Buying real estate in Thailand Thailand condominium acquisition and conveyance costs, tax and fees When ownership of a condominium apartment is transferred taxes and fees are collected at the time of transfer by the provincial branch or local land offices in Thailand where the transfer of ownership takes place. Transfer
Continue readingTag: Thailand Condominium Act
Buying A Leasehold Condominium In Thailand
Foreigners may under the Condominium Act own up to 49% of the units (in floor space) in a condominium complex in Thailand. The remaining 51% of the units must be owned by Thai nationals. In the Thailand resort areas such as Phuket and Pattaya condo developments and sales are primarily
Continue readingProgress In Preparing The Draft Condominium Statute
Progress in preparing the draft regulations under the Thailand Condominium Act amended in 2009 with the purchase and sale agreement is almost completed and will be presented to the meeting of the Council of Ministers (Cabinet) in August 2011. The essence of the contract will be to declare the act
Continue readingBuying A Condominium In Thailand Legal Start
A condominium is an apartment building in Thailand is a multi unit building registered under the Thailand Condominium Act in which each unit is owned separately by the people living in it, but also containing shared common areas. Condos in Thailand are regulated in the Condominium Acts and registered with
Continue readingForeign Condominium Ownership In Thailand And Sale-able Floor Area
Foreigners are not allowed to own land in Thailand in their own name but foreigners are allowed to own and buy condos in Thailand freehold in their own name. Buying a condominium in Thailand is a popular real estate investment for foreigners but foreign ownership is limited to a quota.
Continue readingProgress In Preparing The Draft Condominium Statute
Progress in preparing the draft regulations under the Thailand Condominium Act amended in 2009 with the purchase and sale agreement is almost completed and will be presented to the meeting of the Council of Ministers (Cabinet) in August 2011. The essence of the contract will be to declare the act
Continue reading