Thailand Property Taxes

If you are buying property then you need to know what the property transfer taxes are on the property transfer. This gives you only an indication of what it payable and it is usually settled between the seller and buyer who pays which taxes. Speak to a property attorney in Thailand about the taxes to be paid.

If you are buying property in Thailand then it is best to use an example as to what would normally be paid. For this example, the property you are going to buy will cost 1,000,000 Baht and it is for an individual and not a company.

Market Price : 1,000,000 Baht

Government Value : 500,000 Baht

The above property is a condominium in a project like most new condo units sold to foreigners in Thailand. This would be the tax rates:

  • Transfer fee (2%) = 10,000 Baht
  • Stamp Duty (0.5%) = 5,000 Baht

This was for an apartment which has been used for more than 5 years. The taxes are not the same if it is a company and more than 5 years of occupation. These are as follows:

  • Transfer fee (2%) = 10,000 Baht
  • Business Tax (3.3%) = 33,000 Baht
  • Witholding Tax = 10,000 Baht

If you wish to calculate the transfer fees due on your property then make use of our transfer tax calculators. If you have any questions speak to us on our main website to obtain legal advice and guidance.


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