aware if you bring X amount for the purchase of a condo and you sell Condo for Y amount which is greater then as long as you can show it is from the sale of said Condo and you have paid taxes then you can transfer Y amount out of Thailand.

But don't quote me on that rolleyes.gif

That is correct as long as it doesn't exceed the original amount transferred from overseas when the purchase was made.

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