Buriram Expats
Buriram Province - General Category => Real Estate, housing, house and land ownership => Topic started by: Starman on June 25, 2010, 07:57:58 AM
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http://chiangmai-mail.com/current/news.shtml#hd6 (http://chiangmai-mail.com/current/news.shtml#hd6)
The first article is the one that may be of interest to some.
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Foreigners’ right to property was the final topic, with officials listing the requirements for owning and buying condos. Additionally, the spouse of a Thai person can inherit one rai of land for residential or commercial purposes or 10 rai of agricultural land if their Thai spouse dies. If the spouse held more than the requirement, then the foreign partner has one year to sell or to give away. Thai children can inherit from their parents, and foreign parents can buy land for their children if they are minors but must apply for a court ruling before purchasing.
CONFUSED.
Does this mean that a foreigner CAN obtain 'ownership' of 1 rai/10 rai ?
I thought ANY property inherited by a foreigner had to be disposed of within 12 months.
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Foreigners’ right to property was the final topic, with officials listing the requirements for owning and buying condos. Additionally, the spouse of a Thai person can inherit one rai of land for residential or commercial purposes or 10 rai of agricultural land if their Thai spouse dies. If the spouse held more than the requirement, then the foreign partner has one year to sell or to give away. Thai children can inherit from their parents, and foreign parents can buy land for their children if they are minors but must apply for a court ruling before purchasing.
CONFUSED.
Does this mean that a foreigner CAN obtain 'ownership' of 1 rai/10 rai ?
I thought ANY property inherited by a foreigner had to be disposed of within 12 months.
This from http://www.sukhothaiinterlaw.com/land.htm (http://www.sukhothaiinterlaw.com/land.htm)
APPLICATION FOR ACQUISITION OF LAND OR CONDOMINIUM UNITS BY ALIENS AND PERSONS CONNECTED WITH ALIENS
1. Application by Aliens for Acquisition of Land
Nowadays, an alien may apply for acquisition of land in Thailand in three cases as follows:
1.1 Receiving inheritance as a statutory heir under section 93 of the Land Code, in this instance, the total area including the land which has already been acquired (or has not yet been acquired) shall not exceed that specified in section 87 of the Land Code, i.e. not more than 1 rai for a residential purpose;