Jump to content

Exiting the condo market or executing a will


Recommended Posts

I have inherited the condo from my late father, non-Thai to non-Thai. I was the executor and beneficiary of his will written and signed in Thailand.

 

The will had to first be submitted to the Thai court together with other documents such as copies of death certificate, passports, etc. to get a court order appointing me as the executor of his will. A Thai lawyer would be able to guide you on this procedure.

 

There is no need for a new FET to transfer from non-Thai to non-Thai. Problem only arises when transferring from Thai to non-Thai.

Link to comment
Share on other sites

Just now, trogers said:

I have inherited the condo from my late father, non-Thai to non-Thai. I was the executor and beneficiary of his will written and signed in Thailand.

 

The will had to first be submitted to the Thai court together with other documents such as copies of death certificate, passports, etc. to get a court order appointing me as the executor of his will. A Thai lawyer would be able to guide you on this procedure.

 

There is no need for a new FET to transfer from non-Thai to non-Thai. Problem only arises when transferring from Thai to non-Thai.

Any transfer fees?

 

And it says something about having to dispose or sell the condo after 1 year. No?

 

And what year was it first purchased and year transferred?

 

Thanks, The condo act is difficult to decipher.

Edited by Bikeman93
Link to comment
Share on other sites

2 hours ago, Bikeman93 said:

Any transfer fees?

 

And it says something about having to dispose or sell the condo after 1 year. No?

 

And what year was it first purchased and year transferred?

 

Thanks, The condo act is difficult to decipher.

Only transfer fee of 2% of assessed value applies. It's not treated as a sales, for transfer of an inheritance to blood relatives.

 

Bought in 2008, and transferred last year. A condo owned by a non-Thai with an FET, can be willed to a blood relative who is either a Thai or non-Thai without contravening the Condo Act. So that one year to dispose of the property does not apply.

 

 

Edited by trogers
Link to comment
Share on other sites

On 5/14/2017 at 7:21 AM, trogers said:

There is no need for a new FET to transfer from non-Thai to non-Thai. Problem only arises when transferring from Thai to non-Thai.

 

Interesting, that flies in the face of what has been posted on Thai Visa.

 

I hope a couple more can confirm it, and that it is not simply a more flxible land office you dealt with.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.






×
×
  • Create New...