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The Dangers of Purchasing Land in Thailand Using Thai Nominees

Site View Construction Building Bangkok

Using Thai nominees, also known as sponsors, to skirt Thai law and purchase land or own a business as a foreigner in the Southeast Asian nation has become increasingly popular in recent years. But just because it is a widely used loophole to get around existing Thai laws prohibiting foreign ownership of land without going through the proper channels, it doesn't mean it is advisable--or legal. In fact, a major Thai law firm recently had four of their offices raided across Thailand for … [Read more...]

New Rates Approved, Thailand Property Taxes ‘Imminent’

The Thai cabinet is expected to review has passed the draft property taxes bill, with new tax rates and a widened tax exemption ceiling proposed by the Finance Ministry, this month, reports the Bangkok Post. Under the new proposal, properties would be taxed 0.1 percent (residential), 0.05 percent (agricultural), 0.2 percent (commercial), and 0.5 percent (vacant). The Thailand real estate lawyers at Chaninat and Leeds have specialized in assisting Thai and international clients with real … [Read more...]

Thailand Property Taxes and Transfer Fees

Ownership transfer fees and taxes split on a private sale depend on the agreement between the seller and the buyer in a Thailand land law property transaction. Foreigners looking to purchase a property in Thailand may need to clearly confirm in a contract with the seller in a private sale transaction of who will shoulder for transfer fees and all taxes and/or what percentage. In practice, private sales in Thailand generally divide the amount of taxes and fees involved with the transfer of … [Read more...]

Thailand Real Estate Investments

Thailand Real Estate Law Center

Chaninat and Leeds assists clients in all areas of the real estate market in Thailand. Generally, investors come into two classes: Individual investors and Commercial Investors. Individual Investors Due to the restriction on foreign ownership of land in Thailand, individuals are generally restricted to owning condominium units within the quota set aside allowed for foreign ownership, and in addition, foreigners are permitted to leases on real estate, minority positions in limited … [Read more...]