Thread: Is it a good time to buy rice/farmland.?

Originally Posted by Pragmatic

Originally Posted by jamescollister

Farangs are simply not allow to own or control the use of land outside of BOI investments.

Jim, in the event of a wife dying a farang can inherit land for a period of no longer than 12 months. The land has to be either then sold/transfered to a Thai.

Sorry to butt in .... can you then sell
It to a proxy company that you kind of own ?

Originally Posted by Pragmatic

Originally Posted by jamescollister

Farangs are simply not allow to own or control the use of land outside of BOI investments.

Jim, in the event of a wife dying a farang can inherit land for a period of no longer than 12 months. The land has to be either then sold/transfered to a Thai.

Sorry to butt in .... can you then sell
It to a proxy company that you kind of own ?

Originally Posted by Pragmatic

Originally Posted by jamescollister

Farangs are simply not allow to own or control the use of land outside of BOI investments.

Jim, in the event of a wife dying a farang can inherit land for a period of no longer than 12 months. The land has to be either then sold/transfered to a Thai.

Nothing is that clear cut, laws of inheritance are complex, you may be able to inherit and sell the land.

If you have signed your claim away at the land office, then other heirs have a claim first, children, yours or from a previous marriage, parents, brothers and sisters, etc.
It would end up in court if there was any dispute, a will may be of some use, but the will must be considered legal under the inheritance rules.


Overhere, all the schemes to control land by an alien are illegal, land act is plain.
The director general of the lands department may confiscate any land, without a court order, if he believes it an attempt to circumvent the landownership laws.

People do all these schemes and most get away with it, but if it turns to shit you will be running for a plane, as giving false information to a government official is a criminal offence.

Originally Posted by jamescollister

Originally Posted by Pragmatic

Originally Posted by jamescollister

Farangs are simply not allow to own or control the use of land outside of BOI investments.

Jim, in the event of a wife dying a farang can inherit land for a period of no longer than 12 months. The land has to be either then sold/transfered to a Thai.

Nothing is that clear cut, laws of inheritance are complex, you may be able to inherit and sell the land.

If you have signed your claim away at the land office, then other heirs have a claim first, children, yours or from a previous marriage, parents, brothers and sisters, etc.
It would end up in court if there was any dispute, a will may be of some use, but the will must be considered legal under the inheritance rules.


Overhere, all the schemes to control land by an alien are illegal, land act is plain.
The director general of the lands department may confiscate any land, without a court order, if he believes it an attempt to circumvent the landownership laws.

People do all these schemes and most get away with it, but if it turns to shit you will be running for a plane, as giving false information to a government official is a criminal offence.

Easier to sign off to one's children....

Originally Posted by thaimeme

Easier to sign off to one's children....

Yep, if you have kids put the land in their name, can't be touched without a court order until they are 20 years old.
If you don't have kids, give the land to some poor kid, or a friends kid, build your house or what ever, die and the kid gets it when they are 20.

If you live too long and have sent birthday and Xmas presents to the kid over the years, doubt they would throw you out.

Know a few guys out my way, married Thais with kids, they raised them and the wife died, kids inherited the house, none have thrown out the stepdads, not the Thai way.

Good reference point here covers everything.

List of Terms - A

Originally Posted by Chico

Luigi you will be happy to know I/My wife will make 230,000 baht on an outlay of 170.000 baht.

Pretty poor as you've had no income off it during that time.

Factor in that you've no idea who owns, what it is, or anything else other than it was you who paid for it, and .... well.... we won't be calling you Chico Buffet quite yet.

how much you make again on your luxury condo,wasn't it 8%according to my calculations (let me stress my Wife) not I has made 57.5 % per year. not bad really for raising the land and making SFA per annum.

I do realise she may well do a runner with the money,whilst I'm away.

Originally Posted by Luigi

Originally Posted by Chico

Luigi you will be happy to know I/My wife will make 230,000 baht on an outlay of 170.000 baht.

Pretty poor as you've had no income off it during that time.

Factor in that you've no idea who owns, what it is, or anything else other than it was you who paid for it, and .... well.... we won't be calling you Chico Buffet quite yet.

I'm happy with that,saves me changing money on the new pad. that I won't own either.

While I might not be the sharpest tool in the box.....

Originally Posted by Chico

What I know as of now is that I've haven't signed anything though did sign the other papers when we bought/ but didn't buy as it was given as a present to wife.

it was bought under my name.

So did you pay for the land, meaning did the money come out of your earnings and you don't know what you signed?

Originally Posted by CSFFan

So did you pay for the land, meaning did the money come out of your earnings and you don't know what you signed?

I collected 200 when i passed go

Originally Posted by CSFFan

While I might not be the sharpest tool in the box.....

Originally Posted by Chico

What I know as of now is that I've haven't signed anything though did sign the other papers when we bought/ but didn't buy as it was given as a present to wife.

it was bought under my name.

So did you pay for the land, meaning did the money come out of your earnings and you don't know what you signed?