Thailand Property Taxes

When you buy property in Thailand normally there rules as to what cost the buyer pays and which costs the seller pays during the property transfer. Also note that there are no ‘caps’ on what the property agent can charge and this could create problems.

When you buy property in Thailand normally there are a set rules for who gets to pay for what during the transaction. The transfer fee which is normally 2% of the registered value is paid by the buyer of the property. The stamp duty is paid for by the seller and this is usually 0.5% of the registered value of the property.

The withholding tax if it is payable is paid for by the seller which is 1% of the appraised value of the property. If the business tax is applicable to your transaction then this is 3.3% of the appraised value of the property is paid for by the seller. Not that there is an appraised value and a registered value.

The stamp duty you are only except from when there is no business tax payable on the property transfer. The business tax payable is only payable if the property was held by the seller for less than 5 years. It makes no difference if the seller is an individual or a company. This was introduced to avoid property flipping or driving up the property prices in Thailand.

If you need to calculate this online then see our property transfer calculator which is for Thai property held by either an individual or a company. Call us 24 hours of the day 7 days a week to speak to a property lawyer about transfer duties in Thailand. Call our toll-free US or UK telephone numbers to obtain that information now. Better yet walk into any of our offices in Thailand, be it in Bangkok, Pattaya, Chiang Mai, Samui, Hua Hin or Phuket.

Call us now or talk to us live on our main website visa live help.

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