Buying property in Phuket has just become easier now that you know of us at Law Firm. With offices in all the major tourist cities of Thailand we are able to service all your legal needs. With attorneys both expatriate and Thai we are able to assist you with contracts, criminal, civil and family law […]
Investing in property in Phuket has had many positive changes over the past 4 years. With the advent of the new government the changes are now being felt come the end of the tax year in Thailand. Outside of the Consumer Protection Act and the new Escrow system in Thailand.
The arrival of the Thai Consumer Protection Act brings with it the first laws with regards to regulating property in Thailand. This could be viewed as the first step towards a more accountable property sector. Many contracts drafted by contractors or developers is drafted to favour the developer and not you the investor or consumer.
Property taxes in Thailand is not the same as those back home as the Thai system does not have such monsters as Capital Gains Taxes and personal and corporate taxes are far easier to understand. Thailand does not have CGT (Capital Gains Taxes) which makes property flipping a real lucrative venture in Thailand.
When considering buying property and how best to pay for the transaction it is best to keep in mind that in terms of Thai law there are different types of transactions. Lets look at which gives some degree of protection to you. Even with an economic global down turn Phuket property has remained on the […]