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Sorry folks I am a bit slow here. I am married to a Thai she uses my surname. We have had a joint bank account years. The house was brought before we were married in her maiden name. She has changed it in to her married surname. Is this Illegal or not or only for new land property purchase. Some body better tell this person we only do things like this on april 1st.
Think what would happen if so all the realestate companys out of work 2 house propertys will come down in price not a bad thing as the are 2 high now and as 1 chap said about the bars all over the place. no more retirement visa and type o visa money tied up in banks. But just shows you guys that the laws can change in this joint like the wind.
The only sure thing in our name is our passport.
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Illegal To Use Thai Spouse As Nominee In Land Ownership
Started by CFIT, 2009-05-27 18:33
#52
hansnl
Super Member Posted 2009-05-28 08:55:39
And another nail in the coffin of Thai tourism?
This rule was enforced strictly in some land offices by signing a declaration that the money to buy the land was from the Thai national already. Other land offices were not so strict. To change of ownership of the land to your wife needs to take maybe 20 minutes. If it takes longer, well, maybe there is some need for.......... It is a shame that Thailand thinks it must do to keep foreign ownership of land impossible. What is the problem? If the state wants to take back the land from a foreigner, well, what will stop them. In fact, in most countries ownership of land by foreigners is possible, while there is always a law, somewhere, to take back ownership of land from anybody for any reason, so what should be the problem. #53
marsteele
Senior Member Posted 2009-05-28 08:56:35
Next time over there, withdraw every baht from her accounts, burn the bankbooks and open a new account at a different bank. Anybody who already "owns" land through the spouse has a better idea how to beat the system? How else can they proof that the money used to purchase the land came from you and wasn't legitimately earned by your Tirak? I guess they will check the thai womans tax records, if she is employed and earning 10,000 baht per month which is about the average income then how can she afford to buy an average home valued at 2 mil baht with morgage of around 10,000 baht per month. Where did she get this extra income? From that bloody farang husband of hers the swine. I guess if she pays tax on the money (Family income) that she gets from her husband then it would all be legal... #54
Pierrot
Gone Member Posted 2009-05-28 09:02:43
Perhaps this is what all the property being built is about, they want foreigners to rent off THAIS !.,what about if the thai wife inherited the money from a foreign mother in law or similar, is that still considered not to be hers ?.this sort of law ( imo ) only compounds that thais are paranoud that foreigners will make money here and that they want any money coming to thailand to stay put,.anyone that thinks different is in for a shock i feel,. You're absolutely right, the whole economy is based on that. Unless a dramatic change in the government, foreigners will never be allowed to own anything in Thailand. From the Financial Times : "Thailand produced few truly world-class companies. It remained, by and large, a rentier economy, funded by foreign capital and driven by foreign expertise" If they sell their land, what will be left for them ? http://www.ft.com/cm...144feabdc0.html #55
asiawatcher
Platinum Member Posted 2009-05-28 09:02:52
Of course - incorporation of a Thai company is a way - can be done for around 6,000 Baht at the Govt Office (not by any Law Office at 20,000+) and by the 'rules' a US company can own 100% of a Thai company by the Amity Treaty so add the cost of a Nevada company. Then you can put the Thai wife on the Thai company as one of the seven shareholders in whatever name you want and no issue. You just have the ongoing maintenance of a company in Thailand (allow about Baht 10k a month including accounting and Audit). Cheaper than body corporate fees in Western countries.
#56
lizardofoz
Member Posted 2009-05-28 09:02:55
A fine example of Thailand ignoring its own laws until it has enough flies in the web, then sudden enforcement . It's time to say ....Sayanaro to foreign investment Maybe a good time to start marrying Katoeys or blokes!!  May as well as per this guys statement you are taking it up the arse anyway.  Do they allow same sex or nearly the same sex marriages ( Katoeys depending on the chop and how well the plastic surgery went??!!!  ) They only seem to pick on the Thai wife situation never the Thai male marrying a foreign wife who has money!! Seems like a case of another idiot trying to make a name for himself and impressing the Thai onlookers and leaving the local province to deal with the backlash while he sits in his Bangkok office.
#57
asiawatcher
Platinum Member Posted 2009-05-28 09:05:17
Perhaps this is what all the property being built is about, they want foreigners to rent off THAIS !.,what about if the thai wife inherited the money from a foreign mother in law or similar, is that still considered not to be hers ?.this sort of law ( imo ) only compounds that thais are paranoud that foreigners will make money here and that they want any money coming to thailand to stay put,.anyone that thinks different is in for a shock i feel,. You're absolutely right, the whole economy is based on that. Unless a dramatic change in the government, foreigners will never be allowed to own anything in Thailand. From the Financial Times : "Thailand produced few truly world-class companies. It remained, by and large, a rentier economy, funded by foreign capital and driven by foreign expertise" If they sell their land, what will be left for them ? http://www.ft.com/cm...144feabdc0.html Maybe the Financial Times needs to look again at the number of companies in Thailand who make the top 100 and in the Fortune 500. Per capita they are not doing too badly! But correct - wealth and status does not make a 'world-class' company. #58
marsteele
Senior Member Posted 2009-05-28 09:11:04
Sorry folks I am a bit slow here. I am married to a Thai she uses my surname. We have had a joint bank account years. The house was brought before we were married in her maiden name. She has changed it in to her married surname. Is this Illegal or not or only for new land property purchase. Some body better tell this person we only do things like this on april 1st. Think what would happen if so all the realestate companys out of work 2 house propertys will come down in price not a bad thing as the are 2 high now and as 1 chap said about the bars all over the place. no more retirement visa and type o visa money tied up in banks. But just shows you guys that the laws can change in this joint like the wind. The only sure thing in our name is our passport. We were considering buying some land in my sons name purely for investment for his future. He has my family name (farang) and holds dual thai/aust citizenship. Is he considered to be thai or farang for the purpose of owning land. Later in life if he went to work or study in aust for a few years I am concerned that by thai law he would then be considered to be farang and any land owned by him would be confiscated by the government. What would happen to this land then? Would it be purchased at a ridiculously reduced price by some thai government official who would then make huge personal profits. #59
bernardthailand
Member Posted 2009-05-28 09:12:58
then what about the money from sinsot if any ?
I think if the law is really so, maybe a million of girlfriend and wife (or more) can loose his property in Thailand. #60
NanLaew
International Gypsy Member Posted 2009-05-28 09:18:23
Maybe the Financial Times needs to look again at the number of companies in Thailand who make the top 100 and in the Fortune 500. Per capita they are not doing too badly! But correct - wealth and status does not make a 'world-class' company. Dear Asiawatcher, Let's save time here. Can you provide "the number of companies in Thailand who make the top 100 and in the Fortune 500"? Yours in anticipation. #61
givenall
Platinum Member Posted 2009-05-28 09:19:21
I think he's talking out of his arse. Typical non-sensicle statement that you can always count on a high-level Thai civil servant to make on most occasions. I agree, it should do wonders to help slag-off all the million dollar "villas" for sale to silly foreigners who were thinking about buying in Phuket. With unintellegent fools like this in high office, its no wonder that Thailand is slowly going downhill. And although its only my guess, i bet that he is of Chinese decent ????? What is wrong with these politicians? They talk and everyone thing the sky is falling. Truthfully, they have not had their 15 min of fame. This will pass too #62
Fun2Fun
Senior Member Posted 2009-05-28 09:29:22
In this case i would hazard a guess that they are not going after simple home owners at all, but rather would be targeting multiple land owners and/or larger "development" style plots where a "wife" is conveniently put as the owner.
#63
marsteele
Senior Member Posted 2009-05-28 09:30:58
This is way overboard. So, supposing my wife is a house wife (which she currently is as we have a little one), I receive my salary from the Thai government, does this mean she is not entitled to buy a house with our family income? What I really want is the same rights as a foreign woman that marries a Thai man! This is Thailand, fantasies are found in Disneyland where all your dreams can come true.
#64
loonodingle
Advanced Member Posted 2009-05-28 09:30:59
Lets Face it they dont want foreigners in Thailand.
They dont care a jot about us. They would rather we didnt even come here because its their country..............BUT send the money T/T Ok i love you long time Mr Falang #65
elektrified
Platinum Member Posted 2009-05-28 09:36:03
It will matter not as loan when translated into thai is gift, so, the wife is the rightful owner, no problem, next ! #66
warfie
My Member has no Title Posted 2009-05-28 09:37:40
Why buy land in Thailand anyway? Talk about your under-performing investment! Better to invest elsewhere and just rent here...
#67
ham
Senior Member Posted 2009-05-28 09:37:55
.............Now, after the revolution, things will be much better, much more cut and dried. Very Burmese. Until then.... Thailand = Myanmar (Burma) with electricity
#68
theuy
Newbie Posted 2009-05-28 09:42:40
The guy is absolutely full of it and obviously a racist without the proper education for his position.
If people are caught, how does he intend to deal with the authorities who approved it? If caught , the land deed will be revoked? Who is going to reimburse? (maybe it's money they will share amongst the people who came up with this) Wonder if this guy has any property owned by his wife or kids which came from his corrupted position! They better sort out their Thai marriage laws as Thai men can root around without being called upon when he makes someone pregnant and after dump them. They better sort out their Thai political system which is in a mess and hard working isaan people are in financial trouble. Suggest to form a government with educated unselfish people instead of the current uneducated egomaniacs. 1. Amazing Thailand ( it's bloody Amazing sometimes) 2. Land of Smiles ( if only could know what they smile about) Amazing Land of Thai Smiles
#69
mooloolababoy
Newbie Posted 2009-05-28 09:45:50
what if your spouse does not use your last name?
#70
NanLaew
International Gypsy Member Posted 2009-05-28 09:46:06
This is Thailand, fantasies are found in Disneyland where all your dreams can come true.#71
millmill
Newbie Posted 2009-05-28 09:47:07
.............Now, after the revolution, things will be much better, much more cut and dried. Very Burmese. Until then.... Thailand = Myanmar (Burma) with electricity Can some body check Abhisit property in UK.
#72
HakimKlunker
Advanced Member Posted 2009-05-28 09:48:40
to pick up this one:
So is it illegal for a husband to loan his wife money ? Is it also illegal then for a Thai spouse to loan his/her foreigner partner? Is a Thai spouse allowed to loan his/her Thai partner? (Is it probably illegal to be married at all?) Perhaps, Thailand has a different idea about marriage than other countries. #73
bluesmith
Advanced Member Posted 2009-05-28 09:50:58
What about the banks that approved the loan to the Thai spouse how will they get there mony back.
#74
micky1965
Advanced Member Posted 2009-05-28 09:58:52
another nail in the coffin . good old Thailand know how to stop people coming here to invest .well my advise if your reading this somewhere abroad don't belive a word of it .it's all bollox
#75
chatchy
Member Posted 2009-05-28 10:00:37
It is my understanding that if you give your Thai wife a gift of money, she becomes obligated to pay income tax on that money.
Edited by chatchy, 2009-05-28 10:01:43. |
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