Stories tagged with tax
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Condo-owners await new valuations
According to the Treasury Department's forthcoming assessment, luxury condos on main roads are expected to rise 15-20 per cent in Bangkok.
Consequently, units in cheaper buildings are expected to see price reductions by as much as 10-15 per cent after the valuation at the end of February.
Property experts motioned that condo prices in the CBD would definitely rise following the release of the valuations.
Luxury condos in the central business district of Bangkok are currently priced at an average of between 80,000 and 100,000 baht per square metre.
Director of the Treasury Department's Property Valuation Bureau, Klayo Thongsom, said the new valuations, effective next January, will lead to an increase of 10-15 per cent in Don Muang, Bang Kapi, Bueng Kum, Lat Phrao, and Min Buri, as well as in 50 provinces.
The latest valuation, on January 1, saw increases of nearly six per cent in Bangkok and over 27 per cent elsewhere. Market prices were still higher than the new valuations, however.
Although the new valuations have no effect on market prices, the subsequent increase on the tax on land transactions for buyers could be significant.
The tax could rise by as much as 27 per cent this year over last year, according to Klayo.
Info on Thai visas
Posted by: Andrew on 04 Feb 2008, 21:08 -
Expats Investment Advice Seminar
Expats in Chiang Mai or those planning to retire in Thailand might be interested in a wealth management seminar to take place at the Amari Rincome, Chiang Mai, on November 15th. The short afternoon session will cover topics such as offshore investments, pensions tax-savings, trust management and expat investing privileges.
Organised by Sterling Assets, one of Thailand’s most qualified teams for expat wealth management, the seminar is free to all members of the public. Those who are retired or working in Thailand and other parts of Asia, and those who are planning to come and live here from all parts of the world can benefit from the obligation-free advice that will be covered at the talk.
The event will take place from 15.00, lasting about two hours, during which attendees will have a chance to quiz some experienced and qualified financial advisors about re-organising their assets, pensions, savings and investments, when they are living outside of their own countries.
According to Richard Colburn, Managing Director of Sterling Assets and a key speaker, the simple advice that will be discussed covers; tax-saving pension plans, setting up offshore bank accounts for privacy, moving UK pensions offshore, and investment opportunities for expats.
Asset Management Seminar, Amari Rincome, Thursday 15th November, 3pm.
See online advice on expat tax saving investing offshore, Sterling Assets
Posted by: Andrew on 06 Nov 2007, 12:44