Thread: Moving to LOS
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Old 24-11-2004, 00:40
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LivinLOS LivinLOS is offline
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Join Date: Jun 2004
Location: Patong
Age: 35
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Depends.. Buying a house of a known large developer with assets and a provided community I would be comfortable enough with the lease and first purchase clause system..

If buying my own single house plot or doing a 2 - 5 house development myself, I would go the route of using a corporate structure to bend the rules to ownership..

I guess it boils down to feeling like a corporate structure or large scale developer would still be there to work with you, and yet I would feel none of the same security purchasing from a single individual who had no interest in keeping a reputation / not ripping me off later..

Also there are issues with sales taxes etc.. When corporate owned you can simply sell the company to the next farang and avoid land tax transfer duties..

Whatever you do only take online advice with a mountain of salt and get good local legal representation, also take great care in having legitimate wills (Thai, your overseas ones are about as good as toilet paper) which specifically are catered to protecting your land and property assets for your dependants.. Some things are transferable others are not.

Last edited by LivinLOS : 24-11-2004 at 00:42.
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