Thailand property taxes
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May 13, 2016
Very important information to read:
This article is intended as a preliminary guide only and refers to some but not all elements required to consider in detail prior to starting any property dealings or due diligence. Property dealings are often complex, especially in foreign countries and we highly recommend you seek independent professional advice... read more...
This article is intended as a preliminary guide only and refers to some but not all elements required to consider in detail prior to starting any property dealings or due diligence. Property dealings are often complex, especially in foreign countries and we highly recommend you seek independent professional advice... read more...
In Thailand, the buyer pays a transfer fee of 2% of the assessed value of the property.
The seller pays stamp duty of 0.5% of the assessed value, or THB 1 per THB 200 of declared value, whichever is higher. Stamp duty is waived if the transaction is subject to business tax.
If the seller is a company, it pays a withholding tax of 1% of the appraised value or registered sale value of the property, whichever is higher.
If the seller is an individual, withholding tax is calculated on a progressive rate of between 5% and 37% of the assessed value of the property.
The seller pays a business tax of 3.3% of the appraisal value or registered sale value, whichever is higher. The business tax applies to both individuals and companies.
The municipal tax is 10% of the business tax.
The ownership transfer fee for transactions under debt restructuring agreements has been lowered from 2% to 0.01%.
When companies dispose of assets, including property, any capital gains is treated as ordinary business income and is taxed at the corporate tax rate of 30%.
When individuals dispose of assets, including property, any capital gain is treated as personal income and is taxed at the individual tax rate.
Source: Jones Lang LaSalle Asia Pacific Property Investment Guide 2014.
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Read also:
- Thailand real estate glossary
- Buying real estate in Thailand
- Thailand: obtaining finance as a foreigner
Very important information to read:
This article and the above linked articles are not complete and are intended as preliminary guides only. These guides refer to some elements to consider prior to starting any property dealings or due diligence. Property dealings are often complex areas, especially in foreign countries and we highly recommend you seek independent professional advice... read more...
This article and the above linked articles are not complete and are intended as preliminary guides only. These guides refer to some elements to consider prior to starting any property dealings or due diligence. Property dealings are often complex areas, especially in foreign countries and we highly recommend you seek independent professional advice... read more...
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