Hypothetical Scenario

[lawnmuller]

Let's say, my wife and I go to Thailand. We buy a house. She buys the land (she is Thai citizen).

I have a "Retirement Visa". 2 years from now, we decide to move back to the US or elsewhere.

We sell the house....make some profit.

Are we libel for taxes on the profit? Does anyone know how much percent?

Are we able to take the money out of Thailand?

Has anyone gone through this already?

Thanks!

[Dragonman]

Google "transfer costs" and you will find Sunbelt's detailed calculations.

No problem taking the money out if you have a paper trail and you have paid your taxes.

Only problem you will have is selling at a profit if current situation continues.

[naturalpoints]

Google "transfer costs" and you will find Sunbelt's detailed calculations.

No problem taking the money out if you have a paper trail and you have paid your taxes.

Only problem you will have is selling at a profit if current situation continues.

TRUE!