Thailand Property and land Tax 2020. Our Land Story !
ฝัง
- เผยแพร่เมื่อ 28 มิ.ย. 2024
- As this new legislation won't effect most of us, I give a brief overview of the Thailand property and land tax in 2020. Tell our land story and discuss my options. Thailand news update and phrase of the day as always. Hope all doing good !!
Thailand land & property tax details. - bit.ly/2CMIfBA
Bob- the calm no drama type, a great influence when things get sideways, we all need a Bob to talk to.
Thanks James
Couldn't put it better myself. Shame the wife doesn't share your sentiments.😁 Take care mate.😎👍
Love your presentation James. All the best to you and your family.🙂
Thanks a lot Prayer. Best wishes to all of you. 👍🙏
Hope you get it all sorted in the end mate. Lovely place you got there James.
Cheers Wayne, Hope things all good up in Chiang Mai.👍🙏
Thanks James. Although we have our own working rice farm already and don't foresee any of these types of issue when we do commence our house build, its certainly good to hear about the issues you experienced. The difference in Human nature when money is involved I suppose, can bring out the worst in some. My Wife Yisa was grateful for the info ref your wife, she has been asking me why we don't see her in the videos ;-) We're still planning to visit Udon Thani in December / Jan given all's well. Keep the video's coming. Nick & Yisa.
Thanks Nick. Yes mate, the land issue we had isn't a common situation, but it was certainly an experience for us. I was getting a few questions about my wife so thought I'd better address it. Hope your both well.🙏🏻👍
I ddnt catch most of that bt im a subscriber so il b watching it again nice vlog sir james...
Thanks William. I do ramble on a bit in this one. All the best. 👍🙏
Another great informative video mate, well done
Cheers mate, rambling on a bit, but some info. that I was unaware of until recently. All the best.👍🙏
Very informational video my friend. Nothing like the property taxes we pay in the US. Thank you 🙏 for sharing.
Thanks a lot Joe. Hope you're well mate.🙏👍
Interesting information..thank you..one can never be too careful
Thanks Andrew. It was definitely a learning experience, but no dramas really here since then.😎🙏
Interesting information. Crazy stuff. She knows that you know but she doesn't know that we know. Yet. Lol. Thanks James. All the best. Mitch 🙏
Cheers Mitch. Not sure if she's subscribed yet.😁 Quite an experience, but all water under the bridge. Take care mate.🙏🏻👍
Interesting James, my wife and I bought in Phichai near Uttardit back in the early 2000's. We had some issues but I just stepped back and let the Thai missus sort it, it worked out ok and we sold at a modest profit a few years later as we decided to build a house elsewhere
Yes mate, I just sat back and smiled and let the wife sort it out. All good in the end. 🙏👍
Hi James - I spent three years searching for the "right" plot, with only minor problems, like the price rising *after* the deal was done, and each time I just walked. However, building the house suffered no problems, apart from a two-week hiatus when I had to change builders... I had left my wife to deal with the builders (although I supervised the actual work)... The second bunch, I dealt with and was sorry to see them depart. Best builders I've ever had - in several countries.
I had 41 rai, and no idea what to do with it - I didn't retire to become a farmer here... but I was having to pay to keep the undergrowth under control so I tried sowing sunflowers and corn. The first harvest, with advice from the Headman, made a reasonable profit, The second harvest, my wife took charge and we made nothing, and had labour problems. The next two I took over, and made a decent profit... and then I rented the lot (except around the house) to the local "capo di tutti capi" (Head Headman) - he paid me about half what I had been making but I did nothing - after all I was supposed to be retired... lol.
Farming here is a tough business. Getting paid while sitting back and enjoying your retirement is the way to go. Very happy with my builder too. If you do your homework building here can be a good experience.🙏👍
Not surprised u made nothing when your wife took control. I always say to thai women, stick to what your good at. We all know what that is.😁
Good information just subbed to your channel
Thanks Bruce, appreciate it mate.👍🍺
You could put 8 self contained studio rooms for digital nomads and online teachers easy income cheap to build. Fantastic vlog
Cheers Tom. Yes we did think about a small resort/homestay before. Will have to consider it again once tourists start coming back in . Take care mate.🙏🏻👍
😎👍interesting vlog. Cheers!
Thanks Mick. Appreciate it mate.🙏👍
Great vid, I subbed
Cheers BigBear Jo and Thanks for subscribing.🙏🏻👍
Nice to know about the land tax. Just went thru the same process of joining two pieces of land into one deed. Low and behold, same issue with 2 different owners and 2 different prices for the same size land. But think the good old beer virus helped me out. As the price went down on both when I threaten to walk away from the deal. We had the land guys out to remark the boundary and it only cost 3000 baht to have the papers drawn up. But it did take 4 months to get the papers off them, maybe due to no extra incentive given to help it along....pmsl
Glad it all worked out mate. Definitely worth paying out 3000 bht to get the boundary checked. I was lucky the tractor didn't shift the post further. Good luck with your future plans.👍🙏🏻
@@jamesabroad8589 Thanks mate !!
Subbed for knowing what a Cirrus cloud is!
It's the only thing I remember from school to be honest so had to get it in there.😁 Thanks for the sub.👍🙏
First thing I thought of James…would be good for gardening.
Very interesting, reverse culture shock I think it's called. I like going back for a few weeks then actually miss Thailand so don't think I could move back full time. Taiwan sounds an interesting place to live but maybe more expensive than Thailand. Are there many retirees there? Thanks for the comment.🙏👍
I had land issues where we built on the next door neighbours land. We got the land registry in and they found all the markers and we had encroached on their land. They had sold the land to someone else but he was stuck in Bkk so we couldn’t ask if he minded. In the end we just demolished where we had gone over so there was no issue. Done.
I do have a video ready for it but haven’t had time to edit it. What can you do.
Best to do it now. If you build more by mistake, they have the authority to make you take it down. Still waiting for a jacuzzi shot.😜
Haha, funny video, I hope Bob is safe.
I came here I'm February, flight home to Europe cancelled:
Got my one year visa extension but if I go home I can not come back. Sad story.
Anyways, like your videos.
I think you're in a similar situation to me. If you leave it's impossible to know if you can get back in. Bob is better after some water.😎 Take care mate.👍🙏
@@jamesabroad8589 Thank you. You take care too m8....and Bob. ;)
Sometimes a buffer between your house a others is worth the price. I had the same issue and didn’t buy and ended up with a chicken farm next door.
Yes mate, I'm glad I did it and it will be Annie's in the future. Guys opposite (they're not there anymore) decided to get 200+ ducks so feel your pain being next to a chicken farm. Take care Frankie. 🙏👍
Good insight into owning property and the problems one encounters.. for the xtra land put some goats and say they're for your weed control business, here in California they're used for fire prevention due to drought conditions..too much, anyway hope you get some Rain🙏
Yes, others have suggested goats, maybe a good way of keeping the vegetation under control too. I think Tak and California are quite similar at the moment with the crazy weather. Thanks for the suggestion, take care. 🙏👍
Buy a couple of cement water buffalos place them in the middle of the field and then claim it's pasture farm land
Will pass that suggestion on to the missus.😁🙏🏻
😂
Best post / suggestion so far!
Don’t forget to paint them white…..
Janes, your videos are always on point! I appreciate all that you do. If you have a Patreon account please let me know as I’d be happy to contribute. Thank again for all that you do. Again, it’s much appreciated. Keep those videos coming. You’re living my dream life.
Thanks for the kind words David appreciate it. It's just a hobby mate and enjoy making them so that's enough for me. All the best.👍🙏🏻
Hi James, Any advise on what kind of visa do I need to have in order to stay long in Thailand and be able to buy property? thank you for your time and videos :)
If you're over 50 I'd go for the OA retirement visa. Foreigners can't own land outright. There are ways, but unless married, I'd rent here. Good luck.👍🍻
so if someone buys an 8 Rai plot of land for about 6 million baht, then builds a house on it, how much each year would one have to pay on it ? And what constitutes being “agricultural” land? Would a vegetable garden and some animals constitute that?
Prices seem very high in some places like Korat, i can see prices dropping significantly over the next year, what are your thoughts on that James
Yes mate, prices have been escalating in recent years. However a combination of an overvalued baht and an uncertain economic future might slow things down. All the best.🙏🏻👍
@@jamesabroad8589 i own a 3 bedroom home in Redcliffe 30km from Brisbane and the airport, 150m from the ocean and town lined with restaurants cafes for $600k aud.. so either Aus is way undervalued or Thailand is way overvalued, those provincial cities in Thailand wouldn't fetch those prices from me, not sure what to think of it to be honest
@@ianbing Tourist areas near beach fronts and large cities certainly aren't cheap at all. A plot of land like mine 150m from a beach in Phuket would be insanely expensive. Prices drop significantly once you hit rural areas. We tried to find land where the price was low (rural) but not too far from a town etc. Massive price fluctuations here to be honest. Took me 1 year to find a plot that ticked all the boxes. Take care mate.👍
Don't forget to Subscribe 😎👍. More info. on the new land tax bill in the description.Thanks for watching😎🙏
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Thanks Nannapat.🙏🏻👍
Yay Bob 👍👍
Bob fans in the house, good to see.😁🙏
I see a lot of banana plots popping up on vacant lots in Bangkok.
Yes, big money down there in Bangkok. Maybe a lot of bananas for sale in the future. All the best 😁🙏
11:52 - Phew! BOB!
Got you covered mate.😁🙏
Swimming pool James. Build a nice, in-ground swimming pool.
Swimming pool definitely crossed my mind mate. After a few beers even contemplated a helipad.😁 Not sure the wife would approve.😎 Take care Ozhan.🙏🏻👍
Land title is so confusing compared to the West. Most of the land down south where we are is Tor bor 5 which you don't own but you can farm. But they all build houses on it and most confusing it has a commercial value. A lot of what my wife owns has this title and yes we have a house on one of the rail and plan to build another as long as the Poo yai bans hands are greased off you go.
Yes Ronan, very confusing. Land next to the river here is very sought after and people build very nice properties but they don't own the land. Looked at a few nice plots but gave up after hearing that news. Hand greasing is quite common on these types of issues, hope the new build works out mate.🙏👍
The tax is why owners are planting banana trees or the like on vacant land, even in the middle of Bangkok. Agricultural land is exempt.
I've noticed watching vlogs in Bangkok, vacant lots with banana trees.I'll see if we fly under the radar. It's either banana trees or consolidating the to pieces of land. 👍🍻
hey James have you thought about turning that land into a pig farm i have heard they a bit of money in pig farms in Thailand
Love pigs Paul, but not sure I want them 15 m from my terrace.😁 True, there is money in pig and chicken farming. I have a friend who has a contract with Betagro and makes good money.
Lol... Thai relationships always equal ‘Thai drama’ 😆 Hadn’t heard of the tax issue until now - such a common thing for people to have strips of unused land too, especially in rural areas.
Family often harsh critics, or is the wife just in to Thai foodie channels - they are super popular aren’t they, and always seem to have 100k+ subs 😆
True Simo. Master chef Thailand is the big one here. Thai youtube videos are very different with lots of quick editing and slap stick type sound effects. The missus thinks mine are just slow and boring.😁😇 All the best mate. 🙏👍
If you go with livestock chickens are the easiest, but you;ll need a really high fence to keep them in. Have you considered renting the land to a farmer, for a ridiculous low price, and let him do all the work and keep all the profits? Just make sure its understood the most they can build on the property is a sala. You probably don't want someone living there.
Thanks for the suggestions David. I know nothing about farm animals or farming so might try incorporating what we've got into a single residential estate first and see how it goes. If I had a better water supply I would definitely want to grow something. A few things for us to consider. Hope you're well mate.🙏🏻👍
U can lease the land n built tiny house in Thailand n when u do not want it anymore...u can sell it.. cost only a fraction... better not to put all you money n later regret. . that my opinion.. Et.
Yes that is an option. I know some guys that lease. 👍🍺
for Thais this piece of land would be perfect wedding gift for the daughter 😁
can a house be build in that land without big problems , what is the location? great videos Thank you
Yes we could but like to have view of the mountains. Maybe grow some banana trees there.👍🍺
@@jamesabroad8589 what is the price for a piece of land same size like the one where your house is build and how far are you from the beach
@@DefaultName-ok1xw This area only costs about 1million bht. Just mountains here. Land by the beach is very expensive.😁👍
in Pattaya where i live lots of empty plots of land they plant banana trees, no maintenance .
We'll probably incorporate it into one big residential plot. Dealing with the land office can be frustrating, but will try to do later this year.👍
Lime farm feels like it would be low level maintenance... that said I know nothing about lime farming.
Water would be my only concern and I don't have a clue about farming. 😁All the best.👍🤔
throw a chicken coop and dozen chickens......you're using it..........................thanks for not forgetting the Bob update :)
I do eat a lot of eggs Daz, so definitely an option. Bob's not looking his finest, but never fails to disappoint.😁 Take care mate.🙏🏻
@@jamesabroad8589 I'll try and send some rain your way for Bob. :) have had some the last few days, but just depends where your at. A chicken coop would be cheap and keep you from having to pay that extra tax for not using it....even if you don't eat the eggs....you do so it's a win win
oh yeah ..... make a lake house and lake
May well do that in the future mate.👍🙏
Under agriculture use can't you just put some animals on your vacent lots? Few goats or sheep? A cow? Would that be enough to avoid the tax?
Start growing crops, or subcontract it out.
Yes, might put banana trees on there in the future.👍🍺
Goats mate. They might be just what you need. 🐐🐐
Yes mate, a few people have suggested that. Only looked after a dog before so might take a bit of investigating lol. Hope you're well mate. 👍🙏
@@jamesabroad8589 As a kid growing up on a farm we had goats. They are a crafty bunch. You'll need a very tall fence! It won't take them long to strip the land of all vegetation, so buying food will be a must.
They will vanish “mysteriously” over night, even they are locked up in shack. Install a secret CCTV camera, then you’ll know which Thai ghost took them.
Can a foreigner buy small plot of land in Thailand?
New ten year visa is allowing the purchase of land and property. The financial requirements are quite high.
Have no idea about Thailand how did you come to own a property is it like oth we r countries where it's in the wife's family name
It's in my wife's name. Foreigners can't own land but have rights to the house and it's contents.👍🙏
You must have already considered it but clearly you could just plant some banana or mango to avoid the tax and get the guvmint off your back.
Yes might well do, but water is the issue in this area. Will see how things turn out. Nothing sent from the government yet.👍🙏
Can you turn it into a livestock farm. Get a few pigs, cows, chickens. Would that help, so you would have spend so much on putting in lime trees or whatever? I'm in the US, I have I no idea about Thai politics. Good luck mate
Thanks Rodney. Definitely would like to do something with it if possible. Only looked after dogs in the past so not sure how I'd cope with farm animals. Will see what the wife says. All the best.🙏🏻👍
Good to have friends in high places James hahaha put some animals on it some that don't need lots of looking after
Yes, it's been a help on a few occasions. Will definitely give it some thought on what I'm going to do there in the coming months. Take care Mac.😎👍
Yeah a snake pit.
Blimey, what a crazy story. We can only imagine why they divorced !
Ally saw a Vlog on' Living in Thailand', where when a couple divorced the wife took the house and I mean literally knocked the house down and moved it
I think I met her 3 times but 3 different people lol. Husband was a cool guy.🙏🏻👍
You paid 700,000 or 600,000 bt for that 1.5 rai of land in about 2006 and you say that it is worth 1 M bt now?
That is about 666,000 bt per rai !
I would never have guessed land would be so expensive in Tak, actually I am surprised how expensive land is in relation to wages in Thailand.
My advise would be to grow something on the land to avoid the tax and you can always sell what you grow and might even make a small profit.
Just hire a tractor to plow it and pay some labour to plant and harvest the crop. Alternatively you could always rent it to someone to grow on it.
Yes we'll see how the land office view the situation. Still haven't heard from them. The land by the main road here is 2 million baht/Rai, so certainly not cheap.🙏🏻👍
Pay the tax it's nothing.. tiny money 💰 honestly .
At the moment yes, but if left not so tiny.👍🙏
Look up joel salatin and polyface farms
Cheers , I will. Thanks for info.👍
stick a shed "dwelling" on the land or a 10 inch high poly-tunnel... the misses doesn't understand the Bob Issue ??? perhaps it's time to trade her in for a younger model...
Yes could be an option. Never mate, however the Bob issue could be a concern.🙄😎
Land is Tee Din ที่ดิน not tee.
Cheers.Wife said you can use both.🍺👍
As a Blue Book holder James there's tech nothing you can do Blue book holder aint looked upon with any say really its just a official passport to say you legally live there! Even the Land you can't say its yours cause its NOT! as you and others mentioned here its strictly for your spouses to sort out, well Im presuming your wife and you have some arrangement going on, but hey not my Business and I don't launder my dirty washing in public! LOL Yes! everything legal site sorted by Mem, Ive no involvement James, they'll not listen too you anyway. Have a great day young man ! : ) Oh! Land tax ? PAID!
Yes Michael, my wife is the owner and a lot smarter than me but we generally make decisions together on this type of thing. When did you receive the tax bill? Still got nothing this end. The washing isn't that dirty mate.😁 just responding to a few subscriber's comments. Take care.🙏🏻👍
James Abroad hahaha aye tell em NOWT! 👍
Tax! Mem pays every year her land tax not sure now with now a Agricultural Bank acc and registered with the Government Farmers sceme where upon she gets paid from the gov for growing rice now
Plus she’s stuff going on with the forestry commission also because we’ve fenced all 10 rai now signs are now being sent to Mem warnings people government trees are within this area damage to these will mean prosecution ! Umm Heavy ! 55555
Beam me up Scotty
I felt the same way Paul.😁🙏
My advice is to not buy land in Thailand at the present time. Why? Everything is for sale here, especially here in Phuket. Secondly, as James did, he built a big beautiful house in Tak and he most likely will not be able to sell the house for what's it's worth. I have a good friend that built a massive all Teak Sala Thai house 20 years ago in Ang Thong on his wives parents property. His teak is worth 100 times what the large piece of land is worth. No one wants to buy a million dollar USD plus home in these areas.
I did build at a great exchange rate when building materials were a lot cheaper. But agree, would only make a profit if a foreigner fell in love with it and offered top dollar. 👍🙏
You should use the land to start your own pig farm, just too spite the lady, hahaha. Cheers.
Yes would have been a nice turnaround. First words I learnt in Thai was 'I like pigs' when the pig farm situation was going on lol. All the best Andrew.👍🙏
@@jamesabroad8589 That's hilarious, stay safe and keep healthy, well, at least corona free, unless you have a craving for corona beer, lol. Cheers
fence it and put some cows in there
I know nothing about cows to be honest, but could be an option. Cheers Shane.👍🙏
Grow grass and sell it lol
Thai grass is the best, memories of an Amsterdam trip. Terrible munchies. 😎🙏
Oh...I was thinking cattle fodder lol
now i want to see what your wife look like .... lol .... your not wasting your time .... it's something you like .... 😁👍
Grow a Kratom tree (one is legal) and you’ll be the man in your village 😅
Just tell them it's a bug and rat farm ! 😜
I'll pass that on to the wife.😂
Get the cheapest chicken coop you can get made of free bamboo. Someone will have some chickens they want to get rid of, throw them on the land....then you are good....thai chickens are so skinny you dont need to do anything.
Could be an idea. Never done any type of farming in my life, so will have to investigate a bit more. Take care Kirk.🙏👍
@@jamesabroad8589 It is farming without actual farming. If you want you can post up videos of you in your new farm for evidence....that is your cheapest option...but your money but just trying to give you a option.
@@EternallyGod Cheers Kirk, appreciate the suggestions. Will be discussing options with the wife in the coming months. 👍🙏
As for the poll about allowing in foreigners... I'm sure you would get the same result in most countries,. I fail to be stirred up by childish cries of *"Xenophobia."* There are worse cases of xenophobia in Europe and in the States at the moment...
Not sure it's xenophobia Harry, I kind of understand how people feel here. Many businesses have gone under and massive job cuts, so I think most Thais are just happy to be out of lock down. With infections spiking again around the world I think they just want to preserve what they've got until things calm down. Take care mate.🙏👍
@@jamesabroad8589 - I understand, James... My comment was aimed at the people who react to these polls and assert Thais are thus xenophobic - which some may be but the polls don't prove anything other than what you said...
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