Following our previous article on the taxation of rental income from real estate in Thailand, let’s look at several questions that property owners commonly have. Do I need to file a half-year tax return if I only receive a salary? No. The half-year personal income tax return is filed by individuals receiving income under the …
Personal Income Tax on Rental Income: Answers to the Most Common Questions Read More »
If you receive rental income from real estate in Thailand, you have a number of tax obligations. These obligations apply both to Thai tax residents and non-residents if they receive income from real estate located in Thailand. If you are a Thai tax resident, you are also required to declare rental income from real estate …
Personal Income Tax on Rental Income from Real Estate in Thailand Read More »
Leasehold and freehold are two different ways of owning and using real estate in Thailand. Which option is better depends primarily on the buyer’s goals and specific circumstances. Let’s look at several situations in which leasehold may have advantages over freehold. Protection Against Certain Property Risks Leasehold is a personal right that cannot be confiscated …
Investing in a plot of land, making payments in cryptocurrency, building several villas, managing the construction process independently, and subsequently renting the villas out on a daily basis — at first glance, all these elements can be combined into a single investment project. However, a closer look reveals several legal questions. Let’s examine the main …
Real Estate Investment in Thailand: How to Make Your Project Legal? Read More »
One of the required documents for obtaining an LTR visa is medical insurance with coverage of at least USD 50,000 for each applicant. At the same time, the insurance policy must meet certain requirements, which are important to consider before submitting the application. What are the insurance requirements for the LTR visa? The insurance must …
Recently, co-owners of a well-known condominium received property tax bills — with almost all of them being charged at a rate of 0.3% of the apartment’s value. Why was the tax so high? Let’s take a closer look at when the 0.02% rate applies and when the 0.3% rate applies. When does the 0.02% rate …
Property Tax in Thailand: When Does the 0.02% Rate Apply and When Does It Apply at 0.3%? Read More »
Tax Residency in Thailand You can accurately determine your tax status on December 31, once it is clear how many days you have actually spent in Thailand. How tax residency is determined Resident — 180 days or moreNon-resident — 179 days or less Your status does not depend on the type of visa and is …
We have suspended work with the DTV visa for several practical reasons. Despite its formally simple entry requirements, in practice this visa is becoming increasingly unpredictable. Let’s break down how it differs from the LTR visa and why the choice is obvious in most cases. Why we do not work with the DTV visa 1. …
The first investment visa in Phuket has been processed by our company. Basis Real estate: Timeline Result A Non-B visa was obtained: Next step: Additionally, a re-entry permit was issued (in this case — free of charge). Why this is the first case According to Immigration authorities, applications are submitted regularly, but in most cases …
The first investment visa in Phuket has been obtained Read More »
Let’s review which visas are available to property owners and which one to choose if your goal is to open a bank account. Visas Available to Property Owners Investment Visa (3 months + 12 months) Property value: from 3 million THB Suitable for: LTR — for High-Net-Worth Individuals (10 years) Option 1: Option 2: LTR …
Visas, Real Estate, and Bank Accounts in Thailand Read More »
