Buying a Condominium Buying a condominium, is perhaps the simplest and easiest option available to foreigners. According to the condominium act, a foreigner can typically acquire up to, but not exceeding 49 percent of a total space of a condominium project. In Hua Hin, typically the Thai owners are 80 percent or higher, in other areas such as Phuket and Pattaya, the foreigners generally ...
The traffic in Bangkok can be very frustrating with what should be a ten minute journey, taking up to one hour depending on weather conditions, time of day, day of the week etc. With this in mind, you will need to decide who should have the least amount of travel time. Will it be the children to school, the breadwinner to work, or a compromise? Accessibility to public transport is im...
A common return investors seek comes from leasing property in Thailand out. Prior to seeking it, the following taxes should be taken into account: 1. Duty Stamp a. Duty stamp is 0.10% base for the entire leased amount in one year. 2. Income Tax a. The landlord is required to file a tax form twice a year on earnings from the lease. It must be filed for the mid-year tax between July 1 - Septe...
OK, you have found your ideal property in the price range that suits your wallet, then suddenly you realise there are additional costs that you haven’t budgeted for. Usually the property is being sold through a real estate agency, and therefore the sales costs such as commission is paid by the seller, not you. However, it is standard practice in Thailand for the seller to ask the buyer to...
