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thailand property law
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Looking to buy a condo here owned by another foreigner.
Any experts here on whether I need an FET here to complete this as price sub 50k usd.
In theory I guess I can transfer cash and also ownership at land office without FET but letter from bkk bank ? Doubt this is possible tho. Reason for asking is I already have the cash here but didn’t stipulate was for a condo purchase.
Additionally WISE reason for fund transfer states property purchase , it doesn’t have ability to add condo name unit etc so looks like a no go using that method. Plus the fact funds remitted would be in THB and not subject to fx onshore by bkk bank whereby they can take another 1 baht off my remitted amount versus WISE trading at spot fx