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hi
Thanks for all the advice. I thought it sounded an honest company and apparently it is about 80% complete so it looks like it will be completed ok. But I do not want a retirement place. I would like the place to be full of younger people (I am 39 going on 25) and chicks LOL
The Aussie guy told me that it was just about a 10 minute drive into Phuket town centre so it can't be that far away from all the current nightlife can it? I am doing my house up here to rent out and should be ready to rent in a few more weeks. So, the only other thing is a business like a hostel instead...cant afford both LOL. Whatever happens though, I will need an income if I stayed there, although there is the 8% yield available up to 3 years. Anyway, if anyone can find out what you are taxed on if you set up a company to buy the condominium (yes you can buy it freehold), I think you can buy freehold up to 49% as a foreigner and thereafter you have to have a thai company. Can someone check this out to see if thats the reason why they say to set up a thai company. Or should I get a place before 49% has been sold if you can own it in your own name? This obviously needs checking.
I was also looking at some place called the marina on the middle east coast I think it is. But they are more expensive. But hey, help I need to get out of the UK coz everyone here sucks and earns more money than me (mediocre teacher)
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