shortstop Posted May 22, 2020 Share Posted May 22, 2020 If a Thai inherits a condo that is part of the foreign quota, is the condo still part of the foreign quota or does it revert to the Thai ownership quota? Googled around but haven't been able to find the answer and perhaps my terminology might be a bit off. Link to comment Share on other sites More sharing options...
Peterw42 Posted May 23, 2020 Share Posted May 23, 2020 When the ownership is transferred to a Thai, then the property would be in the Thai Quota. Inheriting a condo would be no different to buying a condo. 1 Link to comment Share on other sites More sharing options...
Langsuan Man Posted May 23, 2020 Share Posted May 23, 2020 The Thai inheriting the condo would be better off selling the condo to a foreigner than keeping it for themselves. A condo in the foreigner quota is much more valuable than one in the Thai quota 1 Link to comment Share on other sites More sharing options...
Peterw42 Posted May 23, 2020 Share Posted May 23, 2020 (edited) OP, The Thai person may be able to sell the condo on to a foreigner as part of settling the estate of the foreigner. Technically , until its transferred to someone else, the condo would be owned by the estate of the foreigner. In Theory, (so long as the land office agreed) the executor of the will/estate could probably sell the condo (to a foreigner) to the advantage of the Thai beneficiary. Edited May 23, 2020 by Peterw42 1 Link to comment Share on other sites More sharing options...
Langsuan Man Posted May 23, 2020 Share Posted May 23, 2020 50 minutes ago, Peterw42 said: In Theory, (so long as the land office agreed) the executor of the will/estate could probably sell the condo (to a foreigner) to the advantage of the Thai beneficiary. It's not a theory but was the way a Thai lawyer had me make my Will since the Probate Court in Thailand will enforce it Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now