FET reconciliation for foreign buyers | Chirayuthchai Traisaengsathean

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Extracted from Real Estate Project Ownership Transfer Operations Handbook · Appendix F FET Tracker
Example from Appendix F: a foreign buyer of unit B201 at a price of THB 27,000,000, paying in 7 instalments in USD

Condominium unit sale and purchase priceTHB

Exchange rate difference tolerance% Check if USD × rate differs from the baht received by more than this value

Reconciliation result–

Total USD–
Total THB per FET–
Difference against price–

Remittances by instalment
Date	Period	USD	Rate	THB received	Cumulative THB	FET number	Check
					–		–
					–		–
					–		–
					–		–
					–		–
					–		–
					–		–

Results are calculations for learning purposes. The figures entered are hypothetical examples, not real project data.

How to use

Record every instalment the buyer remitted from overseas. Enter the baht amount shown on the bank's FET certificate.
Enter the FET number for every instalment. Any instalment without supporting evidence will be flagged.
The total must not be less than the sale and purchase price before the transfer appointment.

Common problems

If the remitter's name does not match the buyer, request a corrected letter from the bank.
The transfer purpose does not state the purchase of a condominium unit.
For a shortfall caused by the exchange rate or fees, advise the buyer to remit an extra 2–3%.
Check the purpose code and document format with the receiving bank every time.

Tools to use together