If you own property or hold property rights in Thailand, it is worth taking care in advance of how these assets will be transferred to your heirs. This applies not only to real estate, but also to rights under a leasehold agreement, company shares, bank accounts, vehicles, and other assets. Who Should Make a Will? …
Will in Thailand: Who Needs One and What Happens Without It? Read More »
The rules for obtaining an investment visa in Thailand have changed again. At the same time, the main criterion — the minimum value of the real estate investment — remains unchanged. Main Requirement: Real Estate Worth at Least THB 3 Million The minimum real estate investment required to obtain an investment visa remains THB 3 …
Thailand is placing increasing attention on real estate transactions that may involve the use of nominee arrangements. Suspicions of nominee arrangements apply not only to companies with foreign participation, but also to certain real estate transactions involving individuals. The Land Department’s main concerns relate primarily to land plots: there is a risk that the property …
Real Estate Transaction Registration in Thailand: Stricter Procedures Read More »
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 …
