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Foreigners in Thailand should study leaseholds
Though leasehold remains an option for foreign buyers wanting to own a residential unit, there are some pitfalls they should avoid when making contracts.
Opening a Bar or Restaurant in ThailandThe conventional wisdom floating around is that if a foreign owner doesn’t go into the kitchen during opening hours, he or she can run the restaurant without a work permit. Wrong
LEGAL PROBLEMS of home ownership in Thailand
Buying real estate | Selling real estate
Buying Selling a Condominium
Buying Selling a Condominium
Property TaxationThere are two different types of Tax levied on property in Thailand and they are called: Land Tax and Structures Usage Tax
Land Taxis a very small tax levied on land ownership equivalent to just a few Baht per Rai every year.
Structures Usage Taxis applicable at the rate of 12.5% on the actual (or assessed) gross rental value of the property.
Lesseesare not subject to this tax but may be required by the real estate developer to pay an annual ground rent instead.
How to Pay for propertyIf you are purchasing property in Thailand and you want to pay in Thai Baht ensure that your funds are transferred into Thailand in foreign currency and converted to Thai Baht here.
The reason for this is that the receiving bank will issue the relevant exchange control form ( formally the Thor Tor 3 form ) confirming the transaction.
The relevance of the exchange control form is that it is one of the documents you will need in the future if you wish to repatriate funds without incurring tax (15%)
Chiang Mai Thailand
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News Real Estate Thailand:
Japanese real-estate giant Mitsubishi Estate Group is budgeting US$1.8 billion (Bt57 billion) for investments in Europe, the United States and Asia until 2016.
HONG KONG, Aug. 21, 2014 /PRNewswire/ -- Cushman & Wakefield, Global Real Estate Consultancy, in their latest report on the hotel markets across 17 gateway cities and prime destinations inAsia and Australia, ...
Crystal Lagoons Corp., the patented technology developer of giant crystalline lagoons, has launched a 7ha project in Hua Hin, Thailand. MahaSamutr, a $450mn luxury real estate project, will have the ...
The largest local real estate association in the U.S. has partnered with OPP to foster closer ties between the real estate communities of Miami and China. (PRWeb August 19, 2014) Read the full story at http://www.prweb.com/releases/2014/08/prweb12...
News Property Thailand:
Hong Kong consistently ranks among the world's most expensive property markets. A series of policy decisions since the 1980s illustrates why Hong Kong was headed down this path from the start.
Plans to reform Thailand's tax system, including the introduction of inheritance and property taxes, have been approved by the Chief of the military-led National Council for Peace and Order (NCPO), Gen.Prayuth Chan-ocha.
Net profit, presales down as politics, slowdown dents market for new projects
Fitch Ratings expects the number and the size of assets under the management of property investment funds in Thailand to continue to grow this year and next year.