Legal and Tax Problems of Property Fund

Abstract

Property Fund in Thailand is regarded as a type of juristic person pursuant to the Thai securities laws. Property fund in Thailand adopted the legal concept of incorporation from REITs or Real Estate Investment Trusts in the United States of America which is comparable to property fund in other countries. Such other countries include United Kingdom, Germany, and Australia which adopted the concept of REITs to apply for its domestic laws. The paper of research focuses on the analysis of legal and tax status of property fund and its relevant problems. The way of research is to compare the property fund in Thailand and property fund or REITs in such other countries. From the research, it is found that the legal and tax problems and differences of property fund in each country arisen from different legal system and internal policy of each country.