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Yeah I have heard about 2 tier tax rates.. Also that sometimes as well as the house sale that (if they think they can get away with it) they claim that the capital gains on the property (after the tax) is then income for the owner and they need to pay income tax on it that year.
AFAIK this isnt the legal way but they just go as much as they can.. Its this totally moving goalposts set of issues that complicates everything. Only heard this being told to farangs tho.
I know another farang who developed and owns a bit of stuff around.. He was always using the company ownership route and always would avoid the land ownership transfer tax, the 3% sales tax, every other tax by merely createing a change of director and letting the new purchaser have the company. .As the company owns the land this effectively created a land ownership transfer but without any of the transfer tax issues. Of course now with farang minor % directors god knows whats happening.
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