Thread: transfering money abroad from sale of house

Hello ,I sold my house in thailand,can i transfere the money back home without paying tax.Anyone know.thank you

^ Thanks richie for the topic, and thanks to anyone who can provide enlightenment. I may soon be in that boat.

You need a document from the land office certifying that the money is from a real estate transaction to present to the bank when transferring the funds out of Thailand.

You might also need the documentation you recieved from the bank in Thailand when the money was first brought here.

At that time you should have been issued a certificate from the bank stating the amount of the transfer and that it was to be used for purchase of a house or condo.

Good stuff...thanks folks. In my case money accumulated over time and it was only later that I had decided to buy.

Originally Posted by jingjoke

Good stuff...thanks folks. In my case money accumulated over time and it was only later that I had decided to buy.

I am afraid you have no chance of moving a lump sum if you do not have the paper work to show you bought it into the country and the banks will not delve back into their records for you as I have just found out.

Hope you find a way of getting the funds out o.k. The B/K post had an article on phoy kuan underground transfers,which was mirrored by strontium dog,on this site, not so long ago. Anybody used these services ?

Over B345bn smuggled out of the country | Bangkok Post: news