Land and Building Tax in Pattaya “The long arm of taxation”
Nobody can deny that everything is impermanent except “death” and “taxation”. The long arm tax policy of the HMRC causes misery for many British tax payers who are forced to give up their possession in the UK and buy property in Pattaya.
Many of them set up a Thai company to own the property. The circle of life in every year for these foreign property buyers is to see their lawyer and accountant to prepare and submit their company’s balance sheet and tax returns. This company ownership structure is always a good solution to be free from all hungry vultures. These foreigners believe in the old say that “Hell hath no fury more than a woman scorned” and are scared to put the ownership of their property and destiny in the name of their Thai lady.

