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  1. #1
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    02-06-2021 @ 11:24 AM
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    Money from abroad for property purchase

    Hi all,

    Just a quick reminder.

    For foreigners buying a property here in Thailand, make sure the money you transfer across from your home country arrives in a foreign currency. I made the mistake of my money arriving from the UK in Thai currency, so my purchase was rejected by the Land Department. Luckily, I was able to put the property in my wife's name (Thai National) otherwise I would have had to cancel the purchase. It would have been a lot of hassle (time) and expense to cancel the cheque for seller, then send the money back to the UK and start the process again.

    I hope others can avoid my silly mistake.

    JS

  2. #2
    Thailand Expat TheRealKW's Avatar
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    Quote Originally Posted by jakestevernson View Post
    I made the mistake of my money arriving from the UK in Thai currency, so my purchase was rejected by the Land Department.
    Why?
    .

  3. #3
    I am not a cat
    nidhogg's Avatar
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    If I remember correctly, the money needs to be tagged as for a home purchase BEFORE the transfer is made.

    A while back I transferred in a couple of million baht from an overseas account and got a call from the central bank asking what was the purpose of the money before they cleared it.

  4. #4
    Member

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    i have transfer a lot of money from Australia in AUD and change it into baht in Thailand, inform the bank its for living expenses which covers anything i want to use if for including the purchase of property and never had any problems, also if i want to send money back to Australia there is never any problems as i have proof the money originally came from there

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