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Jenkins9039

Foreigners CAN own land - Putting an argument to rest.

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I have a 2.5 x1.5 ? meter plot in the Foreigners Graveyard in Chiang Mai,

not big enough to build a house on 🙄, and not sure I actually own it,

maybe they will dig me up and put me somewhere else,then sell it again,

I believe it was given by HM King  Rama V,seems to be some old British

Teak managers and Missionaries buried there,so hopeful i won't be moved.

and hopefully i won't need it for a few years yet😉

regards worgeordie

 

 

 

 

 

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15 hours ago, RichardColeman said:

Seems a bit of a mute point if you cannot get in and out of the country to stay in it ! 

If it's a 'mute' point, I'm saying nothing.

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Crikey......after reading all that OP rambling on Section 86, i still feel pretty comfortable  saying foreigners cannot own land in Thailand.

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If anyone wants to spend 1 to 3 million euros , we have some gorgeous villas on the Côte d’Azur , Spain, Italy, etc. They are worth your money, you can re sell them easily and make a profit, you can come and go as you please, and take advantage of good infrastructure, healthcare, pristine scenery and towns ,cities and villages with all the best food in the world. 
( there are also 50 and 100 million houses for sale!) 

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Sure hope you're right about putting it to rest but based on past subjects I've read on here....probably not. Too many keyboard warriors out there with too much time on their hands.

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2 hours ago, paahlman said:

Do I remember wrongly or doesnt the amount needed used to be 10 mill Baht?

 

It's 10 million if you want to apply for a 1 year extension of stay based on investment. As far as I know there has been no change to this.

 

You could, in theory, use the 40 million investment to also apply for an extension of stay based on investment, although I am not learned in the exact immigration requirements for this.

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A troll post has been removed.

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17 hours ago, blackcab said:

You are entirely correct, and what you have mentioned is not new knowledge. Personally, I have not known anyone to actually achieve a Section 86 purchase.

 

This is mainly because the applicant needs to import the equivalent of 40 million baht of foreign currency into Thailand, and invest it in the specified manner. Only when this is done can the investor petition for specific written authorisation from the Minister of the Interior. Such permission is not a right, and is at the whim of the Minister. I have never known such permission to be granted, although it certainly could have happened.

 

The other main stumbling block is that Section 86 land cannot be disposed of to a non-Thai person. This means if a non-Thai citizen purchased such land, and then they died, there is no way of transferring the ownership to their non-Thai children (unless the children themselves imported the equivalent of 40 million baht and gained their own permission from the Minister of the Interior).

 

If you happen to be well connected and can count the Minister of the Interior as a personal friend, however, it's possible.

So what your saying is you would be crazy to purchase land under this agreement?  

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Sounds like another one who has been here for a year and knows it all 😞 pedantic nonsense comes to mind.

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16 minutes ago, thelovedone said:

Crikey......after reading all that OP rambling on Section 86, i still feel pretty comfortable  saying foreigners cannot own land in Thailand.

Yes ..... your conclusion sounds spot on to me 🙂99.9% of foreigners can not own land .. however if Bill Gates or some other mega rich guy came along and said ..

 

I like to buy a few Rai in Pattaya ...  Here are 200Mil THB to the local temple restoration fund .. and please let me pay for a new children's hospital ..... and please accept a small contribution to the Immigration retirement fund ...  Only thing I ask in return is to have my name on the Charnot  ....  

 

I am sure the reply would be ... yes sir .. thank you sir we will have that sorted out in no time ... 

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40,000,000.oo why would anyone consider moving/living/settling  to Thailand ,with this lot ,

in your kitty 

Thailand is only tractive for the affordable life style after retirement ,to live it ,

a foreigners ambition and business sense get squashed here very quick 

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1 hour ago, rvaviator said:

I am sure the reply would be ... yes sir .. thank you sir we will have that sorted out in no time ... 

 

Section 86 purchases are limited to a maximum of 1 rai per person.

 

Even Bill Gates cannot legally own, "a few rai" in his own name.

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2 hours ago, 4MyEgo said:

Only' if I had so much money......I certainly wouldn't be investing 40,000,000 baht in Thailand for the privilege of being able to purchase land in Thailand.

I don't know, if I suddenly won $150,000,000 on the US lottery, buying a rai downtown, putting up massive posters of myself with 'I own this land 100%' along the border, then filling it up with massive boom boxes that go off at 3am, does sound kind of appealing. 

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17 hours ago, timendres said:

I am sick and tired of foreigners who obsess over owning land in this country.

 

I totally agree. I recently bought a nice house with a 90 year land lease which I will leave to my Thai lady in my will. 

Why would I care about owning the land under it it? So she can leave it to her great grandchildren? 

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You interpret what you read, which is not 100% correct.

 

This is for someone that is investing 40,000,000 baht to own 1 rai.

 

This is not for you to get married and buy land for the going price.

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