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Delight

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About Delight

  • Birthday 02/14/1945

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  1. The new owner will simply take the Chanote to the power and water providers. By this stage to Chanote is in the new owners name.
  2. Is the house in a Company? If so then all elements of your post are irrelevant. If it is in a a Thai name then your post is correct. A cashiers cheque cannot be cancelled by the provider.
  3. Has any reader of this blog used the fore mentioned company? I have contacted them and to date they have advised me on the topic of allowances. For example if I am aged 65 or older -which I am -I will pay less Tax If i have a Thai wife who does not work -which i have -i will pay less tax This list continues. That said I am interested to learn from Expats who have actually used the services provided by this company.
  4. The big problem with this method _it will kill the property development market. In my view they will apply taxation to the gross income of expats -a credit being applied for tax already paid . Therefore expats can bring in as much money as they please -without being taxed. This is my guess. If the Thai tax authorities have any sense then a ceiling will apply-maybe maximum 60,000 Baht per tax year. All the foregoing is pure speculation on my part -only time will tell
  5. Have the circumstances changed? It seems that evidence that 800K has been in the applicants bank account for 2 months-prior to application date is unchanged. Historically a 2 nd visit with a similar letter was required 3 months after the application was approved. It appears that this 2nd visit is now no longer required. Is this the case?
  6. Not quite true. If the foreigner has evidence that he brought the money into Thailand -then in the case of divorce he will get minimum 50%. The evidence can simply be an entry in a bank book. Money brought in just prior to the house purchase. In Thai divorce law each party keeps their assets prior to marriage- maybe not relevant in this case. 50/50 split on assets accrued during marriage.
  7. The 2 components of an air conditioning system which are typically located outside the actual apartment are the compressor and the condenser. .Typically housed in the same enclosure The condenser must be outside. The compressor does not have to be- for it to work. I assume that the motive of the installer was to keep the outside enclosure as small as possible. If it is no inconvenience then best left alone.
  8. I am not making a point-I am simply asking a question. My motive is curiosity. Please do not be so aggressive.
  9. From what you state the property is in the foreign allocation. Given that -then you shall have no legal problems in repatriating the money. The land office will supply you with all necessary documentation. The bank manager of your bank may insist on a bung.
  10. Under Thai law you will not inherit the property. This assumes that there is no will. In such circumstances (ie no will) there is a pecking order on who gets what. As widower you are at the bottom of the list. Why is this?-You are not blood related. A will is required. If you acquire the property -then you have 1 year to sell it. Maybe you can put it into a company. Legal advice required.
  11. Inorder to buy a condo in a a foreign name you will always require a FET. The only solution that I can think of is to buy a condo that currently is in a company. The seller must accept Baht The benefit of company is that it is easy to bequeath. downside -you must have the company audited every year
  12. That which you assume is correct. In effect you will be selling electricity to your tenant -typically with no mark up. You will always be responsible to the electricity provider for payment. Many years ago a tenant in my condo organised a 'fiddle' with the office manager. The building buys the electricity and then sells to each apartment. The tenant was billed only 500 baht per month and the manager received 500 baht per month from the tenant. The actual bill was about 3000 Baht per month. Both the tenant and the manager left -just in time. The co -owner had to pay the outstanding balance
  13. Thailand imports its milk. From USA I think For Thailand to produce its own milk -it would require: Large Herds of cattle. A Fleet of road tankers to transport the milk to the processors from the farms. Demand for milk from Thai nationals. Thailand has non of the foregoing

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