Search found 65 matches

by magsandbilly
Sat Nov 11, 2023 7:21 pm
Forum: Property & Real Estate
Topic: Personal Income Tax being charged on sale of apartment
Replies: 18
Views: 4478

Re: Personal Income Tax being charged on sale of apartment

Ok finally got someone to explain the calculation. It has been a tax law already there but not reinforced until now as taxes are needed to fund the country. Your buying price is A. Your selling price is B. You got a lease for 30 years. You divide A by 30 to give your yearly amount for your lease - C...
by magsandbilly
Thu Nov 02, 2023 5:15 pm
Forum: Property & Real Estate
Topic: Personal Income Tax being charged on sale of apartment
Replies: 18
Views: 4478

Re: Personal Income Tax being charged on sale of apartment

Hi This is what we thought but my friend was charged personal income tax based on this calculation. Amount you bought apartment at divided by the number of days in 30 year lease. This then gave the baht rate per day. The baht rate per day was then multiplied by the number of days remaining on lease....
by magsandbilly
Thu Nov 02, 2023 7:22 am
Forum: Property & Real Estate
Topic: Personal Income Tax being charged on sale of apartment
Replies: 18
Views: 4478

Re: Personal Income Tax being charged on sale of apartment

I’ve been told it is calculated on selling price. Not valued price.
by magsandbilly
Sat Oct 28, 2023 11:52 am
Forum: Property & Real Estate
Topic: Personal Income Tax being charged on sale of apartment
Replies: 18
Views: 4478

Re: Personal Income Tax being charged on sale of apartment

If only they would explain the calculation process!
by magsandbilly
Sat Oct 28, 2023 10:52 am
Forum: Property & Real Estate
Topic: Personal Income Tax being charged on sale of apartment
Replies: 18
Views: 4478

Re: Personal Income Tax being charged on sale of apartment

Tax issuance office don’t speak English
by magsandbilly
Fri Oct 27, 2023 2:29 pm
Forum: Property & Real Estate
Topic: Personal Income Tax being charged on sale of apartment
Replies: 18
Views: 4478

Personal Income Tax being charged on sale of apartment

Hi A friend recently got a hefty tax bill on selling his apartment. We are trying to work out how this personal income tax was calculated. On searching the web we find about 4 different answers with there being thousands of bahts different. One way it says you should be paying over thb600,000 anothe...
by magsandbilly
Tue Dec 03, 2019 12:27 pm
Forum: Property & Real Estate
Topic: Unpaid Property Management Fees - Recourse
Replies: 3
Views: 535

Re: Unpaid Property Management Fees - Recourse

Thanks for this. Very helpful
by magsandbilly
Mon Dec 02, 2019 6:42 pm
Forum: Property & Real Estate
Topic: Unpaid Property Management Fees - Recourse
Replies: 3
Views: 535

Unpaid Property Management Fees - Recourse

Dear All Knowing the number of estates around Hua Hin, be them condos, apartments, villas etc. Can I pose a hypothetical question. In the case where an owner or leaseholder fails to pay their management fees, what is the recourse? I understand that the management company may be able to disconnect ut...
by magsandbilly
Tue Nov 26, 2019 6:55 pm
Forum: Legal, Visa, Finances & Employment
Topic: Health insurance now mandatory for long-stay foreigners
Replies: 252
Views: 17891

Re: Health insurance now mandatory for long-stay foreigners

Yes! Must have thb800,000 in bank and now must have their medical insurance. A double bubble hit. I thought proof of THB 800,000 in bank was so that you could pay your medical fees and living costs. Now they have doubled up the requirements. :|
by magsandbilly
Tue Nov 26, 2019 12:40 pm
Forum: Legal, Visa, Finances & Employment
Topic: Health insurance now mandatory for long-stay foreigners
Replies: 252
Views: 17891

Re: Health insurance now mandatory for long-stay foreigners

They seem to be forcing you to take a policy that has much less cover than what we have with BUPA. At least we had a choice but the cost of their basic policy is the same as my BUPA but with less coverage. Nipping my brain this one and seems no way out
by magsandbilly
Tue Nov 26, 2019 11:20 am
Forum: Legal, Visa, Finances & Employment
Topic: Health insurance now mandatory for long-stay foreigners
Replies: 252
Views: 17891

Re: Health insurance now mandatory for long-stay foreigners

It’s BUPA worldwide would this not be accepted?
by magsandbilly
Tue Nov 26, 2019 9:23 am
Forum: Legal, Visa, Finances & Employment
Topic: Health insurance now mandatory for long-stay foreigners
Replies: 252
Views: 17891

Re: Health insurance now mandatory for long-stay foreigners

I’m caught up here. I am due to do my extension of visa on an original O-A visa. I have inpatient cover through BUPA. Just renewed earlier this year. I have no outpatient cover as advised not needed as costs were cheap. Just spoke with BUPA - I cannot cancel my BUPA cover until it’s renewal date,!! ...
by magsandbilly
Fri Oct 04, 2019 10:01 am
Forum: Property & Real Estate
Topic: Terminate a 30 year lease
Replies: 8
Views: 943

Re: Terminate a 30 year lease

Thanks for the thoughts and info. Will think on this now
by magsandbilly
Thu Oct 03, 2019 6:09 pm
Forum: Property & Real Estate
Topic: Terminate a 30 year lease
Replies: 8
Views: 943

Re: Terminate a 30 year lease

We bought an apartment leasehold (30 year lease) and wonder if it is possible to cancel it. Is there any implications if we cancel it? Monies refunded back for the years left on the lease? Waive all responsibility to expenses incurred after termination of lease?
Thanks
by magsandbilly
Wed Oct 02, 2019 5:52 pm
Forum: Property & Real Estate
Topic: Terminate a 30 year lease
Replies: 8
Views: 943

Terminate a 30 year lease

Hi

Is it possible to cancel/terminate a 30 year lease for the apartment we bought?

Is this covered with the new rental law that came in May 2018?

Would I only need to give 30 days notice?

Would it be as simple as that?

Thanks in advance :)